The number of US Mortgages Going Unpaid = 4,594,000! Seems like a lot? Nah, it's only just under 6.5 % of all outstanding mortgages!
Unfortunately the east coast, again I say - The Judicial Foreclosure States -, are where the highest numbers of foreclosures still remain.
Pretty & perfect weather California, with some of the highest values in Real Estate, is non-judicial and the numbers are reducing.
Home loan rates are still very low.
Housing prices have gone up but I sure don't expect them to go down in the near future!
There are plenty of loan programs out there ~ get on board the home buying train I tell ya!