Foreclosures in Texas | 2023

In this episode, we're joined by real estate and mortgage veteran Tarl Anderson to discuss the rise in Texas foreclosures for 2023. With 20 years in the industry, Tarl highlights how foreclosures serve as a market stabilizer and warns of potential imbalances due to current government policies and economic shifts. While today's quality of loans differs significantly from those before the 2008 crisis, Tarl predicts an increase in foreclosures due to escalating costs of living, low down payments, and the potential for economic downturn. As unemployment rates are historically low, any increase could tilt the scales, leading to more foreclosures and impacting the real estate market. Both experts agree that rates will eventually come down to balance out market forces, but the timeline remains uncertain.
Link to power point slides discussed in presentation: docs.google.co...
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