01 March 2024
U.S. home prices will rise steadily over the next few years amid prospects for modest interest rate cuts by the Federal Reserve and as many existing homeowners keep their doors closed to selling, according to property experts polled by Reuters. As aggressive Fed rate hikes have sharply pushed up the cost of standard 30-year mortgages […]
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29 February 2024
Bloomberg) — Pending US sales of previously-owned homes unexpectedly declined in January by the most in five months as elevated mortgage rates kept a lid on housing demand. A gauge of contract signings from the National Association of Realtors decreased 4.9% to 74.3, after surging to an eight-month high in December. The decline was steeper […]
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29 February 2024
Home-price growth in the US accelerated in December, capping a period with a steep drop in mortgage rates. Prices nationally rose 5.5% from a year earlier, according to data from S&P CoreLogic Case-Shiller. That’s larger than the 5% annual gain in November. San Diego had the biggest year-over-year gain, at 8.8%, of the 20 cities […]
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29 February 2024
IRVINE, Calif. – Feb. 29, 2024 — ATTOM, a leading curator of land, property, and real estate data, today released its fourth-quarter 2023 U.S. Residential Property Mortgage Origination Report, which shows that 1.35 million mortgages secured by residential property (1 to 4 units) were issued in the United States during the fourth quarter, representing a 13.8 percent […]
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27 February 2024
A media release says this is the fourth time in a little more than six years that the city of Henderson has pursued a mass foreclosure action to recover back taxes and code enforcement liens. Before the city’s foreclosure action in 2017, there had not been any foreclosure proceedings since 1989. That 1989 action was […]
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27 February 2024
Just 16,180 new and resale home transactions closed escrow in California during January 2024. Home sales volume was down 12% from the prior month and up 8% from a year earlier, when sales volume was just starting its downward path, which continues today. While sales volume year-to-date (YTD) is 8% above a year ago, compared to 2019 — the […]
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27 February 2024
Cory Johnson waited for his turn on the February 14 evictions docket at the Oklahoma County Courthouse. His 11-year-old daughter, Hazyl, tried to get comfortable on a hard wooden bench, resting her head on his shoulder, his arm, his lap. Johnson had to pick up Hazyl from school and bring her to court because she […]
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26 February 2024
WASHINGTON (Reuters) -Sales of new U.S. single-family homes rose less than expected in January amid a sharp decline in the South region, but demand for new construction remains underpinned by a persistent shortage of previously owned homes. New home sales increased 1.5% to a seasonally adjusted annual rate of 661,000 units last month, the Commerce […]
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26 February 2024
U.S. economy: The economy grew at a much stronger than expected pace during 2023, defying expectations of a recession. (According to economists surveyed by the Wall Street Journal in January 2023, the likelihood of recession in 2023 was around 65%). The year ended on a strong note, with Q4 Real GDP growing at 3.3%, well above […]
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26 February 2024
Welcome to Investopedia’s economics live blog, where we’ll explain what the day’s news says about the state of the U.S. economy and how that’s likely to affect your finances. Here we will compile data releases, economic reports, quotes from expert sources and anything else that helps explain economic issues and why they matter to you. […]
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23 February 2024
The FTC and California’s Department of Financial Protection and Innovation (DFPI) obtained default judgments against six companies doing business as Home Matters USA, Academy Home Services, Atlantic Pacific Service Group, Golden Home Services America, and their owners (collectively, “companies”), finding that they operated fraudulent mortgage relief scams in violation of the FTC Act, federal telemarketing and mortgage […]
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23 February 2024
Home foreclosures saw a “notable” increase in January as Americans continue to grapple with the ongoing cost-of-living crisis. That is according to a new report published by real estate data provider ATTOM, which found that lenders repossessed 3,954 U.S. properties in January, a 13% increase from the previous month. It marked the first monthly increase […]
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23 February 2024
The interest rate on a 30-year fixed-rate mortgage is 6.625%% as of February 22, which is 0.375 percentage points lower than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest rates, terms, and fees to ensure you get […]
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22 February 2024
The commercial property market further waned in the first month of 2024 as borrowers continued to grapple with elevated interest rates, making refinancing more expensive, and the postpandemic work-from-home trend has hampered demand for office space. Commercial foreclosures spiked totaled 635 in January from, up 17% from the prior month and 322 in the year-ago period, […]
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22 February 2024
Discover the narrative of resilience and adaptation in the U.S. commercial real estate sector as it faces a surge in foreclosures. Explore the undercurrents driving this trend and the implications for the future of the industry Imagine walking down the bustling streets of downtown, where every window once glimmered with opportunity, now some display the […]
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22 February 2024
Property lenders have often been willing to work with borrowers since the pandemic upended commercial real estate. Increasingly, their patience is running out. There were 635 US commercial real estate foreclosures in January, up 17% from the previous month and roughly twice as many as in January 2023, according to a report from Attom. Those figures are based […]
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20 February 2024
While rates on personal loans are set by individual lenders, the rate you’re offered will depend on a variety of factors, such as your credit score and repayment term. It’s also important to shop around and compare your options with multiple lenders to find a good deal. Here are today’s personal loan rates along with […]
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20 February 2024
The economy has been doing surprisingly well so far this year, so it may be a bit longer before we see mortgage rates start trending down. Average 30-year mortgage rates have increased this month and are around 30 basis points higher than last month’s average. They’ll likely stay near their current levels until we get more data […]
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20 February 2024
WASHINGTON, Feb 20 (Reuters) – The U.S. Supreme Court on Tuesday turned away a bid by landlords to challenge rent stabilization laws in New York City that cap rent hikes and make it harder to evict tenants. The justices declined to hear appeals by property owners and industry groups of lower court rulings that found […]
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19 February 2024
CHULA VISTA, Calif. (FOX 5/KUSI) — The Chula Vista City Council is poised to expand on its ordinance protecting renters by adding additional requirements for landlords to terminate a lease without fault by the tenants. The changes will be made to bring the city’s existing tenant protections into compliance with a new state law, Senate Bill 567, signed […]
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19 February 2024
Last month, the L.A. city council voted to protect renters from eviction if they adopted a pet during the pandemic that violated the terms of their lease. The decision brought a sigh of relief to Angelenos who added furry friends to their homes at the height of COVID-19 isolation, and calmed the nerves of overwhelmed shelter administrators dreading a wave of […]
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19 February 2024
THE TEXAS TRIBUNE – As more renters struggle to afford housing, Texas landlords are filing more evictions than they did before the COVID-19 pandemic — and tenants have few, if any, protections to keep them housed. Landlords filed more than 177,000 eviction cases in the Houston, Dallas, Austin and Fort Worth areas in 2023, according to […]
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