Why Today’s Foreclosure Numbers Are Nothing Like 2008

Why Today’s Foreclosure Numbers Are Nothing Like 2008

by The Peggy Patenaude Team | Apr 27, 2023 | Distressed Properties, Foreclosures, Housing Market Updates

You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know...
Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

Why There Won’t Be a Flood of Foreclosures Coming to the Housing Market

by The Peggy Patenaude Team | Nov 30, 2022 | Buyers & Sellers, Distressed Properties, Foreclosures

With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early...
Why the Forbearance Program Changed the Housing Market

Why the Forbearance Program Changed the Housing Market

by The Peggy Patenaude Team | Aug 8, 2022 | Distressed Properties, Foreclosures, Housing Market Updates

When the pandemic hit in 2020, many experts thought the housing market would crash. They feared job loss and economic uncertainty would lead to a wave of foreclosures similar to when the housing bubble burst over a decade ago. Thankfully, the forbearance program...
What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

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

by The Peggy Patenaude Team | May 12, 2022 | Distressed Properties, Foreclosures, Housing Market Updates

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...
Why a Wave of Foreclosures Is Not on the Way

Why a Wave of Foreclosures Is Not on the Way

by The Peggy Patenaude Team | Nov 4, 2021 | Distressed Properties, Foreclosures, Housing Market Updates

With forbearance plans coming to an end, many are concerned the housing market will experience a wave of foreclosures similar to what happened after the housing bubble 15 years ago. Here are a few reasons why that won’t happen. There are fewer homeowners in trouble...

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