Foreclosures are surging, thanks to higher home prices and property taxes biting into homeowner finances.
To be sure, there is no nation-wide wave of foreclosures coming like during the Great Recession, and the recent uptick hasn't been evenly spread across the housing market, according to a new Realtor.comBut foreclosure filings have surged in key pockets in the US, and Realtor.com identified 10 cities where activity has increased the most.
Atlantic City, New Jersey, saw the sharpest increase in June, with nearly 7 out of every 10,000 housing units facing foreclosure. That's followed by Florence, South Carolina, with 6 of every 10,000 homes, and New Haven, Connecticut, with 5.6 of every 10,000 homes.New Haven, Connecticut, 5.6 out of 10,000Orlando, Florida, 5.1 out of 10,000Peoria, Illinois, 4.
"As property values have exploded in some areas … property taxes have as well," Realtor.com research analyst Hannah Jones said in a statement."It can make these homes unaffordable even if the owner has a low mortgage rate."than before the pandemic, a separate Redfin analysis recently showed.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Opinion: Short-term rentals do have a big impact on San Diego's housing marketAn increase in short-term Airbnb rental listings in local markets is linked to a decrease in the supply of long-term rental units.
Fonte: sdut - 🏆 5. / 95 Consulte Mais informação »
High mortgages rates will weigh on the housing market for yearsThe U.S. housing market could take years to recover from the recent spike in mortgage rates, with property prices expected to fall at least 2.4% next year.
Fonte: FoxBusiness - 🏆 458. / 53 Consulte Mais informação »
Illinois spring housing market not as a hot as previous yearsThe Illinois housing market is seeing the anticipated higher sales volume and prices associated with the season, but this spring’s market was less hot compared with last year, given that high mortgage rates and low inventory remain.
Fonte: chicagotribune - 🏆 8. / 91 Consulte Mais informação »
High rates putting “golden handcuffs” on many sellers in metro Denver’s housing marketAnna Vavruska and her husband would like to sell the home they purchased in the Sunnyside neighborhood at the start of the pandemic. But that would require a trade-off they aren’t willing to …
Fonte: denverpost - 🏆 13. / 72 Consulte Mais informação »
Tesla Now At 4% Of US Auto Market, Nearly 3% Of European Auto Market - CleanTechnicaOne of the most interesting elements of Tesla’s quarterly shareholder reports is something that seldom gets much or even any attention. There’s not a lot to write about it, but it is always fascinating to look at and ponder. What I’m talking about is Tesla’s graph on the company’s market share in three major auto […]
Fonte: cleantechnica - 🏆 565. / 51 Consulte Mais informação »
DOGE Defies Market Sentiment With 7% Surge, BTC Remains Under $30K: Market WatchDogecoin's price surge could be linked to the latest development on the Twitter-Elon Musk front.
Fonte: Crypto_Potato - 🏆 568. / 51 Consulte Mais informação »