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Foreclosure Volume Expected to Rise Slightly to Close Out 2023

Foreclosure Volume Expected to Rise Slightly to Close Out 2023
dsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dsnews.com Daily Mail and Mail on Sunday newspapers.

More Than 30% of Distressed Property Buyers Anticipate Prices Slipping in 2023

More Than 30% of Distressed Property Buyers Anticipate Prices Slipping in 2023
dsnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dsnews.com Daily Mail and Mail on Sunday newspapers.

Distressed property buyers expect prices to drop

But more potential owner-occupants are entering this market as a result of tight housing market conditions, Auction.com found.

Foreclosure auctions to rise 24% this year

This represents a gradual rise in activity, not the tsunami that many feared would take place as COVID-era moratoriums wind down, Auction.com said.

Expect a foreclosure spike in the coming months

Distressed mortgages dating back to the height of the pandemic are expected to fuel a jump in foreclosure activity over the next 12 months. Distressed mortgages dating back to the height of the pandemic are expected to fuel a jump in foreclosure activity over the next 12 months.

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