Today’s foreclosure trends are developing under pressure from multiple directions: higher interest rates, affordability constraints, policy interventions, and borrower fatigue.
If you look at any one variable affecting real estate deals right now, most of it still holds together. That's what makes this moment so easy to misread.
Climate risk in real estate markets is starting to show up in ways most people aren’t fully accounting for yet. There’s a tendency right now to look backward for clarity.
In a typical cycle, you get a shock. Markets absorb it. Lenders adjust. Regulators respond. Everyone recalibrates, and we move on. That sequential pattern has held for decades. The systems I'm [...]
