Don't Expect a Wave of Foreclosures

Dated: August 24 2023

Views: 105

Don’t Expect a Wave of Foreclosures [INFOGRAPHIC]




Some Highlights

  • With ongoing high inflation pushing up everyday costs, some people are worried that'll create a flood of foreclosures. Here's why that's unlikely.
  • Fewer people are seriously behind on mortgage payments right now. If foreclosures were going to rise a lot, more people would need to be late on their payments.
  • Since most are paying on time, a wave isn’t coming. If you're concerned about a flood of foreclosures, the data shows that's not likely.

Top Minnesota Real Estate Team

Blog author image

Cindy and Farrah Welu

Cindy has been a leader in Real Estate in the Twin Cities market for over 23 years. The Welu Home Team (formerly the Joe and Cindy Team) has set the pace for sales performance in many neighborhoods an....

Latest Blog Posts

Some Homes Deserve More - This Home Got Its Own Song!

Every home has a story. But every once in a while, a home comes along with so much personality, so many special spaces and such a wonderful setting that a traditional listing simply doesn't tell the

Read More

Lake Minnetonka Real Estate Market Update: What 2025 Is Telling Us

The Lake Minnetonka real estate market continued to evolve in 2025, and the latest data reveals a market that’s still strong—but shifting in ways both buyers and sellers should.

Read More

Minnetonka By the Numbers: 2025 vs 2024

Link to Short Video With the Numbers: Minnetonka MN Real Estate 2025 vs 2024The Minnetonka real estate market continues to show strength in 2025, with steady growth across several key.

Read More