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re: Wall Street: Housing market to see 2nd biggest home price decline since Great Depression
Posted on 10/4/22 at 11:05 am to stout
Posted on 10/4/22 at 11:05 am to stout
Im sure when there was zero foreclosures they are up 30% now
If you are in default and have equity thats your fault if you dont want to find the solution
But this is a lot of fearmongering
If you are in default and have equity thats your fault if you dont want to find the solution
But this is a lot of fearmongering
Posted on 10/4/22 at 11:54 am to SDVTiger
quote:
Im sure when there was zero foreclosures they are up 30% now
Yes the early months there were increases compaed to year over year but then the increases have continued for nearly a year now and are now increasing month over month. That's a trend no matter how you try to word it.
As I said, we are almost at 2019 levels despite tons of programs to help people avoid foreclosure and a super hot market.
A 30% inventory increase at the second largest default servicer in the USA in August is just the beginning according to people I know there. They are actually in panic mode internally because they are expecting a huge increase in 2023 and are not sure they can find enough subcontractors to handle the workload.
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