Behind the Headlines: Unpacking the Data On Foreclosures And Mortgage Delinquencies

Behind the Headlines: Unpacking the Data On Foreclosures And Mortgage Delinquencies

Are you curious about what's really going on with foreclosures and loans in forbearance? Worried about the next housing crash?

With sensational headlines about foreclosures and interest rates dominating the news cycle, it can be tough to get an accurate picture of the state of the housing industry. That's why I turned to the Black Knight Mortgage Monitor, the gold standard for analyzing the US mortgage market's strength.

In this comprehensive report, you'll discover the latest trends in home prices, loans in forbearance, and yes – even the potential for a foreclosure explosion. So if you're ready to cut through the noise and get a clear understanding of the mortgage market, keep reading – because the insights in this report are not to be missed.

Black Knight Mortgage Report Overview

In February, serious delinquencies improved nationally, with a 17K decrease and 45 states reporting reduced volumes.

How is the mortgage market?

In February, a 2% increase in the delinquency rate was caused by a rise in early-stage delinquencies, while serious delinquencies continued to decline. Foreclosure starts fell to 29K, ending a four-month upward trend. 5.1% of serious delinquencies began foreclosure actions. Prepayment activity increased slightly with purchases. The single-month mortality rate of .35% remains close to record lows.

National Delinquency Rate

The national delinquency rate refers to the percentage of mortgage loans that are past due or in default. It measures the overall health of the mortgage market and is often used as an indicator of potential economic problems, as rising delinquency rates can signal a weakening economy or housing market.

National Delinquency Rate

The baseline for this graph is plotted in light green, and it shows the average delinquency rate for the years from 2000 through 2005. The dark green line plots the actual delinquency rate for the past twenty-one years, while the gray line identifies the record low. Currently, US mortgage delinquencies are just above an all-time low.

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Mortgage Delinquency By Severity

Mortgage delinquency by severity refers to categorizing delinquent mortgage loans based on the number of payments the borrower has missed. Typically, mortgage delinquency by severity is divided into three categories:

  1. 30-day delinquency: The borrower is one month behind on their mortgage payment.

  2. 60-day delinquency: The borrower is two months behind on their mortgage payment.

  3. 90-day delinquency: When the borrower is three months or more behind on their mortgage payment.

Lenders and servicers use mortgage delinquency by severity to track and manage delinquent loans. This information can help them determine the appropriate actions, such as offering payment assistance or initiating foreclosure proceedings. We can use mortgage delinquency by severity as an indicator of the health of the mortgage market, as higher delinquency rates can signal potential economic problems.

Mortgage Delinquency By Severity

The national delinquency rate for mortgage loans increased by seven basis points to 3.45% in February. However, compared to the same month in the previous year, the delinquency rate decreased by 13%. The rise in delinquencies in February was mainly due to a 7.1% increase in borrowers who were 30 days past due. Although there was a decline of 46,000 delinquent borrowers in January, the increase in February left a net increase of 19,000 delinquent borrowers over the two-month period.

On the other hand, delinquencies for borrowers who were 60 days and 90 days past due decreased by 4% and 3%, respectively. Despite improving late-stage delinquencies, the overall delinquency rate worsened in 36 states and the District of Columbia.

Historically, March is the month that experiences the most significant monthly improvement in mortgage delinquency rates, with rates falling by around 10% in an average year. However, this year, potentially smaller tax refunds and new economic pressures may reduce the positive impact of tax refunds on delinquent payments.

Early Payment Default Date For FHA Mortgages By Vintage

Early Payment Default (EPD) is when a borrower with an FHA-insured mortgage loan becomes delinquent on their payments within the first 90 days of the loan origination.

EPD Date For FHA Mortgages By Vintage

The EPD rate is an important metric for lenders and investors in FHA mortgages because it can indicate potential issues with the loan origination process or underwriting standards. High EPD rates may suggest that the lender is originating loans to borrowers who may have difficulty making timely payments, which could result in losses for the lender and impact the overall health of the FHA insurance fund. Therefore, monitoring EPD rates is important for identifying potential areas of weakness in the origination process and implementing risk management strategies.

Newer FHA loans from 2022 have higher early payment default (EPD) rates than those from 2009 to 2019. 2.3% became delinquent within three months, and 9.3% within a year. The 2019 vintage had more 12-month delinquencies, and 2020 showed higher three-month delinquencies due to the pandemic. The 2021 and 2022 vintage EPD rates remain below those of 2005-2008 vintages, where delinquencies six months after origination ranged from 7% to 11%. This trend is worth monitoring to see how much friction will be created from cooling sales and higher mortgage interest rates.

Fed Funds Rate Outlook

The Fed Funds outlook refers to the anticipated direction and level of the Federal Reserve's target interest rate for overnight interbank lending. It is influenced by various economic indicators, such as inflation, employment, and GDP growth, as well as by the Federal Open Market Committee's (FOMC) monetary policy decisions. Investors closely monitor the Fed Funds outlook, economists, and financial institutions, as changes in the target rate can affect interest rates, economic activity, and financial market conditions.

Fed Funds Rate Outlook

In February, the Fed Funds rate outlook changed frequently, starting low but increasing due to strong economic news.

The banking crisis raised uncertainty around potential rate increases by the FOMC, affecting the Treasury rate and spread. Following the collapse of Signature Bank and Silicon Valley Bank, a 25 bps Fed Funds increase in March, and shifting FOMC forward guidance, the market now expects possible rate cuts later in the year. 

To say that chaos and confusion are today's standard is an understatement. We have more information that should clarify where mortgage interest rates are headed.

Rate-Lock Volume By Purpose

The mortgage industry tracks rate-lock volume by purpose to gain insight into the demand and activity levels for different types of loans. Rate lock volume is an important indicator of the number of loans that are in the pipeline and are likely to close, as borrowers typically lock in their interest rates when they are in the process of obtaining a mortgage.

Rate Lock Volume By Purpose

Another title for this graph could be "Don't Forget To Hug Your Mortgage Loan Professional." Just look at the decline in mortgage originations from just two years ago. The decline of home sales always hits mortgage professionals hard, but they are usually able to offset the decline in purchase originations with refinances. Note how the non-purchase activity stopped completely about a year ago.

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Payment-To-Income Ratio vs. 30-Year Rates

The payment-to-income ratio is an important metric in real estate sales because it shows the percentage of a borrower's income that goes toward their mortgage payments. This ratio helps lenders determine borrowers' ability to make mortgage payments and avoid default. By tracking payment-to-income ratios across the housing market, we can gain insights into the overall affordability of homes and the potential for a housing market downturn.

Payment-To-Income Ratio vs. 30-Year Rates

The median-priced home in the US now requires 33.2% of the median household income, similar to the 2006 market peak and much higher than the average of roughly 25%. This means that home prices are currently about 25% higher than what underlying incomes typically support at today's interest rates.

One way for affordability to return to long-run averages would take a 10% decrease in prices, a 5% increase in income, and a return to 5.25% interest rates on a 30-year mortgage. As some of the following material will show, holding out for a significant decline in home prices would not be prudent.

Monthly P&I Payment To Purchase Average Priced Home

Home affordability is below long-run averages in 49 of the 50 largest markets except Cleveland. 35% of markets require ten percentage points more than the median local market income to afford the median home, and the problem is far worse in some areas.

Monthly P&I Payment To Purchase Average Priced Home

Los Angeles (+28pp), San Diego (+21pp), Miami (+21pp), San Jose (+19pp), and San Francisco (+17pp) are the least affordable markets, and except for Miami, all have seen significant price declines due to rising interest rates.

If you did not catch the point, home affordability is tanking the hardest in California. When I produce videos for YouTube explaining US housing market conditions, invariably, Californians claim the bottom is falling out of the market. Unfortunately for them, it is.

I believe home affordability is among the most important topics to consider as we head into the next election cycle. My greatest concern is that we'll see consolidation in housing, and all but the wealthiest among us will be renting homes from a new "Amazon of housing."

Sales, Active Listings, And Months Of Inventory

February's home sales activity increased, suggesting we've hit a market bottom for home sales.

Sales, Active Listings And Months Of Inventory

Home sales were 18% below their pre-pandemic average in 2019, due to affordability pressures, and the number of homes available for sale decreased for the fifth consecutive month on a seasonally adjusted basis, reaching the lowest level since May 2020.

New Real Estate Listings

New listings were 27% below pre-pandemic levels, and active inventory levels are now 47% below pre-pandemic levels.

New Real Estate Listings

In February, 91 of the top 100 and 47 of the top 50 saw a decline in inventory. These low inventory levels are protecting home values. Unlike in 2006, when home sales declined, we are not seeing builder production send the market into a supply excess.

We have been under-building in the US for more than ten years, and the void in the availability of homes is the primary reason home prices are so high. As always in real estate, the supply and demand for homes determines the direction of home prices.

While higher mortgage interest rates have slashed the demand for homes, the declining supply has kept the market balance in favor of home sellers, meaning that in most areas over the long haul, we anticipate home prices rising.

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Black Knight Home Price Index

Home prices rose in February on both a non-adjusted and seasonally adjusted basis, breaking a streak of seven monthly declines.

Black Knight Home Price Index

In January and early February, home prices slightly increased due to a modest easing of affordability and tightening inventory levels.

Adjusted home prices were up 0.16% for the month, the strongest gain since May 2022, while non-adjusted prices were up 0.68%.

However, the percentage change in home prices over the past twelve months fell to 1.94%, the first time it has been below 2% since early 2012. Home prices are expected to fall into negative territory by April (April data will be released in early June), but may return above 0% before year-end if inventory challenges persist and interest rates ease.

Overall, home prices nationally are now down 2.6% from their 2022 peak, slightly better than January's 2.7%.

Change In Home Price Index From 2022 Peak

Home prices increased in 78% of the major housing markets across the country in February, a significant contrast from November when prices only rose in 4% of the markets. Despite the change in February, adjusted home prices are generally lower than their 2022 peaks, but the gaps between the prices and peaks narrowed in most areas.

This graph plots the change in the Home Price Index from the very top of the market through February. Can you spot a general trend?

Change In Home Price Index From 2022 Peak

Prices in cities such as San Jose, San Francisco, Austin, Seattle, and Phoenix have experienced the steepest pullbacks, with declines of over 10%. Additionally, Las Vegas, Sacramento, Salt Lake City, San Diego, and Los Angeles have all experienced declines between 7.5% and 10% from last year's peaks.

However, eight markets, including Louisville, Kansas City, Virginia Beach, Oklahoma City, Philadelphia, Hartford, Cincinnati, and Miami, have returned to their peak levels.

There seems to be an East-West divide in the US housing market, though it might be more accurately described as a California-The Rest Of The US divide.

According to CalMatters, In 2021, it was big news — the “California exodus.” Now, it just looks like the new trend: California's population is still shrinking. According to the latest population estimates from the U.S. Census Bureau, California's total population declined by more than 500,000 between April 2020 and July 2022.

HPI - Markets With Largest Declines

The following tables reiterate the East vs. West divide in the US housing market.

Markets With Largest Declines

In February, the number of markets with year-over-year price declines increased to 15 from 13 in January. Minneapolis (-0.3%) and Raleigh (-0.6%) have marginally declined from last year.

Among the markets with the steepest declines, San Jose (-13%), San Francisco (-11.9%), and Seattle (-10%) had the largest year-over-year declines.

Hartford, Kansas City, Virginia Beach, Cincinnati, and Philadelphia are rising up the ranks with relatively strong affordability and low inventory levels. In contrast, western markets, pandemic boom towns, and some Florida markets are cooling down.

Homeowner Equity On Mortgaged Properties

Home prices have softened, resulting in a contraction in mortgage holder equity, but it rebounded somewhat in February.

Homeowner Equity On Mortgaged Properties

Total mortgage holder equity is down $2T (12%) from its 2022 peak, and the tappable equity (the share available to lend/borrow against while still maintaining a 20% equity cushion) has dipped by $1.6T (15%).

Despite the decline, $9.3T in equity remained available to tap as of the end of February, which is still up 56% ($3.4T) over the past three years.

To put those trillions of dollars into perspective, the average mortgage holder has $178K in tappable equity, down from more than $210K early last year but still $61K (54%) above the market average three years ago. Overall, homeowners still have strong equity cushions, despite recent declines.

This kind of information on homeowner equity explains why we SHOULD NOT expect elevated rates of foreclosures any time soon. People who get behind on their mortgage payments, for the most part, can sell their homes, pay off their debt, and walk away with cash.

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Selling A Home In A Strong Sellers Market | AVOID This MISTAKE!
If you are getting ready to sell a home, you must avoid making a horrible mistake that I'm seeing every single day. As we continue in the midst of the strongest seller's market on record, one might assume that a home seller can do no wrong.
What Is Pre Marketing In Real Estate When Selling A Home?
What is pre-marketing in real estate when selling a home? When your home hits the market and it "goes live," how many buyers will be standing in line to get in? Will it look like an Apple store on the day the new iPhone is released? If not, why not? ... it's all in the video ??????
How To Determine The Value Of A Home With An Enclosed Garage
What is an enclosed garage worth? The evaluation is not always simple. There are many things that go into deciding how much extra value it adds.
Market Equilibrium, How The Balance Has Changed In Real Estate
The way we estimate housing market equilibrium has changed, and with it, the way the market is evaluated must change.
Who is responsible for determining the value of the home you want to buy?
If you are planning on buying a home now, or within the next three to six months, you are going to have all sorts of questions pop up for which you’ll want answers. Among the most important of these will have to do with figuring out what a home is worth. As a matter of fact, I was recently asked this question “Who is primarily responsible for determining the market value of the home you want to buy?” Questions about valuation are very common from buyers of all experience levels because nobody wants to overp
Need To Move? Buying vs. Renting Today
Wondering whether to buy a house or rent a house in 2022? I have created a simple real estate case study to help you make your next move confidently
How Often Do Home Prices Fall?
Are home prices falling? Will house prices fall soon? Home prices are soaring, buyers are having to pay above most sellers' asking prices, and the housing market feels just like a feeding frenzy during Shark Week on the Discovery Channel.
How The Fed Funds Rate Impacts Mortgage Interest Rates
Concerned about mortgage rates? This video shows the history of the fed funds rate and mortgage interest rates to see if a correlation exists that we can use for a real estate forecast.
Will Assumable Mortgages Save Housing?
Will assumable mortgages save housing? Home affordability is becoming one of the hottest topics in the economy, but I was recently asked if assumable mortgages might bring some relief to homebuyers. This video shares what I think about how mortgage assumption will impact housing.
Real Estate Negotiation Strategies For Each Market Condition
If you mishandle the negotiation on a home, several things will possibly happen, and all of them are bad. First and foremost, you’ll leave money on the table through either the sales price or the terms that are negotiated. Today, buyers are losing out on homes they want to buy and it’s often due to poor positioning in the negotiation. And while we are in the midst of a historic sellers’ market, I’m seeing sellers leave money on the table even when they have multiple offers! #realestatenegotiation #homenegot
How Much Should You Put Down On A House?
Need some downpayment advice? Want to know what to put down on a house? There are issues you might not have considered when determining a home down payment, but my home buying tips include a side-by-side comparison of some options that will help you make the best decision.
How To Get A Good Deal On A Home
Watch this short video before you buy a house to ensure you know whether to buy a home now or wait! This is the smart way to get a good deal on a house today.
Selling A Home In 2022? The Most Important Question You Must Ask
There is one singular issue that stands above all others when selling a home in a strong sellers' market. In this video, I walk you through the question and best answer to the most important question you should ask when selling a home.
Is Home Ownership A Hedge Against Inflation?
Could homeownership today still be a smart hedge against inflation? This is a study of real estate during inflation.
10 Home Inspection Issues And Tips
Moving from one home to another has enough stress and chaos built into the entire affair, and the home inspection is often the biggest stressor. Here's how to avoid home inspection stress!
Real Estate Appraisal Versus Fair Market Value Of A Home?
What is the difference between a real estate appraisal and the fair market value of a home? If there is one practice that confounds both home buyers and home sellers alike it's the fact that the majority of real estate transactions close at the mercy of an appraisal conducted for a purpose that most consumers do not consider. Understanding these differences will save you money when it comes to buying or selling a home, and it will help you appreciate the need and value of a real estate appraisal. But here’s
Top 7 Ways To Market Your Home For Sale Using Technology
Technology has opened up a world of possibilities for homeowners looking to market their property and attract potential buyers. In this video, we'll be sharing the top 7 ways to use technology to market your home for sale.
What You Should Know About School Zones When Buying A Home
What You Should Know About School Zones When Buying A Home - Buyers always ask about school zones, even when they do not have school-aged children. They understand that homes in the highest-rated school zones often fetch the most money, so they believe they are putting themselves in the best position for a future sale by purchasing a home in an acceptable school zone today. Unfortunately, this logic is flawed. If you are buying a home with no need for a school yet plan on including your opinion of the publi
Buy A Home Now Or Wait For 2024?
Are Home Prices Dropping? Will Rising Mortgage Interest Rates Bring Falling Home Prices? If you have been waiting for falling home prices, this is a very important video for you. Do you buy a home now or wait for 2023?
What Is A Real Estate Hot Sheet?
What Is A Real Estate Hotsheet? - When agents are new to the real estate industry, they are trained to monitor the " MLS Hot Sheet" every morning in order to stay informed of the inventory changes. So what is a real estate hot sheet, and can non-Realtors get access to it? ?? Link to the current real estate Hot Sheet: https://www.TallahasseeHotSheet.com Up until now, the hot sheet was proprietary information only available to paid members of the MLS. But recognizing that inventory is so low in the Tallahass
Leveraging Seller Financing to Expand Market Opportunities
Owner financing explained, also known as seller financing or seller carryback, is a creative alternative to traditional mortgage financing for real estate.
Ugly Real Estate Listing Pictures | Real Estate Photography Tips
I’ve got some funny, ugly real estate listing pictures to share with you today, along with some simple real estate photography tips. Take a humorous look at some of the WORST pictures I have seen used when marketing a home ... not the way to sell your house!
How To Sell A Home That Needs Repairs
How To Sell A Home That Needs Repairs - If you want to know how to sell a fixer upper house fast, then there are some fundamentals of selling a fixer-upper that you should understand. Ideally, in real estate sales, when selling a home, you should bring a house to market-condition before you sell your house fast in order to attain top dollar during the sale. But ideal situations are not always possible. If you follow the tips and advice in this video, you will know how to sell a fixer-upper house fast and in
First Right Of Refusal Meaning Explained
What is a right of first refusal? What does first right of refusal mean when dealing with a real estate contract? Accepting real estate contingencies without understanding them often causes home sellers problems. I have shared a real-world example of how we handled a first right of refusal real estate contract negotiation, and the decision-making process used to put the home seller in the best situation possible. Pay close attention to this short video and you’ll have a better understanding of the right to
What Does A Transaction Coordinator Do?
When you are selling a home or buying a home, a critical member of your support team is your transaction coordinator. Here's what to expect!
What Is A Seller's Market In Real Estate?
You might have heard that we have a huge seller’s market right now in real estate. Do you know what that means? This real estate frequently asked question comes up from time to time when somebody is buying a home or selling a home. They want to know if its a buyer’s market or a seller’s market. Is now a good time to buy a home in the Tallahassee real estate market? I have prepared this short video to demonstrate the conditions that make this a seller’s market, and then we’ll show you the numbers and how we
How Much Margin For Negotiation Should I Include In My Asking Price?
I was recently asked "How much margin for negotiation should I include in my asking price?" This is a common question from experienced home sellers. They have sold homes in the past and understand the negotiation process involves a game of give and take, so doesn’t it make good sense to start with a little wiggle room in your price so that you can give it to the buyer to secure a sale? Here's what you should know. I explain EXACTLY how much margin for negotiation you should add to the price of your home t
How Long Does It Take To Sell A Home In 2021?
How long does it take a home to sell in 2021? I've been asked this question a lot recently, and it made me realize a full explanation was in order. Why? Because if you understood how to sell a home for top dollar, you would know that it is a trick question. Trust me on this. Invest the few minutes it takes to watch the video and you'll have a better understanding of selling a home than do most people in the real estate industry (and I'll prove it!).
20 Percent Down On A Home?
Learn how to decide how much you should put down on a house. Here is some down payment advice that might help you keep some cash in your pocket.
How Many Times Will A Home Seller Counter Offer?
This real estate frequently asked question is from a recent home buyer. If you are about to buy a home in Tallahassee Florida or beyond and you’re trying to better understand how the real estate negotiation process will work, then understanding how to better control the negotiation is going to keep some of your hard-earned money in your pocket!
Real Estate Is Local - What This Means!
If you plan on buying a home, or selling a home, you’ll want to understand the local nature of real estate and use it to your advantage.
5 Ways To Handle The House In A Divorce
If there is one thing that I see divorcing couples doing wrong more often than not, it is the decision on how to handle the house where the couple has lived. While I am not a lawyer and I'm not dispensing legal advice, take it from somebody who has helped hundreds of divorcing couples, there is a right way (and FOUR wrong ways) to handle the house in a divorce. Tell your attorney that you want to do it right!
What Is A Swimming Pool Worth?
What Is A Swimming Pool Worth? Recently, a customer buying a home asked me a simple question. She inquired “how much does a pool add to the value of a home?” Pretty simple question, right? Well, by the end of this short video, you’ll know the not-so-simple answer (and why this is so important).
How Digital Has Changed How We Sell A Home Today
Time to sell a home? The digital age has had a huge impact on what homeowners must do to get top dollar when selling their home. In this video, Joe Manausa explains why and how things have changed, and then lays out the plan for what home sellers must do.
How To Subscribe To The Joe Manausa Real Estate Channel On YouTube
Have you subscribed to the Joe Manausa Real Estate Channel on YouTube? It's a "must" for people who are planning to sell or buy a home in the near future. Just click subscribe to get started, and the bell icon, so that you never miss anything!
How To Buy Your First Home - Step By Step
How To Buy Your First Home - Step By Step - The home buying process from start to finish. Walkthrough the entire homebuying process, great for first time homebuyers and anyone buying a home this year. This is Home Buying 101.
Get More Money For Your Home
In order to understand how to get more money from a house sale, one must learn about the neighborhood stalker.
Are Wages Keeping Up With Rising Home Prices
Home prices are rising. Mortgage interest rates are rising. Are people earning enough money to buy homes today, or is the home affordability crisis getting worse?
How To Use Price Per Square Foot When Valuing A Home
Price per square foot is a measurement of a home's value, but the price per square foot alone is not an effective way to determine the price a home will sell in today's housing market.

Distribution Of Equity Withdrawals

It is prudent to track the distribution of equity withdrawals in the US mortgage market because it can provide insight into consumer behavior and economic trends. When homeowners withdraw equity from their homes, they often use it for consumption or investment purposes, which can impact the overall economy.

Distribution Of Equity Withdrawals

In the fourth quarter of 2022, more than 60% of borrowers who added a second lien to withdraw equity had taken out their first lien in 2020 or 2021. This makes sense because they locked in near-record-low first lien rates and have seen considerable home price gains since taking out their mortgages.

When I look at this graph, it is apparent that a lot of cash entered the economy in 2020 and 2021. Coupling that with the economic stimulus provided for COVID relief makes me wonder if our economy might be due for a hard downturn, as it's not likely we'll see as many homeowners tapping into their home equity with today's higher mortgage interest rates.

Active Forbearance Plans

The forbearance actions initiated during the COVID-19 pandemic provided critical relief to millions of borrowers struggling to make payments due to job losses, reduced income, and other pandemic-related challenges. The forbearance programs allowed borrowers to temporarily pause or reduce their monthly payments without penalty, helping them avoid default and foreclosure.

Active Forbearance Plans

As of now, it is difficult to provide a final verdict on the forbearance actions as the programs are ongoing, and their long-term impact on borrowers and the economy remains to be seen. However, initial data and reports suggest that the forbearance programs have successfully prevented widespread default and foreclosure.

Current Status Of Loans That Have Left COVID-19 Forbearance Plans

When five million borrowers jumped into forbearance plans, we were immediately inundated with reports claiming that the housing market would soon be flooded with foreclosures from people who lost their jobs.

Current Status Of Loans That Have Left COVID-19 Forbearance Plans

If you look back at what I wrote as the COVID-19 pandemic swept through the US in early 2020, I was confident that the low inventory of homes and the equity in the housing market would protect us from a foreclosure crisis. This graph proves that I was correct.

Only the tiny slivers of black and dark gold represent the "wave of foreclosures" that was supposed to be as many as eight million homes (but has been well below 200,000). There are about 630,000 homes that remain in a delinquent status, but the market has seen equity increase by more than 30% since they were started, so you can bet that many will be able to sell without entering foreclosure.

As always, if it bleeds, it reads, so the articles that promised doom and gloom were widely popular. But wrong.

Stick With The Facts

The housing market is terribly unhealthy, but ill health is due to a lack of homes and the resulting soaring home affordability crisis.

Reports of an impending foreclosure wave were fabricated to generate views and are not based on actual data regarding the strength of the US housing market and mortgage pipeline.

The national delinquency rate remains near a 21+ year low, and there is a historically low supply of homes in the US. It's unlikely that masses of people will lose their homes to foreclosure sales, as the market has gained significant equity over the past three years.

Home prices are relatively stable, and most of the US continues to see home prices rise and homeowner equity grow, with California being an exception. Don't be swayed by hype reports; the facts are in the data we update here weekly.

Wealth Gap Widens Luxury Home Market Booms Unprecedentedly
This luxury home market report shows that high-end homes are selling better than ever. 7 essential graphs that tell the story of the luxury home market.
6 Tips For Selling A Home In 2022
This ain't your grandpa's real estate market, the process for selling a home and getting top dollar have changed so much. It starts with knowing the best way to sell your house. There are home selling tips and tricks you can use.
5 Ways To Handle The House In A Divorce
If there is one thing that I see divorcing couples doing wrong more often than not, it is the decision on how to handle the house where the couple has lived. While I am not a lawyer and I'm not dispensing legal advice, take it from somebody who has helped hundreds of divorcing couples, there is a right way (and FOUR wrong ways) to handle the house in a divorce. Tell your attorney that you want to do it right!
How Digital Has Changed How We Sell A Home Today
Time to sell a home? The digital age has had a huge impact on what homeowners must do to get top dollar when selling their home. In this video, Joe Manausa explains why and how things have changed, and then lays out the plan for what home sellers must do.
What Is Pre Marketing In Real Estate When Selling A Home?
What is pre-marketing in real estate when selling a home? When your home hits the market and it "goes live," how many buyers will be standing in line to get in? Will it look like an Apple store on the day the new iPhone is released? If not, why not? ... it's all in the video ??????
Midtown Tallahassee Luxury Home Sale
An entertainer's dream yet cozy and inviting with plenty of space for everyone, minutes to downtown Tallahassee. Along with 4 generous bedrooms, there's a light and bright home office, lovely sitting room, and functional bonus room that could easily be a second office, exercise room, nursery, or craft room.
Ugly Real Estate Listing Pictures | Real Estate Photography Tips
I’ve got some funny, ugly real estate listing pictures to share with you today, along with some simple real estate photography tips. Take a humorous look at some of the WORST pictures I have seen used when marketing a home ... not the way to sell your house!

There are a lot of people who endorse Joe for the job of selling your home, from Barbara Corcoran (Star of ABC's Shark Tank) to Preston Scott (host of Tallahassee's top daily "Audio Magazine," as well as the thousands of happy customers Joe has helped in the past. Listen why!

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