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New York City Realtor KAREN KOSTIW

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Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]

August 18, 2023

 

Some Highlights

  • With ongoing high inflation pushing up everyday costs, some people are worried that it’ll create a flood of foreclosures. Here’s why that’s unlikely.
  • Fewer people are seriously behind on mortgage payments right now. If foreclosures were going to rise a lot, more people would need to be late on their payments.
  • Since most are paying on time, a wave isn’t coming. If you’re concerned about a flood of foreclosures, the data shows that’s not likely.

 

Other educational articles about the market and your home search are under Karen’s Blog.  Additionally, explore the search bar for other topics of interest.

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124 Hudson Street
New York NY, 10013


Karen Kostiw
(917) 524-4152 Cell
(212) 327-9622 Office
(646) 422-4083 Fax

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