If you’re worried there’s a big wave of foreclosures coming and it’s gonna crash the housing market, let me put your mind at ease.

I’ve got some data that gives us a good picture of what's really on the horizon. And guess what? It’s not going to be a flood of foreclosures.

This graph shows the number of mortgages that are seriously delinquent is declining. If you’re wondering what that means, it’s a mortgage that is three monthly payments or more past due, or one already in the process of foreclosure. This decline tells us there are actually fewer people who are not paying their mortgage today than there were at the beginning of last year, by a lot. And that means a wave of foreclosures isn’t coming.

If you want to know more about what’s going on in our area, let's connect. I keep my eye on the data to figure out what could happen in the housing market, so I can help you stay one step ahead of the news.