Real Estate Realities With Robert "the Rebelbroker" Whitelaw

Foreclosures in 2022 - Time To Panic?

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Sinopsis

In todays show we look at the real Foreclosures in 2022 data and just how worried you should be!   The Current Headlines ​We are all busy. Which means that we spend a great deal of time skimming the news rather than reading it. Of course, that means we will frequenly get left with the wrong impression when it comes to what is actually going on. Herea are the headlines from a few popular news sources: U.S. FORECLOSURE ACTIVITY IN JANUARY 2022 HIGHEST SINCE BEGINNING OF COVID-19 PANDEMIC U.S. foreclosures are the highest since pandemic’s start Foreclosures are on the rise. Here’s what that says about the housing market The Actual Numbers While many of those headlines are accurate, they do not paint a real picture of where we are with foreclosures. For the past two years, we have seem the lowest foreclosure rates for at least the last 17 years. The folks over at ATTOM - considered the very best source for this kind of data, included this image in a recent post. So when these news outlets compare the curre