Some Highlights.
- With ongoing high inflation pushing up everyday costs in cities like Chicago, some people are worried that’ll create a wave of foreclosures in the real estate market. Here’s why that’s unlikely.
- Fewer people are seriously behind on mortgage payments right now. If a wave of foreclosures were anticipated, we would witness a higher number of people falling late on their payments.
- Since most in Chicago and other cities are paying on time, a wave isn’t coming. If you’re concerned about a flood of foreclosures affecting the real estate market, the data shows that’s not likely.
If you want to discuss more, contact real estate experts at KM Realty Group LLC, Chicago.
