Posted
by Vicki Flyth
on Monday, August 21st, 2023 at 1:29pm.
Don’t Expect a Wave of Foreclosures
Some Highlights
With ongoing high inflation pushing up everyday costs, some people are worried that'll create a flood of foreclosures. Here's why that's unlikely.
Fewer people are seriously behind on mortgage payments right now. If foreclosures were going to rise a lot, more people would need to be late on their payments.
Since most are paying on time, a wave isn’t coming. If you're concerned about a flood of foreclosures, the data shows that's not likely.
