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Robert 'The Rebelbroker' Whitelaw is a real estate broker and Realtor® in Morgan Hill, California with over 25 years experience! His show discusses some of the best ways to achieve your real estate goals and build wealth for buyers, sellers, investors, entrepreneurs or just real estate watchers - from an insiders perspective.

Over the years, Robert has been lucky enough to work with successful entrepreneurs from all walks of life and industries. Get a chance to hear what he has learned from these amazing entrepreneurs over the years that will help YOU achieve success! Robert is about keeping things honest (even when that means saying the things that nobody else is willing to say) and providing value to listeners with each and every episode! He won't just drop the news on you, he will translate it into actions you can take as a buyer, seller, investor or entrepreneur in your own life to get the most out of that shared knowledge! Knowledge is power and Robert believes in cranking it up to 11!

So tune in for helpful information no matter how you are working to achieve financial freedom!

It's real estate, totally unafraid!

 

CBRE - 00984909

Apr 4, 2022

In todays show we look at the real Foreclosures in 2022 data and just how worried you should be!

 

The Current Headlines

​We are all busy. Which means that we spend a great deal of time skimming the news rather than reading it. Of course, that means we will frequenly get left with the wrong impression when it comes to what is actually going on.

Herea are the headlines from a few popular news sources:

  • U.S. FORECLOSURE ACTIVITY IN JANUARY 2022 HIGHEST SINCE BEGINNING OF COVID-19 PANDEMIC
  • U.S. foreclosures are the highest since pandemic’s start

  • Foreclosures are on the rise. Here’s what that says about the housing market

The Actual Numbers

While many of those headlines are accurate, they do not paint a real picture of where we are with foreclosures. For the past two years, we have seem the lowest foreclosure rates for at least the last 17 years. The folks over at ATTOM - considered the very best source for this kind of data, included this image in a recent post.

ATTOM Foreclosure Data

So when these news outlets compare the current rate of foreclosure to last month or last year, remember that the last two years have had ridiculously low foreclosure rates. Even if foreclosures in 2022 double - we are below .5%. We would have to see foreclosure rates TRIPLE just to hit 2019 levels, which were already the lowest in at least 14 years.

So check out todays show as we explore this data and try to calibrate what we should be thinking about.