Tyler Rogina Rogina Group - Compass
When is the foreclosure wave coming? ๐
Question 2 of the 30 Days of Q&As in 30 Seconds!
When is the foreclosure wave coming? ๐
- The average number of foreclosure filings since 1999-2020 per quarter is 206,000 and we are currently at roughly 25,000.
- 91% of the people in active Forbearance have at least 11% equity in their home! Are they going to let that money go?
Over the past year, strong home price growth has created a record level of home equity for homeowners. ๐ก The pandemic has led to both personal and economic hardships for many American households. The overall residential real estate market, however, has weathered the storm and will continue to do so in 2021 ๐ช
So when you see a HEADLINE that foreclosures are going to double or triple, keep these numbers in mind.
#realestate #askanagent #30daysofQ&Asin30seconds
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