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, reach out to real estate experts at KM Realty Group LLC, Chicago.
