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‘We have nowhere to go’: Many face eviction during a crisis in affordable housing

‘We have nowhere to go’: Many face eviction during a crisis in affordable housing

09 August 2022

Even before she lost her job this past spring, things were tight for Nikki Cox. She worked as a service representative at an insurance company in North Carolina and had been making $20 an hour. Half of her income went to rent. “If I did have something left over, it might be about a hundred […]

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New Survey Finds Inflation, Housing Costs And Eviction Threats Hitting Minorities Hardest

New Survey Finds Inflation, Housing Costs And Eviction Threats Hitting Minorities Hardest

08 August 2022

Minority communities have been the hardest hit financially by the current spike in consumer prices and housing costs, with high percentages of Black, Latino and Native American families reporting serious financial problems and even threats of eviction, according to a survey published Monday by the Harvard T. H. Chan School of Public Health, NPR and the Robert […]

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Opinion: The housing market is slowing down, but homes aren’t getting cheaper anytime soon

Opinion: The housing market is slowing down, but homes aren’t getting cheaper anytime soon

08 August 2022

Rising home prices and mortgage rates have made it next to impossible for many Americans to afford a home. And, even though the market is starting to show signs of cooling, many prospective buyers will remain on the sidelines for now. Although they have fallen slightly from the 5.81% peak reached earlier this year, mortgage rates have […]

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Four corporate US landlords deceived and evicted thousands during Covid, report reveals

Four corporate US landlords deceived and evicted thousands during Covid, report reveals

04 August 2022

Elizabeth Warren and other lawmakers are looking to secure more tenants’ rights this week after a yearlong House investigation concluded that four corporate landlords aggressively evicted thousands of people, especially in communities of color, despite state and federal eviction moratoriums during the pandemic’s early days. They did so by misleading and deceiving tenants, even going as far […]

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Should I Sell My House Now? Factors to Consider In 2022

Should I Sell My House Now? Factors to Consider In 2022

04 August 2022

Thinking of selling your home? So far, 2022 has been a good year to do so. Why? Rising prices. Home values continue to increase throughout the country, meaning that sellers can nab a top price for their residences. At the same time, many cities are facing a low inventory of homes for sale. That can […]

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HOMEOWNER EQUITY SHOOTS UP AGAIN ACROSS U.S. IN SECOND QUARTER AS HOME VALUES KEEP RISING

HOMEOWNER EQUITY SHOOTS UP AGAIN ACROSS U.S. IN SECOND QUARTER AS HOME VALUES KEEP RISING

04 August 2022

IRVINE, Calif., Aug. 4, 2022 /PRNewswire/ — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its second-quarter 2022 U.S. Home Equity & Underwater Report, which shows that 48.1 percent of mortgaged residential properties in the United States were considered equity-rich in the second quarter, meaning that the combined estimated amount of loan balances secured […]

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We Are Florida House Buyers Offers Homeowners Alternative Solutions To Selling Houses Quickly And Hassle Free

We Are Florida House Buyers Offers Homeowners Alternative Solutions To Selling Houses Quickly And Hassle Free

04 August 2022

ORLANDO, FL, USA, August 4, 2022 /EINPresswire.com/ — A new home buying company in Orlando, We Are Florida House Buyers, has opened its doors to homeowners wanting to sell their properties off-market but don’t want to go through the hassles and tedious process when listing with realtors. We Are Florida House Buyers officially opened its doors […]

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Durham Dentist Pleads Guilty to Tax Fraud

Durham Dentist Pleads Guilty to Tax Fraud

02 August 2022

GREENSBORO – A North Carolina woman from Durham pleaded guilty on July 29, 2022, to tax fraud announced Sandra J. Hairston, U.S. Attorney for the Middle District of North Carolina. Santa Maria McKibbins pleaded guilty to filing a false tax return, a violation of Title 26, United States Code, Section 7206(1), after an investigation revealed […]

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Why are mortgage affordability checks being axed and what’s changing?

Why are mortgage affordability checks being axed and what’s changing?

02 August 2022

In 2014, the Bank of England introduced mortgage affordability checks, to ensure that property buyers did not take on levels of debt that they couldn’t pay back — especially if interest rates increased. On 20 June 2022, following a review of the current mortgage market, they announced the rule’s withdrawal as of 1 August. What […]

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What’s next for the US housing market

What’s next for the US housing market

02 August 2022

So far this year, the real estate market has not been going the way many prospective homebuyers had hoped. Home prices — already at all-time highs — have continued to climb and mortgage rates have risen much faster than expected. While some buyers have forged ahead, others have put their home search on hold or have given up entirely […]

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What’s next for the US housing market

What’s next for the US housing market

01 August 2022

So far this year, the real estate market has not been going the way many prospective homebuyers had hoped. Home prices — already at all-time highs — have continued to climb and mortgage rates have risen much faster than expected. While some buyers have forged ahead, others have put their home search on hold or have given up entirely […]

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Home prices cooled at a record pace in June, according to housing data firm

Home prices cooled at a record pace in June, according to housing data firm

01 August 2022

Rising mortgage rates and inflation in the wider economy caused housing demand to drop sharply in June, forcing home prices to cool down. Home prices are still higher than they were a year ago, but the gains slowed at the fastest pace on record in June, according to Black Knight, a mortgage software, data and […]

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Eviction filings hit pre-pandemic levels a year after the end of the moratorium

Eviction filings hit pre-pandemic levels a year after the end of the moratorium

29 July 2022

During the height of the pandemic, the CDC passed an eviction moratorium, preventing landlords from evicting tenants for missing rent payments. Congress also passed legislation providing financial relief to renters, but, many times, the aid didn’t always reach those who needed it. Last year, the Supreme Court struck down the CDC’s eviction moratorium, and less than a year later, […]

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Housing’s ‘great slowdown’ is here, as mortgage originations and spending fall, Bank of America says

Housing’s ‘great slowdown’ is here, as mortgage originations and spending fall, Bank of America says

29 July 2022

A “great slowdown” is happening in the U.S. housing market, a new report from Bank of America says, as mortgage originations shrink and spending on household items softens. Amid weak home sales numbers, builder confidence, and new construction, there’s a lot of chatter about whether the housing sector is in a recession. New data from Bank of America adds […]

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Mortgage rates fall sharply after negative GDP report and Fed’s latest hike

Mortgage rates fall sharply after negative GDP report and Fed’s latest hike

29 July 2022

Just one day after the Federal Reserve raised its benchmark rate, mortgage rates took a sharp turn lower. The average rate on the popular 30-year fixed mortgage fell to 5.22% on Thursday from 5.54% on Wednesday, when the Fed announced its latest rate hike, according to Mortgage News Daily. The rate fell even further Friday to […]

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Dallas Based Financial Manager Pleads Guilty to Embezzling Over $200,000 From Client

Dallas Based Financial Manager Pleads Guilty to Embezzling Over $200,000 From Client

29 July 2022

NEW ORLEANS, LOUISIANA – U.S. Attorney Duane A. Evans announced that KATIE LAROCHE, age 54, a resident of Dallas, Texas, pleaded guilty as charged on July 27, 2022 to a one-count bill of information charging her with wire fraud, in violation of Title 18, United States Code, Section 1343. According to court documents, LAROCHE created, owned, and operated a business, […]

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“Our Home Has Been Stolen From Us”: Landlords Call For End To LA’s Eviction Moratorium

“Our Home Has Been Stolen From Us”: Landlords Call For End To LA’s Eviction Moratorium

28 July 2022

Property owners in the city of Los Angeles are pleading with the City Council to lift its pandemic-related eviction moratorium. At a news conference at City Hall, landlords say the moratorium could push some of them into bankruptcy and foreclosure because it doesn’t allow them to collect rent and some of their tenants are taking […]

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RV park residents and Saving Mercy clash over evictions to make room for permanent housing

RV park residents and Saving Mercy clash over evictions to make room for permanent housing

28 July 2022

Joyce Burton has lived at the RV park at 3601 W. Silver Springs Blvd. in Ocala for nearly 39 years, but she fears her residency won’t last much longer following recent changes at the park. “I’m 77 years old. I’ve been here since 1983. Never had no problems. I’ve been through five ownerships,” she said on Friday […]

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The housing slowdown is here

The housing slowdown is here

28 July 2022

The housing slowdown we’ve been anticipating for months is here. The big picture: Home sales are slowing down, and some of the pandemic era’s hottest “Zoomtowns” — sleepy areas where remote workers pushed up real-estate prices — are already seeing price drops. Why it matters: The idea of a real estate downturn might seem scary, especially if you […]

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Mortgage rates fall as fears about the US economy loom

Mortgage rates fall as fears about the US economy loom

28 July 2022

Mortgage rates dropped last week as fears grow that the US economy is entering a recession. The 30-year fixed-rate mortgage averaged 5.30% in the week ending July 28, down from 5.54% the week before, according to Freddie Mac. That is still significantly higher than this time last year when it was 2.80%. Rates rose sharply […]

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How Moratoriums & Rental Assistance Impacted Evictions in the U.S. During COVID-19

How Moratoriums & Rental Assistance Impacted Evictions in the U.S. During COVID-19

27 July 2022

Measures including rental assistance and eviction moratoriums helped more than a million U.S. households avoid losing their homes during the COVID-19 pandemic, according to estimates. But as temporary protections expire and funds deplete, evictions are once again approaching pre-pandemic levels, according to data collected by Eviction Lab and reviewed by FRONTLINE. In the new documentary Facing Eviction, FRONTLINE and […]

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Pending home sales fell 20% in June versus a year earlier as mortgage rates soared

Pending home sales fell 20% in June versus a year earlier as mortgage rates soared

27 July 2022

Signed contracts to purchase existing homes dropped 20% in June compared with the same month a year ago, the National Association of Realtors said Wednesday. That is the slowest pace since September 2011, with the exception of the first two months of the coronavirus pandemic lockdowns, when sales plunged briefly and then rebounded sharply. On […]

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