Home Foreclosures Up 34% Nationwide

American consumers are tapped out. Credit card debt is over 30% higher than it was just two years ago. Balances on non-housing loans have hit a whopping $4.8 trillion, and the rate of newly serious delinquent credit card debt has risen by about 90% since Q1 2022. The resumption of student loans in October 2023 […]
How and Why Foreclosures are Surging in the Third Quarter of 2023

Just three months ago, ATTOM CEO Rob Barber hailed a rebound in the housing market as foreclosure filings fell by 9% from June 2023 to July 2023. Unfortunately, there was trouble brewing on the horizon, and it hit the market hard. ATTOM’s most recent foreclosure data for Q3 2023 shows that there are 124,539 properties […]
Which Metropolitan Areas Had the Highest Foreclosure Rates in July 2023?

Many experts watching the residential real estate market likely breathed a sigh of relief when foreclosure filings in July 2023 were 9% lower than they were a month ago. In fact, ATTOM CEO Rob Barber hailed the news as a “sign of a rebounding housing market”. He noted that the recent rise in home prices is putting […]
Foreclosure Rates are Declining, But the Housing Market Isn’t Out of the Woods Yet

Statistics from July 2023 show that foreclosure filings are down 9% from a month ago. What’s more, the number of new homes being foreclosed on is 12% lower than it was in June 2022. ATTOM CEO Rob Barber has hailed the significant decline as a sign of a rebounding housing market, pointing out that homeowners […]
Why is the $20 Trillion Commercial Real Estate Market Melting Down?

The commercial real estate market has gotten a lot of press lately and for all the wrong reasons. Brookfield, one of the world’s largest public real estate companies, announced earlier this year that it would default on over $161 million worth of office building mortgages. Pacific Investment Co. subsequently announced that it would default on […]
What is the State of the Foreclosure Market in 2023?

Foreclosure rates have been rising since 2020. However, the current jump in foreclosure filings in the first quarter of 2023 is still alarming. A whopping 95,712 properties in the United States had foreclosure filings in the first three months of the year. What’s more, over 36,000 of these filings were from March 2023 alone, indicating […]