ATTOM reports an eighth month of rising foreclosure activity, and Byron Lazine clarifies that the numbers are rising from near-zero and still below normal.
Byron Lazine, Tom Toole, and Lisa Chinatti discuss their outlook for the rest of 2023, the 64% of Americans waiting for rates to drop, the shortage of homes for buyers with median incomes, why 7% is too high for today’s market, the next Fed meeting, and a Steve Harney Tweet on foreclosures.
ATTOM released its Year-End 2022 U.S. Foreclosure Market Report, which shows double the amount of foreclosures in 2022 compared to a year ago. Foreclosure starts are up year-over-year but still below pre-pandemic levels.
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