Today's Foreclosure Volume In Cedar Park & Leander TX Is Nothing Like 2008

@martykelly100 talks about foreclosures and how they are not negatively affecting today's market.

You might’ve heard about an increase in foreclosures in the news lately. And that may have you worried we’re headed for a housing crash like we saw back in two-thousand-and-eight.

But things are different this time.

Let me break it down for you.

This graph shows the number of foreclosure filings is near an all-time low, even with a slight increase over the last year.

When the housing market crashed back in two-thousand-and-eight, there was an oversupply of homes for sale. Part of that oversupply came from foreclosures. You can see that increase in foreclosures if you look at the peak in this graph.

But today, the number of foreclosure filings is low by comparison. The only time when foreclosures were significantly lower than this year was during the foreclosure moratorium that happened during the pandemic. That’s the white bars on the graph.
With the moratorium now over, we’re seeing an expected rise in foreclosures today.

But even with that, there are fewer homes in foreclosure than usual and much fewer than there were during the housing crash.

Data shows this isn’t a repeat of two-thousand-and-eight. Most homeowners even have enough equity to sell and avoid foreclosure this time. If you have questions, let’s connect.

Call or text me today and let's discuss your Real Estate needs.

And Remember...
It matters who you choose to be your Realtor.

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Marty Kelly is a native Texan and has been a resident in Leander TX since 1996. Marty has been working in Real Estate since 2005, and he is currently the Broker for Keller Williams Realty in Cedar Park and Leander TX, helping friends & family buy & sell their homes for the best value with the least amount of stress.

Marty Kelly, Broker
Keller Williams Realty
c: 512.563.0799
e: MartyKelly@kw.com
w: www.MartyKelly.kw.com
APP: www.MK-KW.com

IT MATTERS WHO YOU CHOOSE TO BE YOUR REALTOR.