Why Today’s Housing Inventory Shows a Crash Isn’t on the HorizonYou might remember the housing crash in 2008, even if you didn't own a home at the time. If you’re worried
WHY WE'RE NOT GOING TO SEE A WAVE OF FORECLOSURES
Dated: August 22 2023
Views: 275
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.
eXp Realty in Oregon and its technology provider, Inside Real Estate, fully support the principles of the Fair Housing Act (Title VIII of the Civil Rights Act of 1968), as amended, which generally prohibits discrimination in the sale, rental, and financing of dwellings, and in other housing-related transactions, based on race, color, national origin, religion, sex, familial status (including children under the age of 18 living with parents of legal custodians, pregnant women, and people securing custody of children under the age of 18), and handicap (disability). As an adjunct to the foregoing commitment, both eXp Realty in Oregon and Inside Real Estate actively promote, and are committed to, creating and fostering an environment of diversity throughout their respective organizations and franchise systems, and each views such a concept as a critical component to the on-going success of their business operations. Opinions are my own and not the views of eXp Realty, LLC. The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Donna Meeuwsen and eXp Realty LLC does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Donna Meeuwsen and eXp Realty LLC will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
Donna Meeuwsen
I'm proud to be from the Pacific Northwest and have seen this Oregon and SW Washington transform from a hidden gem to a shining star! Growing up here, I know every nook and cranny of this beautiful re....
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