While Hillary made landfall as a tropical storm, the main mode of destruction was heavy rainfall, which added up to months of inland rainfall in just a few hours.
Read More »Many Homeowners, Renters Moved in 2019 or Later
Metros where large shares of homeowners have recently moved are more likely to experience significantly higher home price appreciation, according to a new study from LendingTree, while renters are three times more likely to relocate than those who own their homes.
Read More »Nearly 70% of Borrowers in Forbearance Cite Pandemic-Related Hardships
The share of mortgage loans in forbearance fell to 0.39% of servicers’ portfolio volume in July, as the MBA reported that nearly two-thirds of borrowers still in forbearance were due to the effects of COVID-19.
Read More »Spike in Home Prices Forced by Slow Demand and Low Inventory
Home prices were up 3% year-over-year, despite stunted demand due to a shortage of homes, as inventory nationwide posts its biggest slide in 18 months.
Read More »What Homebuyers Need to Know About Relocating to a High-Risk Area
While climate change is undeniable, a new study examined the types of Americans who move to areas exposed to high climate-related risks, including wildfire, flooding, hurricanes, extreme heat, and drought. Click through to see which archetypes are moving to which regions.
Read More »Rents Step Closer to Affordability in July
U.S. rents were slightly more affordable in July compared to the previous year, according to Realtor.com's latest rental report, which revealed an increase in rental supply is gradually helping drive down overall rent prices nationwide.
Read More »HUD Funds $140M in Grants for Lead Abatement Projects
Grant sizes range from $654,507 for the Triangle J Council of Governments in North Carolina to $7,997,798 for the Michigan Department of Health & Human Services.
Read More »July’s Housing Market: As Expected, ‘It’s Bumpy’
July marked the first month-over-month decline in home sales since earlier this year in April, a signal that may mark the peak has passed for the typically busy summer buying season.
Read More »High Home Prices Fueling Peak Rental Season
According to RentCafe's August Rental Activity Report, Arlington, Virginia, is the most desired city by renters nationwide. As mortgage rates have topped 7% once again, renting remains the most affordable option for many Americans.
Read More »Florida Bankruptcy Court Establishes ‘Safe Harbor’ Flat Fee in Chapter 13 Proceedings
The Southern District of Florida has adopted new guidelines establishing a flat fee of $525 for attorneys representing secured creditors in Chapter 13 proceedings.
Read More »