June 2024 Foreclosure & Mortgage Delinquency UPDATE

Here’s the latest news regarding foreclosures and mortgage delinquencies in the United States. In today’s video, I share the states and cities that have the highest rates of foreclosures and late payments and the areas that have the lowest rates. I also discuss equity and negative equity figures as well as some concerns I have about the US economy that could impact the housing market.

Here’s your latest US foreclosures update! See the links below for the sources of the reports. Thank you for watching the video! I appreciate you. Please like, share this video and subscribe!

Watch THIS Before Purchasing a Foreclosure:
https://youtu.be/a1fbIccCfGs?si=hZWJWWUEpumWZ8KR

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Compilation of Housing Market Forecast videos:
https://youtube.com/playlist?list=PLiQQpOejscIcBF1Jw2zG6Uvg7qDav_oGi

Here are the reports I went over in today’s video: https://www.icemortgagetechnology.com/resources/data-reports/first-look-at-april-2024-mortgage-data

https://www.attomdata.com/news/most-recent/u-s-foreclosure-activity-sees-a-monthly-increase-in-may-2024/

https://www.corelogic.com/intelligence/homeowner-equity-insights-q1-2024/

https://fred.stlouisfed.org/series/REVOLSL

https://fred.stlouisfed.org/series/DRCCLACBS

https://fred.stlouisfed.org/series/PSAVERT

To give you a quick mortgage interest rates update, according to the Mortgage News Daily the average 30yr fixed rate mortgage is around 7% for the current mortgage rates (at the time of filming this video for borrowers with exceptional credit).

Comment below: what’s your housing market forecast? Do you think a housing crash will happen or are your housing market predictions that the real estate market and home prices will continue to surge?

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Jason Walter, CPA (inactive CPA lic 103885)
Sacramento real estate agent and native (DRE 01923240)
Mortgage Loan Officer, NMLS 2566691
Revest Homes (DRE 02174879, NMLS 2362319)
[email protected]

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Disclaimer:
Jason Walter is not a practicing tax accountant or a licensed attorney or financial adviser. Therefore, the information in these videos shall not be relied upon as tax, legal, or financial advice from a qualified perspective. If you need such advice, please contact a qualified tax accountant, attorney, or financial adviser. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. You expressly agree not to rely upon any information contained in this video - it is for entertainment purposes only.

This video description may contain affiliate links that allow you to easily find the items mentioned in my videos as well as support the channel at no cost to you. Thank you for your support! Jason Walter is a licensed real estate agent and mortgage loan originator with Revest Homes in California (DRE 02174879, NMLS 2362319).

For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Equal housing lender.

#foreclosures #housingmarket #foreclosedhomes


Did you miss our previous article...
https://trendinginrealestate.com/real-estate-trends/it-just-happened-today