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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
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74194 posts
Posted on 10/4/22 at 11:05 am to
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
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167487 posts
Posted on 10/4/22 at 11:54 am to
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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