🏠 FORECLOSURES HIT RECORD HIGH OF 67% | Housing Market Update October 2021

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🗒 Over the past several days we’ve seen reports of foreclosures increasing quite dramatically and there were several politicians and financial experts who started to sound alarm. In today’s video I want to share with you the most recent data about where we stand with the housing market today, specifically foreclosures. As pandemic-related mortgage bailouts are ending, foreclosures are now starting to rise. If you look at the numbers, you will notice that foreclosure jumped 32% in the third quarter of this year from the second quarter and were 67% higher than the third quarter of 2020. Mortgage lenders began the foreclosure process on approximately 25,000 properties in the third quarter, which is a 32% increase from the second quarter.What do these numbers mean for the economy? Are these numbers red flags?

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#HousingMarketUpdate #ForeclosuresSurge

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