What the Foreclosure Headlines Aren’t Telling You
You've probably seen the headlines saying, " foreclosures are on the rise ,” and maybe your mind jumped straight to 2008. That’s understandable. A lot of people remember that crash and all the foreclosures that happened during that window, and they’re hoping something like that never happens again. But this isn’t a repeat of what happened back then. Here’s the context to prove it. Foreclosures Are Rising, But They’re Still Historically Low Yes, foreclosure filings are up 26% from a year ago, according to ATTOM . And they’ve been rising for 5 straight quarters. That's a real trend worth paying attention to. But the full picture isn’t scary like the headlines suggest. The reality is the increase we’re seeing is a sign of the market normalizing. Here's an important thing to know about this chart. The extremely low numbers you see in 2020 and 2021 don't represent what's " normal ." That's when the government put a moratorium on foreclosures to help...