Home Foreclosures Up a Staggering 181% in ONE Year, New Home Sales Collapse 13%

Joe Biden is setting economic records all across the scale and he just hit another astounding stat with home foreclosures up a heart-stopping 181 percent in a year.

On top of that, sales of new homes fell almost 13 percent last year alone.

This according to the Twitter account for Inflation Tracker which noted:

“Home Sales in March were 763,000 vs. 835,000 in February and down 12.6% vs. the last March number of 873,000. Last month 33,333 properties across the U.S. faced foreclosure, a 181% jump from March 2021. The first quarter saw 78,271 properties with a foreclosure filing.”

Home Sales in March were 763,000 vs. 835,000 in February and down 12.6% vs. the last March number of 873,000. Last month 33,333 properties across the U.S. faced foreclosure, a 181% jump from March 2021. The first quarter saw 78,271 properties with a foreclosure filing.

— Inflation Tracker (@TrackInflation) April 29, 2022

The foreclosure rate skyrocketed after the moratorium on foreclosures expired, and the new housing sales are falling after interest rates have begun to rise.

Per Fox 46:

Last month, 33,333 properties across the U.S. faced foreclosure, a 181 percent jump from March 2021 and 29 percent pop from February, according to a report by foreclosure tracker Attom. The first quarter saw 78,271 properties with a foreclosure filing, a 39 percent from the previous quarter and 132 percent from last year.

Those figures represent the highest number of foreclosures since March 2020 when nearly 47,000 U.S. homes held foreclosure filings, said Rick Sharga, executive vice president of market intelligence for ATTOM.

March marked the 11th consecutive month in which foreclosure activity posted a year-over-year increase.

Biden’s economic is unrivaled since the Great Depression in how bad it is.

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Tags: Commentary Economy Homes HOUSING Mortgages