Foreclosure Activity Is Still Lower than the Norm

Written by Miramar Beach FL Mortgage Syndicated User on February 1, 2024. Posted in Foreclosures, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

Have you seen headlines talking about the increase in foreclosures in today’s housing market? If so, they may leave you feeling a bit uneasy about what’s ahead. But remember, these clickbait titles don’t always give you the full story.The truth is, if you compare the current numbers with what usually happens in the market, you’ll see there’s no need to worry.Putting the Headlines into PerspectiveThe increase the media is calling attention to is misleading. That’s because they’re only comparing the most recent numbers to a time where foreclosures were at historic lows. And that’s making it...

Foreclosures and Bankruptcies Won’t Crash the Housing Market

Written by Miramar Beach FL Mortgage Syndicated User on November 1, 2023. Posted in Foreclosures, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

If you’ve been following the news recently, you might have seen articles about an increase in foreclosures and bankruptcies. That could be making you feel uneasy, especially if you’re thinking about buying or selling a house.But the truth is, even though the numbers are going up, the data shows the housing market isn’t headed for a crisis.Foreclosure Activity Rising, but Less Than Headlines SuggestIn recent years, the number of foreclosures has been very low. That’s because, in 2020 and 2021, the forbearance program and other relief options were put in place to help many...

Why Today’s Housing Inventory Shows a Crash Isn’t on the Horizon

Written by Miramar Beach FL Mortgage Syndicated User on October 1, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

You might remember the housing crash in 2008, even if you didn’t own a home at the time. If you’re worried there’s going to be a repeat of what happened back then, there’s good news – the housing market now is different from 2008.One important reason is there aren’t enough homes for sale. That means there’s an undersupply, not an oversupply like the last time. For the market to crash, there would have to be too many houses for sale, but the data doesn’t show that happening.Housing supply comes from three main sources:Homeowners deciding to sell their housesNewly...

Today’s Real Estate Market: The ‘Unicorns’ Have Galloped Off

Written by Miramar Beach FL Mortgage Syndicated User on June 1, 2023. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL, Pricing.

Comparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. Comparing this year’s numbers to the two ‘unicorn’ years we just experienced is almost worthless. By ‘unicorn,’ this is the less common definition of the word:“Something that is greatly desired but difficult or impossible to find.” The pandemic profoundly changed real estate over the last few...

Why Today’s Foreclosure Numbers Are Nothing Like 2008

Written by Miramar Beach FL Mortgage Syndicated User on May 1, 2023. Posted in Distressed Properties, Foreclosures, Housing Market Updates, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happening today.According to a recent report from ATTOM, a property data provider, foreclosure filings are up 6% compared to the previous quarter and 22% since one year ago. As media headlines call attention to this increase, reporting on just the number could actually generate worry and may even make you...

Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

Written by Miramar Beach FL Mortgage Syndicated User on December 1, 2022. Posted in Distressed Properties, For Buyers, For Sellers, Foreclosures, Miramar Beach Mortgage, Mortgage Miramar Beach FL.

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. One of the reasons this isn’t like the last time is the number of foreclosures in the market is much lower now. Here’s a look at why there won’t be a wave of foreclosures flooding the market. Not as Many Homeowners Are in Trouble This Time After the last housing crash, over nine million households lost their homes due...

Category: Foreclosures