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 … Read more

Private Equity Firms are Buying up Real Estate as the Market Crashes and Foreclosures Rise. How Will This Affect the Market Long-Term?

According to conservative estimates, private equity firms own one out of every twenty-six apartment listings in the United States, along with 1.6 million housing units, 275,000 manufactured home lots, and nearly 240,000 single-family rental homes. What’s more, it’s not uncommon for firms to take advantage of rising foreclosure rates and an overall dip in home … Read more

Are Foreclosure Rates Set to Rise in 2023? 

It’s no secret that foreclosure rates are rising in 2022. It’s unclear if the trend will continue in 2023; however, there is clear evidence that foreclosures could continue rising next year, leaving lenders in the difficult position of trying to sell homes in a buyer’s market. At the same time, if certain factors were to … Read more