Great News! Foreclosures are Up!
Is rising foreclosure activity really "good news"? That's exactly what some headlines are suggesting because more foreclosures could eventually create more housing inventory and lower home prices. But at what cost? In this video I break down why Southern California home sales have fallen below Great Recession levels, why more homeowners are quietly entering foreclosure, why sellers are refusing to lower prices, and why affordability—not a housing crash—is the real story. I also share insights from professionals I know who work directly in the foreclosure business and explain what they're…
The skinny
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