Published May 13, 2022

May 2022: Foreclosures On The Rise

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Written by Marcus Ibrahim

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Team Ibrahim Real Estate Update | May 2022
YOUR MARKET UPDATE
FORECLOSURES ON THE RISE 

Foreclosure filings are up 181% in March 2022 from a year ago. Los Angeles is among the major metros in 2022 with the greatest number of foreclosure starts. 

These numbers are a result of extreme lows that were created by forbearance programs during the pandemic. We are still only 57% of where it was in 2020 right before the pandemic started and should expect a steady increase in foreclosures to return to previous levels. 

What does this mean for you?

Increased foreclosures on top of increasing interest rates may indicate a slowing down of housing price increases, but the supply of homes is still at a historic low. The market is changing constantly, so please let us know if you are thinking of selling or buying and we would be happy to discuss the implications for your specific situation. 


Source: Attom Data
 CINCO DE MAYO CELEBRATION 
Thank you to our neighbors and past clients who joined us for tacos on Cinco De Mayo. We had a blast celebrating with everyone and look forward to the next event! 

SEARCHING OFF-MARKET?

We just found 2 deals for our buyers off-market! Ask us how!

RECENT TEAM HIGHLIGHTS 
SOLD: Off-Market Opportunity in Long Beach, Ca 
2 Bed | 1 Bath | Off-Market

On a quiet, tree lined street in Long Beach with easy access to freeways, shopping, and restaurants, the main home is 2 beds and 1 bath with approved plans to expand and build an ADU! Enjoy avocados and fruit trees on a large lot.”


Congratulations to our buyers!
PENDING: Off-Market Opportunity in San Bernardino, Ca
2 Bed | 1 Bath | Off-Market

?We came across this perfect investment opportunity for our client. This property has a large lot with plenty of space to build an ADU in the front and is close to restaurants, shoppings, and local parks!


Congratulations to our buyers!
How can we help you today?
Over 100+ Closed Deals
Please reach out anytime!

We are always available.

REALTOR® 
eXp Realty of California, Inc.

Call/Text Marcus: 
(626) 605-1840

Call/Text Ashley:
 (626) 727-7226
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