Are you holding out from buying a home in the hopes that the housing market is going to crash thereby bringing home prices down? Here’s a look at what the data tells us.

Lending standards have tightened, leading to more qualified buyers who can afford to make their mortgage payments. Data from Freddie Mac and Fannie Mae shows the number of homeowners who are seriously behind on their mortgage payments is declining.

The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed. Let’s look at the latest information with context so we can see how this compares to previous years.

The pandemic profoundly changed real estate over the last few years. The demand for a home of our own skyrocketed as people needed a home office and a big backyard. Now, things are getting back to normal. The ‘unicorns’ have galloped off.