Foreclosures Increase. Tariffs Hit. Is The Housing Market in Trouble?
Foreclosures Increase. Tariffs Hit. Is The Housing Market in Trouble? Last week was filled with market volatility with Trump's "Liberation Day" announcements. This impacted mortgage rates in a positive way, but all that changed as we entered into this week. Phoenix is seeing a 50% increase in pending foreclosures year over year. This is something to track, especially as we start to see unemployment increase.
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Caitlin McKeague
Broker Associate BRBR679010000