We would hope so! But according to several economists, we could hit the downslope again- soon, too! The beginning of the foreclosure crisis happened back in 2007-2008 and since that time, foreclosed properties have fallen to their lowest levels, according to newrepublic.com.

The Los Angeles Times reported recently that home equity lines of credit or second mortgages that homeowners took out during the housing bubble will start to feature increased payments, as borrowers must pay back principal instead of just the interest. That adds up quick! The Los Angeles Times is also predicting that because these payments will be so much higher and harder on homeowners, there is a much higher risk of default.