Infographics | The HousingCoach

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.

Looking at monthly home price data from six expert sources shows the worst home price declines are behind us, and they’re rising again nationally.
If you’ve put your plans to move on pause because you were worried about home prices crashing, this rebound is good news.
Connect with a local real estate agent so you know what’s happening with prices in your area.

Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth.
Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation continues to cool.
Even though low inventory continues to be a challenge, experts project 5 million homes will still sell this year. That pace should pick up if rates come down.

If you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market.
Housing inventory is still very low, prices are climbing back up, and homes are selling fast when priced right.
Connect with a real estate agent if you want more information about your local area and what the trends mean for your plans to buy or sell.

According to a recent Gallup poll, real estate has been voted the best long-term investment for 11 years in a row, beating gold, stocks, bonds, and more.
Owning real estate means more than just having a home—it’s an investment in your future. That’s because it’s typically a stable and secure asset that tends to increase in value as time goes on.
Connect with a local real estate agent if you’re ready to buy a home and invest in your future.

Today’s housing inventory is still well below more normal years.
This low inventory is why homes that are priced right are still selling quickly and seeing multiple offers.
If you want to sell your house, now is a great time because inventory is still low. Contact a trusted real estate agent to start the process.