😨 Downturn Drives Foreclosure Fears
Unlocking potential in a market of fears
Wall Street's been biting its nails, watching the economic indicators like a hawk and, frankly, the view's not great.
We're hearing a lot about this looming recession, with experts predicting everything from job cuts to a drop in what folks are spending.
And with the National Association for Business Economics practically painting the town red with recession warnings, we might be in for a bumpy ride.
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Now, as if on cue, the housing market's started to wobble, reminding us all of those not-so-fond memories from the last big financial oops.
Home foreclosures are on the rise, painting a particularly bleak picture in states like New Jersey, Illinois, and Ohio.
This uptick in foreclosures could spell trouble, but for distressed asset investors, it might just be a signal to get ready for some unexpected opportunities.
But wait, there's more. On one hand, we've got tight rental markets and on the other, some counties look like they're ready to roll out the welcome mat for single-family rental investors.
In this edition of the AltReports:
🎢 Recession Rollercoaster
🔨 Auction Action
🛏️ Apartment Agony
😱 Rental Ruckus
💸 Building Blunder
Video of the Week: HUGE Changes are Happening in the US Housing Market
Chart of the Week: Banks With the Highest Exposure to Commercial Real Estate
Podcast of the Week: 150+ Deals in 3 Years and Why You DON’T Want to Be a Landlord
Wall Street's got the jitters. Recession rumors are buzzing louder than a beehive in a megaphone.
Brace for impact because if the economy does a faceplant, aka a "hard landing," we're talking serious levels of unemployment.
The National Association for Business Economics is all pencils and panic, with nearly all waving the recession red flag.
Home Foreclosures are Soaring Nationwide – and Rising Fastest in These 5 States
Oh boy, looks like homeowners are playing hot potato with their houses again.
You'd think we all learned a thing or two from the last housing hiccup, but nope.
Some states, looking at you New Jersey, Illinois, and Ohio, are winning the race nobody wants to win, with foreclosure numbers there skyrocketing
4 of the Most Competitive Rental Markets in the Country Added Virtually No New Apartments Last Year
Not enough apartments are being built in the US, especially in the most popular States.
As a result, rents are near all-time highs, and the only thing thinning faster than your wallet is the available housing stock.
In 2024, loading up a U-Haul to Nowheresville sounds pretty tempting if the alternative is selling your plasma to make rent in the big city.