Foreclosures, mortgage rates, housing prices; if there’s one person to ask about any of it, it’s Rick Sharga, Executive Vice President at ATTOM, who handles housing market data and forecasting all day, every day. Rick is often seen as a housing fact crusader, taking down the clickbait hype that many mainstream articles love to post. While other media channels push fear, Rick focuses on facts, showing what’s happening in the housing market, whether it’s good or bad news. Rick knows much more about home foreclosure numbers than most, so we took time today to ask him exactly how rising interest rates, crushing unaffordability, and shrinking home prices affect today’s homeowners. Could there be a foreclosure crisis on the horizon? Or, are homeowners in such a solid position that the chance of getting foreclosed on is slim to none? And if you’re looking to make some money during this declining market, which strategy would work best as buyers and sellers get desperate? We also take a chance to get Rick’s opinion on where interest and mortgage rates could be heading over the next year. Rick lays out the exact scenarios that could cause rates to plummet or rise multiple percentages and how homebuyers may go through a rate “reprogramming” to get hungry for houses once again. If you’re holding, buying, selling, or renting in 2023, this is the data you need to know! In This Episode We Cover The interest rate “reprogramming” and why rates don’t need to hit rock bottom for a buying frenzy to start again Mortgage rate predictions and what could happen that would cause rates to spike in 2023 The latest foreclosure data and why homeowners being “underwater” isn’t what you think The best opportunity for real estate investors and the revival of wholesaling in 2023 Bad news for house flippers and why profits are starting to drop for home renovations The “short-term pain, long-term gain” of real estate investing in 2023 (and beyond!) And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Forums BiggerPockets Agent BiggerPockets Bootcamps Join BiggerPockets for FREE On The Market Join the Future of Real Estate Investing with Fundrise Connect with Other Investors in the “On The Market” Forums Subscribe to The “On The Market” YouTube Channel Dave’s BiggerPockets Profile Dave’s Instagram Jamil's BiggerPockets Profile Jamil's Instagram Hear Our Past Episode with Rick ATTOM’s Home Flipping Report Connect with Rick: Rick's LinkedIn Rick's Twitter Check the full show notes here: https://www.biggerpockets.com/blog/on-the-market-66 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices