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

Written by Jupiter Florida Mortgage Syndicated User on May 13, 2022. Posted in Distressed Properties, Foreclosures, Housing Market Updates, Jupiter Florida Mortgage Rates, Jupiter Mortgage.

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 uncertainty created by the health crisis. When the forbearance program began, many experts were concerned it would result in a wave of foreclosures coming to the market, as there was after the housing crash in 2008. Here’s a look at why the number of foreclosures we’re seeing today is nothing like the last time. 1. There Are Fewer...

Why This Housing Market Is Not a Bubble Ready To Pop

Written by Jupiter Florida Mortgage Syndicated User on April 22, 2022. Posted in For Buyers, For Sellers, Foreclosures, Housing Market Updates, Jupiter Florida Mortgage Rates, Jupiter Mortgage, Pricing.

Homeownership has become a major element in achieving the American Dream. A recent report from the National Association of Realtors (NAR) finds that over 86% of buyers agree homeownership is still the American Dream. Prior to the 1950s, less than half of the country owned their own home. However, after World War II, many returning veterans used the benefits afforded by the GI Bill to purchase a home. Since then, the percentage of homeowners throughout the country has increased to the current rate of 65.5%. That strong desire for homeownership has kept home values appreciating ever since. The...