I thought this chart was interesting:
chart credit to CalculatedRiskBlog.com
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Good news – we’ve been moving sideways for about a year now, maybe a bit longer.
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Bad news – 14%..! That’s approximately 1 out of every 7 mortgage loans in the US in some state of delinquency.
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Good news – we saw the worst of the unemployment in 2009, as UE spiked from 5% to 10%, and yet we didn’t see a corresponding spike in distressed mortgage loans. (… yet?)
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Bad news – “real unemployment” is much higher than 10%, and isn’t showing signs of decreasing anytime soon.
Are we is a state of consistency right now, or will we see another upward trend over the next year as a result of the consistent high unemployment economic environment we’re in?
That’s the billion dollar question…
Your wishes he knew the answers Realtor,
Chris Butterworth
Chris Butterworth is: Realtor. Analyst. Husband. Father. Writer. Amateur Photographer. Triathlete. Soccer Dad. Big fan of technology, efficiency, and the Arizona Wildcats.
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