Recession Warning? Total US Foreclosures Starts UP 440.91% YoY In June (Black Knight)

This bit of housing news won’t soothe the Biden Administration which is terrified of getting blamed for a recession.

Total US foreclosure starts are up 440.91% YoY in June, according to Black Knight.

Rising mortgage rates, declining REAL wage growth? This spells trouble in River City (Potomac River city, that is!)

Welcome to the Land of a Thousand home foreclosures!