Foreclosure Activity Continues to Increase - Foreclosure Starts Up 167 % Y-O-Y

Recent data from Q3 2022 stated that overall US Foreclosure Activity is on an upward trend. In fact, Foreclosure Starts have increased 167 % Year Over Year when compared to 2021. This increase should come as no surprise as the US Housing Market is working its way back to normalcy. Some will say that the volume is down compared to previous years, which is true, however those that are focusing on the recent volume are not factoring in the future waves that are on the way. The Foreclosure statistic arena is not easy to figure out, with many published stats no more than estimates and extrapolations. Suffice to say that the current Housing Market is going through a "Corrections" and the future waves for Foreclosures will push it to a "Crash".