by Calculated Threat on 12/13/2024 09:57:00 AM
At this time, within the Calculated Threat Actual Property E-newsletter: Q3 Replace: Delinquencies, Foreclosures and REO
A quick excerpt:
We’ll NOT see a surge in foreclosures that will considerably affect home costs (as occurred following the housing bubble) for 2 key causes: 1) mortgage lending has been strong, and a pair of) most owners have substantial fairness of their houses.
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This graph exhibits the nominal greenback worth of Residential REO for FDIC insured establishments primarily based on the Q3 FDIC Quarterly Banking Profile launched yesterday. Observe: The FDIC reviews the greenback worth and never the full variety of REOs.The greenback worth of 1-4 household residential Actual Property Owned (REOs, foreclosures homes) was principally unchanged YOY from $747 million in Q3 2023 to $765 million in Q3 2024. That is traditionally extraordinarily low.
There’s way more within the article.
