US Homeowners Getting Better!
According to a recent survey, the number of US Homeowners behind on their mortgage payments has decreased to a 3 year low. This seems to be further evidence of a strengthening housing market in that we are clearly working through the borrowers who were placed into mortgages in which they could not afford. Going forward, foreclosure rates are expected to continue to decline. With today’s all time low mortgage rates, more and more people have decided to make their investments into Real Estate. This is all very encouraging news for the stabilization and return of our housing market to historical viability.
