Cities With Most Distressed Homeowners
It has been widely reported that a wave of foreclosures similar to levels seen during the Great Recession is unlikely to occur despite the continuing economic hardship caused by the COVID-19 pandemic.
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Nationwide Housing Shortage Intensifies
Forty of the nation’s top 50 metro areas have reported a decline in housing supply since February, according to new data released by Redfin.
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Why Pending Foreclosure Wave Won’t Be Like the Last One
There is little doubt that the COVID-19 pandemic will give rise to more foreclosures, but industry professionals predict conditions won’t be nearly as bad as they were in 2008-2010, for a few reasons.
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The Housing Industry’s Mixed Reactions to New Eviction Moratorium
Many in the housing industry are reacting to an announcement Tuesday that the Trump administration, by way of the Center for Disease Control and Prevention (CDC) and the Department of Health and Human Services (HHS), has put a new conditional eviction ban in place, effective immediately.
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Foreclosure Report: Which States Are Seeing Increases?
ATTOM Data Solutions this week released its July 2020 U.S. Foreclosure Market Report, which shows there were a total of 8,892 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in July 2020, down 4% from a month ago and 83% from a year ago.
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FHFA and FHA Extend Foreclosure, REO Eviction Moratoriums
UPDATE: The Federal Housing Administration (FHA) and HUD announced, shortly following FHFA's similar announcement, the third extension of its foreclosure and eviction moratorium through December 31, for homeowners with FHA-insured single family mortgages covered under the Coronavirus Relief and Economic Security (CARES) Act. According to a statement, "this extension provides an additional four months of housing security to homeowners, as they will not fear losing their homes as they work to recover financially from the adverse impacts of the pandemic. With this third extension, FHA has now provided more than nine months of foreclosure and eviction relief to FHA-insured homeowners."
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Competition Heats Up Amid Diminishing Inventory
Listed homes are selling at a significantly faster pace thanks to an evaporating housing inventory, according to the latest Realtor.com’s Weekly Recovery Report.
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Housing Market Managing ‘Impressive V-Shaped Recovery’
Affordable homeownership opportunities continue to be an elusive object in the housing market, according to First American Financial Corp.’s newly-released First American Real House Price Index (RHPI) for June.
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Americans Seeking Home Equity and Other Loans
COVID-19 has wreaked havoc on the economy and incomes of scores of Americans as struggling businesses have been compelled to lay off workers, according to Wallet.hub.com.
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2020 Election–How Will It Impact Housing?
The 2020 presidential race is pivotal for many reasons, including its implications for the housing industry, which often receives less attention on the campaign trail than other topics.
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