Foreclosure Numbers Today Aren’t Like 2008

Written by Space Coast Mortgage Syndicated User on July 25, 2023. Posted in Distressed Properties, For Buyers, Foreclosures, Housing Market Updates, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

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. This may have left you with some uncertainty, especially if you’re considering buying a home. It’s important to understand the context of these reports to know the truth about what’s happening today.According to a recent report from ATTOM, a property data provider, foreclosure filings are up 2% compared to the previous quarter and 8% since one year ago. While media headlines are drawing attention to this increase, reporting...

Why Today’s Foreclosure Numbers Are Nothing Like 2008

Written by Space Coast Mortgage Syndicated User on April 28, 2023. Posted in Distressed Properties, Foreclosures, Housing Market Updates, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

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 think...

Why Today’s Housing Market Isn’t Headed for a Crash

Written by Space Coast Mortgage Syndicated User on February 10, 2023. Posted in Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news. Current data shows today’s market is nothing like it was before the housing crash in 2008.

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

Written by Space Coast Mortgage Syndicated User on December 1, 2022. Posted in Distressed Properties, For Buyers, For Sellers, Foreclosures, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

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 to...

Why the Forbearance Program Changed the Housing Market

Written by Space Coast Mortgage Syndicated User on August 9, 2022. Posted in Distressed Properties, Foreclosures, Housing Market Updates, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program changed that. It provided much-needed relief for homeowners so a foreclosure crisis wouldn’t happen again. Here’s why forbearance worked. Forbearance enabled nearly five million homeowners to get back on their feet in a time when having the security and protection of a home was more important than ever. Those in need were able to work...

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

Written by Space Coast Mortgage Syndicated User on May 16, 2022. Posted in Distressed Properties, Foreclosures, Housing Market Updates, Space Coast Condo Financing, Space Coast Mortgage, Space Coast Mortgage Rates.

While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the uncertainty created by the health crisis. When the forbearance program began, many experts were concerned it would result in a wave of foreclosures coming to the market, as there was after the housing crash in 2008. Here’s a look at why the number of foreclosures we’re seeing today is nothing like the last time. 1. There Are Fewer...

Category: Distressed Properties