Foreclosure filings surged 21% this year. Here are the states where they are rising fastest.
Foreclosures across the U.S. ballooned in the first half of the year, a sign of the increasing financial strain facing the nation's homeowners. Foreclosure filings reached nearly 228,000 from January to June, up 21% from a year ago and 28% from two years ago, according to data released Thursday from real estate data company ATTOM.
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Mortgage rates hit highest level since the start of the war with Iran
Geopolitical tensions are rippling through America's housing market, adding to the financial strain on homebuyers. This week, the average rate on a 30-year fixed mortgage climbed to 6.55% - its highest level in nearly a year - after renewed strikes in Iran rattled financial markets. The increase all but extinguishes the optimism that defined the start of the spring homebuying season, when many economists expected falling mortgage rates to help thaw the housing market.
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U.S. Homeowners Avoiding Foreclosure with Short Sale Transactions
While short sales are still uncommon, their occurrence has been slowly increasing as homeowners with negative equity look for alternatives to foreclosure, particularly in several mid-priced markets where these transactions are most concentrated. A short sale refers to a real estate deal where a financially troubled homeowner sells their home for an amount that is less than what they owe on their mortgage.
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Could AI Put Your Job at Risk? Here's Your Advantage
REALTOR® News asked industry professionals across the country why they believe agents remain uniquely positioned in an AI-driven world-and which human skills will matter even more as technology continues to evolve.
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Stewart Acquires Majority Interest in Rattikin Title Company
National Integrity Title Agency is expanding beyond its South Jersey headquarters with a new office in southeast Pennsylvania. The firm this week said it has established the new outpost in Bryn Mawr, at 919 Conestoga Road, to strengthen its longstanding commitment to the Keystone State.
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Dallas Fed President Logan calls for 'modestly' higher interest rates
"I currently believe modestly higher interest rates would better balance the outlook and risks for the FOMC's dual mandate goals," Logan said in prepared remarks for a speech in Houston. "Every month of above-target inflation has compounded the strain on Americans' budgets."
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