Home Equity is Far Greater Than Mortgage Debt
And this equity cushion is a big reason why we’re not headed for a foreclosure crisis. Basically, today’s mortgage debt doesn’t mean a housing bubble is brewing.
On top of that, the number of people falling behind on their mortgages is minimal. And stable jobs are helping more people make their monthly payments.
So, there’s no need to worry about a big wave of foreclosures. This market isn’t headed for a crash.
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