26 Jan 2023What’s the temperature on the foreclosure market and inventory for 2023?
Foreclosures? With the rapid rise in interest rates, we have seen in the latter part of 2022,one might wonder if that will precipitate a foreclosure storm. Unlikely. Let’ssee what the data brings to light.Attom Data has been tracking foreclosures for decades. They are claimingthe current market is shielded from a foreclosure storm by several keyfactors. First, changes in the lending practices initiated by the Dodd Frank Actin 2010 greatly reduced foreclosures. Even before the pandemic
