Posted by Lori Aikin on Tuesday, August 22, 2023 at 5:00 PM By Lori Aikin / August 22, 2023 Comment
Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]
- 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.