The current housing market, despite negative narratives, is fundamentally strong. Homeowners possess substantial equity, with many having over 50% equity or owning homes outright. Mortgage rates remain low for many, keeping foreclosures low and inventory tight. Overall, the market is stabilizing, not crashing, and offers opportunities for both buyers and sellers.
Tag Archives: Foreclosures
Don’t Expect a Flood of Foreclosures
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. And that’s creating concern that a lot of foreclosures are on the horizon. While it’s true that foreclosure filings have gone up a bit compared to last year, expertsContinue reading “Don’t Expect a Flood of Foreclosures”
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