Are FORECLOSURES on the Rise? | Housing Outlook | Florida Real Estate

Are foreclosures on the the rise in 2020? It's a question thousands of people are asking right now. Will foreclosures go up? Are foreclosures increasing? Is the housing market going to crash, again? Cue the panic.

Then there are all those sensationalist click-bait videos and articles adding fuel to the housing fire. Stop watching and reading those!!

The short answer is, yes, foreclosures will likely increase into 2021. HOWEVER, this is not 2008. The market isn't the same. Mortgages are not the same. The profile of a typical homeowner isn't the same. There's no need to panic.

In this video I explain why experts are not concerned about foreclosures, and why you shouldn't be either. I explore how the current is in a much better place than in 2008.

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License information:
Cristina Vanthul
SL3070672
Broker: Keller Williams Gulfside Realty