Foreclosure Crisis Review

Dated: 07/24/2017

Views: 137

Image title

As we find ourselves getting back to 2005 levels within the next year or so, we cannot forget what caused the 2010 spike.


In 2010, 7.7 million families lost their homes to foreclosure, 1.2 million homes finalizing foreclosure throughout this crisis.


But why?


Dr. Frank Nothaft, Chief Economist for CoreLogic, says this:


“As we look back over 10 years of the foreclosure crisis, we cannot ignore the connection between jobs and homeownership. A healthy economy is driven by jobs coupled with consumer confidence that usually leads to homeownership.”


With the consumer confidence and jobs going up, the foreclosure rate will continue to come down.

Julie Baldino - Owner-Managing Broker

Julie Baldino is a seasoned veteran of the Pacific Northwest real estate industry, and has consistently been in the top 10% in sales for over a decade in 2 states. In order to accommodate a rapidly ex....

Want to Advertise on this Site?

Latest Blog Posts

Foreclosure Crisis Review

As we find ourselves getting back to 2005 levels within the next year or so, we cannot forget what caused the 2010 spike. In 2010, 7.7 million families lost their homes to foreclosure, 1.2

Read More

4 Rules For Getting Your Home Sold

Today I wanted to talk to about four rules you need to remember when listing your home for sale.Looking to buy a home? Search all homes.Looking to sell a home? Get a FREE home value report.Today I

Read More

How We Helped Beth Buy A Home In Rain Sleet Or Snow

“Basically, I just cold-called Front Door Realty. I saw them on Google and I ended up working with Tracy. She was wonderful, she was persistent, she was tenacious, she was right there whenever we

Read More

Two Questions To Answer If You Are Thinking Of Downsizing

1- What kind of lifestyle would I like?Since most people who downsize tend to use the profits half for the downpayment of their new, smaller home and half for vacations and putting away for a

Read More