Is the Housing Market Showing Cracks?

📉 The U.S. housing market has been strong, but new data suggests it may be showing the first signs of stress.

Mortgage delinquencies—especially among first-time buyers and lower-income homeowners—are rising. While we’re not at 2008 crisis levels, affordability issues are hitting hard. If you’re thinking about buying or selling, now is the time to pay attention.

📊 Mortgage Delinquencies Are Rising

Recent reports show more homeowners are struggling with payments, particularly those with FHA and VA loans:

✅ FHA delinquencies jumped 74 basis points in late 2024.✅ VA loan delinquencies increased 80 basis points.✅ 2.2 million mortgages are delinquent or in foreclosure.

Why does this matter? FHA and VA loans are widely used by first-time homebuyers, meaning affordability issues are affecting those new to the market the most.

💭 Is This Another 2008?

Not yet—but cracks are forming.

During the 2008 crash:🚨 Subprime mortgage defaults hit 22%+🚨 Overall delinquency rate soared to 11.54%

Today, the mortgage delinquency rate is around 4%—higher than last year but far below crisis levels.

📉 On a 1-10 scale (1 = perfect, 10 = 2008 crisis), we’re at about a 4 or 5.

⚠️ What’s Causing the Pressure?

Homeowners are facing financial strain due to:

📈 High mortgage rates (still above 6%)💸 Inflation & rising living costs🏡 Higher property taxes & insurance💳 Increased consumer debt

If job losses pick up in 2025, we could see even more foreclosures later this year.

💡 What Does This Mean for You?

If you're thinking about buying or selling, timing matters. Whether the market shifts up or down, strategy is key—and that’s where I come in.

✔️ Buyers: I’ll help you find the best opportunities in a changing market.✔️ Sellers: I’ll help you price and position your home before conditions shift.✔️ Investors: This could be a time to watch for new deals.

📩 The market is shifting—let’s talk about what that means for YOU.

💬 Call, text, or message me today!