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Why Today’s Foreclosure Numbers Are Nothing Like 2008

Why Today’s Foreclosure Numbers Are Nothing Like 2008

by Linda Richardson | Apr 27, 2023 | Distressed Properties, Foreclosures, Housing Market Updates

You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know...
Why Today’s Housing Market Isn’t Headed for a Crash

Why Today’s Housing Market Isn’t Headed for a Crash

by Linda Richardson | Feb 10, 2023 | Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates

67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news. Current data shows today’s market is...
Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

by Linda Richardson | Nov 30, 2022 | Distressed Properties, For Buyers, For Sellers, Foreclosures

With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early...
Why the Forbearance Program Changed the Housing Market

Why the Forbearance Program Changed the Housing Market

by Linda Richardson | Aug 8, 2022 | Distressed Properties, Foreclosures, Housing Market Updates

When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program...
What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

by Linda Richardson | May 12, 2022 | Distressed Properties, Foreclosures, Housing Market Updates

While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help homeowners financially during the...
There Won’t Be a Wave of Foreclosures in the Housing Market

There Won’t Be a Wave of Foreclosures in the Housing Market

by Linda Richardson | Jan 6, 2022 | Distressed Properties, Foreclosures, Housing Market Updates, Pricing

When mortgage forbearance plans were first announced and the pandemic surged through the country in early 2020, many homeowners were allowed to pause their mortgage payments. Some analysts were concerned that once the forbearance program ended, the housing market...
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Branch NMLS ID #1848823, 27413 Tourney Road Suite 160 Valencia, CA 91355 855) 202-9227 | Equal Housing Lender | NMLS Consumer Access | Privacy Notice | Terms | Texas Consumer Complaint Disclosure
City 1st Mortgage Services, LLC. (www.nmlsconsumeraccess.org) is an equal opportunity lender. An FHA-approved lender, a California financial lending institution licensed by the California Department of Business Oversight under the California Residential Mortgage Lending Act and is not the FHA, which is a government agency, nor working on behalf of the FHA.