Foreclosure Crisis Review

Dated: 07/24/2017

Views: 182

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As we find ourselves getting back to 2005 levels within the next year or so, we cannot forget what caused the 2010 spike.


In 2010, 7.7 million families lost their homes to foreclosure, 1.2 million homes finalizing foreclosure throughout this crisis.


But why?


Dr. Frank Nothaft, Chief Economist for CoreLogic, says this:


“As we look back over 10 years of the foreclosure crisis, we cannot ignore the connection between jobs and homeownership. A healthy economy is driven by jobs coupled with consumer confidence that usually leads to homeownership.”


With the consumer confidence and jobs going up, the foreclosure rate will continue to come down.

Julie Baldino - Owner-Managing Broker

Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consistently been in the top 10% in sales for over a decade in 2 states. In order to accommodate a rapidly ex....

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