Reagendando para futuro
You might be wondering: how can there be fewer foreclosures today, even with the rising cost of living?
The answer lies in homeowners’ increased equity.
Unlike in 2008, homeowners now have significantly more equity built up in their properties. This equity serves as a safety net, helping many homeowners avoid foreclosure when facing financial challenges. If someone is struggling to keep up with mortgage payments, they often have the option to sell their home, sidestepping foreclosure entirely.
https://lnkd.in/dwnheUBw
This is a marked difference from the 2008 housing crisis, where many homeowners owed more than their homes were worth, leaving them with fewer options.
#firstam #firstamericantitle #realestatemarket #homeequityReagendando para futuro<br>You might be wondering: how can there be fewer foreclosures today, even with the rising cost of living?<br><br>The answer lies in homeowners’ increased equity.<br>Unlike in 2008, homeowners now have significantly more equity built up in their properties. This equity serves as a safety net, helping many homeowners avoid foreclosure when facing financial challenges. If someone is struggling to keep up with mortgage payments, they often have the option to sell their home, sidestepping foreclosure entirely.<br>https://lnkd.in/dwnheUBw<br>This is a marked difference from the 2008 housing crisis, where many homeowners owed more than their homes were worth, leaving them with fewer options.<br>#firstam #firstamericantitle #realestatemarket #homeequity
