Foreclosures Tick Up, Especially in These Cities
Joe Raedle/Getty ImagesMore homes are in danger of going into foreclosure—especially in certain cities that have had challenges ever since the last housing crisis in the late 2000s.There were nearly 34,000 properties with foreclosure filings in August, according to a recent report from real estate d
High Mortgage Rates May Be Here To Stay—at Least Through 2023
Getty ImagesHomebuyers waiting for mortgage rates to come down might have to wait a little longer.Mortgage interest rates aren’t likely to drop until the U.S. Federal Reserve stops hiking its own short-term interest rates. It was looking likely that the Fed would end its rate hikes as inflation has
Household Income Fell 8.8% as Home Prices Rose
U.S. households had 8.8% less to spend in 2022 (after taxes) than they did in 2021 due in part to 2021’s pandemic checks and expiring tax credits, such as some for childcare.
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