Foreclosures are up 150%? But …. Wait…Seriously… Back The Truck Up!

CBS Market watch has reported on a dramatic one hundred and fifty percent increase in foreclosure filings. Oh here we go… it’s 2008 and housing is about to crash, right? Wrong. Let’s take time to remember that there has been a foreclosure moratorium; the banks couldn’t foreclose during covid, so while foreclosure are in fact up over last year, they are still at the second lowest rates they have been in 15 years.

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