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re: LA, MS, & AL lead the nation in people facing foreclosure percentage wise
Posted on 12/20/23 at 8:40 am to stout
Posted on 12/20/23 at 8:40 am to stout
1,450 foreclosures is practically nothing in a city like NYC where the metro population is over 5,000,000 people
This post was edited on 12/20/23 at 8:41 am
2
Posted on 12/20/23 at 8:44 am to JasonDBlaha
That is foreclosure starts in November only. That means 1450 more added that month to what was already in foreclosure previously.
What matters is if that number exceeds how many properties that have already gone through the process and are now REO are being sold. AKA if they are taking in more than they are getting off the books.
Only time will tell if that is the case.
What matters is if that number exceeds how many properties that have already gone through the process and are now REO are being sold. AKA if they are taking in more than they are getting off the books.
Only time will tell if that is the case.
This post was edited on 12/20/23 at 8:46 am
Posted on 12/20/23 at 10:34 am to JasonDBlaha
quote:
NYC where the metro population is over 5,000,000 people
The metro is more like 18 million.
And overall those delinquency rates don’t seem too extreme. We keep hearing about times being tough and what a terrible economy, but everyone seems to be buying overpriced homes and trucks and the travel industry has had a record year. The stock market is at an all time high.
Sometimes reality is way different than what our little echo chambers have is believe.
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