Headlines saying foreclosures are rising might make you feel uneasy. But the truth is, there’s no need to worry.
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With ongoing high inflation pushing up everyday costs, some people are worried that'll create a flood of foreclosures. Here's why that's unlikely.
Have you seen headlines talking about the increase in foreclosures in today’s housing market?
You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market.
The rising cost of just about everything from groceries to gas right now is leading to speculation that more people won’t be able to afford their mortgage payments.
If you've been following the news recently, you might have seen articles about an increase in foreclosures and bankruptcies.
If you've been keeping up with the news lately, you've probably come across headlines talking about the increase in foreclosures in today’s housing market.
If you’re worried about a coming recession, you’re not alone.
If you’re looking to buy a home, you should know even a small change in mortgage rates has an impact on your purchasing power.
With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early 2000s.
Everywhere you look, people are talking about a potential recession.
Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low.
If you’re looking to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month.
- Today’s housing market is different than it was in 2008.
- Lending standards have tightened, foreclosures have declined, home inventory is much lower, and homeowners have far more equity.
If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates.