U.S. Housing Market Stability: Foreclosure Trends
Appraisal Buzz
JULY 26, 2024
Though home prices have plateaued in many areas, they remain near record highs across the United States. According to the opinions of LendingTree staff writer Jacob Channel, with steep housing costs, some Americans may recall the dramatic price surges of the early to mid-2000s, which preceded the Great Recession of 2007-2009. This historical comparison might incite panic, as the Great Recession led to significant home value declines and numerous foreclosures.
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