Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]

<article class="post-777446 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-777446"><span class="entry-date">August 18, 2023</span><div class="entry-header center-block text-center"><h1 class="entry-title">Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Don%E2%80%99t+Expect+a+Wave+of+Foreclosures+%5BINFOGRAPHIC%5D&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fdont-expect-a-wave-of-foreclosures-infographic%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="Don’t Expect a Wave of Foreclosures [INFOGRAPHIC] Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/Dont-Expect-A-Wave-Of-Foreclosures-KCM-Share.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width="358"/>
<p><a href="https://www.simplifyingthemarket.com/content/images/20230816/Dont-Expect-A-Wave-Of-Foreclosures-MEM.png?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank"><img decoding="async" src="https://files.keepingcurrentmatters.com/content/images/20230816/Dont-Expect-A-Wave-Of-Foreclosures-MEM.png"/></a></p>
<h3>Some Highlights</h3>
<ul>
<li>With ongoing high <a href="https://www.simplifyingthemarket.com/2023/08/03/how-inflation-affects-mortgage-rates/" rel="noopener noreferrer" target="_blank">inflation</a> pushing up everyday costs, some people are worried that’ll create a flood of foreclosures. Here’s why that’s <a href="https://www.freddiemac.com/investors/financials/pdf/0523mvs.pdf" rel="noopener noreferrer" target="_blank">unlikely</a>. </li>
<li>Fewer <a href="https://www.freddiemac.com/investors/financials/pdf/0623mvs.pdf" rel="noopener noreferrer" target="_blank">people</a> are seriously <a href="https://www.fanniemae.com/media/48496/display" rel="noopener noreferrer" target="_blank">behind</a> on mortgage <a href="https://www.corelogic.com/intelligence/loan-performance-insights-july-2023/" rel="noopener noreferrer" target="_blank">payments</a> right now. If foreclosures were going to rise a lot, more people would need to be late on their payments.</li>
<li>Since most are paying on time, a wave isn’t <a href="https://calculatedrisk.substack.com/p/fannie-and-freddie-single-family" rel="noopener noreferrer" target="_blank">coming</a>. If you’re concerned about a flood of foreclosures, the <a href="https://www.simplifyingthemarket.com/2023/07/24/foreclosure-numbers-today-arent-like-2008/" rel="noopener noreferrer" target="_blank">data</a> shows that’s not likely.</li>
</ul>
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