Flood Of Home Foreclosures Ahead This Year As "Dam Is Bursting" | Melody Wright

Housing analyst Melody Wright warns of a coming flood of foreclosures as government support programs end and delinquencies surge across prime and FHA borrowers.

Rising inventory, declining affordability, and increasing ownership costs including insurance and property taxes are weakening home prices nationwide.

Municipal fiscal crises, private credit risks, and builder overbuilding amid a glut signal a potential housing market correction with significant economic implications.