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Home Foreclosures

All articles tagged with #home foreclosures

real-estate1 year ago•2 min saved

"Rising Home Foreclosures: Impact on U.S. States"

Home foreclosures rose in February, with 32,938 properties having foreclosure filings, marking an 8% increase from the prior year. While foreclosure completions fell in 28 states, they surged in South Carolina, Missouri, Pennsylvania, Texas, and Indiana. Housing affordability is at its worst due to rising home prices and mortgage rates, with the typical salary required for homeownership increasing by 61% in four years. The Federal Reserve's interest-rate hike and lack of available homes for sale are contributing to the affordability crisis.

via New York Post |

#home-foreclosures #housing-affordability #housing-market

real-estate1 year ago•2 min saved

"Rising Home Foreclosures: The Top 5 States Hit Hardest"

Home foreclosures rose 8% nationwide in February, with the biggest increases seen in South Carolina, Missouri, and Pennsylvania. Despite this, completed foreclosures fell in 28 states, with the largest declines in Georgia and New York. The housing affordability crisis, driven by soaring home prices and mortgage rates, has led to a 61% increase in the typical salary required for homeownership over the past four years. The Federal Reserve's interest-rate hikes have pushed mortgage rates to nearly double what they were three years ago, exacerbating the lack of available homes for sale.

via Yahoo Finance|

#affordability-crisis #home-foreclosures #housing-market

real-estate1 year ago•2 min saved

"Rising Foreclosure Rates Hit Homeowners in Top 5 States"

Home foreclosures rose 8% nationwide in February, with the biggest increases seen in South Carolina, Missouri, and Pennsylvania. However, foreclosures fell in 28 states, with significant declines in Georgia and New York. The housing affordability crisis is worsening due to soaring home prices and mortgage rates, with the typical salary required for homeownership increasing by 61% in the past four years. The Federal Reserve's interest-rate hikes have pushed mortgage rates above 7%, while the lack of available homes for sale has further exacerbated the situation.

via Fox Business|

#financial-crisis #home-foreclosures #housing-affordability

real-estate1 year ago•2 min saved

"Rising Home and Commercial Foreclosures Signal Economic Strain in the U.S."

Home foreclosures in the US saw a notable increase in January, with lenders repossessing 3,954 properties, marking the first monthly increase since July 2023. The rise is attributed to factors such as escalating interest rates, inflation, and employment shifts. Housing affordability is at its worst in decades due to soaring home prices and mortgage rates, with the average portion of wages required for homeownership expenses reaching 33%. The Federal Reserve's aggressive interest-rate hike campaign has sent mortgage rates soaring, while the housing shortage has kept prices high, exacerbating the affordability crisis.

via Fox Business|

#home-foreclosures #housing-affordability #mortgage-rates