Foreclosure Starts SURGE 187% - Pre Pandemic Levels (Warning!)

Foreclosure starts – the first step of the process and one that doesn’t always lead to a final foreclosure – affected 23,952 U.S. properties in August, up 12% from July and up 187% year-to-year.
So what does this mean for the housing market? Well we could be looking at a significant amount of foreclosure properties hitting the market in 2023 if these people cannot save themselves from the gavel.

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Articles Mentioned in the Video

https://www.floridarealtors.org/news-media/news-articles/2022/09/more-fla-inventory-depends-price-tier?utm_campaign=9-09-22+Florida+Realtors+News&utm_source=iPost&utm_medium=email

https://www.redfin.com/news/inflation-renters-gen-z-millennials-2022/

https://www.floridarealtors.org/news-media/news-articles/2022/09/foreclosure-starts-close-pre-pandemic-levels?utm_campaign=9-09-22+Florida+Realtors+News&utm_source=iPost&utm_medium=email

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