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Category: Foreclosures

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Not a Crash: 3 Graphs That Show How Today’s Inventory Differs from 2008

Written by Key Largo Mortgage Syndicated User on . Posted in Economy, Foreclosures, Inventory, Key Largo Mortgage, Key Largo Mortgage Rates.

Even if you didn’t own a home at the time, you probably remember the housing crisis in 2008. That crash impacted the lives of countless people, and many now live with the worry that something like that could happen again. But rest easy, because things are different than they were back then. As Business Insider says: “Though many Americans believe the housing market is at risk of crashing, the economists who study housing market conditions overwhelmingly do not expect a crash in 2024 or beyond.” Here’s why experts are so confident. For the market (and home prices) to crash, there...

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Foreclosure Numbers Are Nothing Like the 2008 Crash

Written by Key Largo Mortgage Syndicated User on . Posted in Foreclosures, Key Largo Mortgage, Key Largo Mortgage Rates.

If you’ve been keeping up with the news lately, you’ve probably come across some articles saying the number of foreclosures in today’s housing market is going up. And that may leave you feeling a bit worried about what’s ahead, especially if you owned a home during the housing crash in 2008. The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed. Here’s the latest information stacked against the historical data to put your mind at ease. The Headlines Make the Increase Sound Dramatic – But It’s Not The increase the media is calling attention...

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Homeowners Today Have Options To Avoid Foreclosure

Written by Key Largo Mortgage Syndicated User on . Posted in Foreclosures, Key Largo Mortgage, Key Largo Mortgage Rates.

Even with the latest data coming in, the experts agree there’s no chance of a large-scale foreclosure crisis like the one we saw back in 2008. While headlines may be calling attention to a slight uptick in foreclosure filings recently, the bigger picture is that we’re still well below the number we’d see in a more normal year for the housing market. As a report from BlackKnight explains: “The prospect of any kind of near-term surge in foreclosure activity remains low, with start volumes still nearly 40% below pre-pandemic levels.” That’s good news. It means the number of homeowners at risk...

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Why There Won’t Be a Recession That Tanks the Housing Market

Written by Key Largo Mortgage Syndicated User on . Posted in Foreclosures, Housing Market Updates, Key Largo Mortgage, Key Largo Mortgage Rates.

There’s been a lot of recession talk over the past couple of years. And that may leave you worried we’re headed for a repeat of what we saw back in 2008. Here’s a look at the latest expert projections to show you why that isn’t going to happen.   According to Jacob Channel, Senior Economist at LendingTree, the economy’s pretty strong: “At least right now, the fundamentals of the economy, despite some hiccups, are doing pretty good. While things are far from perfect, the economy is probably doing better than people want to give it credit for.” That might be why a recent survey from the Wall...

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There’s No Foreclosure Wave in Sight [INFOGRAPHIC]

Written by Key Largo Mortgage Syndicated User on . Posted in Foreclosures, Infographics, Key Largo Mortgage, Key Largo Mortgage Rates.

Some Highlights Headlines saying foreclosures are rising might make you feel uneasy. But the truth is, there’s no need to worry. If you look at the latest numbers, they’re still below pre-pandemic norms and way below what happened during the crash. If you’re worried about a flood of foreclosures, the data shows a foreclosure crisis is not where the market is today and is not where it’s headed.

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Foreclosure Activity Is Still Lower than the Norm

Written by Key Largo Mortgage Syndicated User on . Posted in Foreclosures, Housing Market Updates, Key Largo Mortgage, Key Largo Mortgage Rates.

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 Perspective The 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...

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