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You may see headlines today talking about foreclosures going up by 185%. A couple of points:
✅ The increase is over 2021 numbers when there was a moratorium on foreclosures.
✅ The numbers are no where close to those back in 2008-2011.
✅ The numbers aren’t even back to pre-pandemic numbers.
Unfortunately, there will always be foreclosures as a certain number of families hit hard times every year. I feel for them and their children.
However, let’s make sure we report the numbers with an accurate perspective so as to not cause panic in the marketplace.
Just saying…