An increase in supply and fall in prices is the latest sign the boom in the US housing market during the worst of the Covid-19 pandemic is over

US Sees New Surge In Foreclosure Numbers In September

Foreclosures in the United States are ticking upwards as programs designed to help homeowners stay in place during the COVID-19 pandemic begin to end. Is this increase a sign that more pain for homeowners lies over the horizon?
More news

US Foreclosures Have Modest Impact On Nearby Home Prices: NBER

Foreclosed properties in the U.S. cause only a modest decline on the home prices of nearby properties, and the effects go away a year after the distressed property is resold, according to a working paper by the National Bureau of Economic Research.
US Existing Home Sales

US Existing Home Sales Rose 3% In April

U.S. home resales rose in April to their highest annual rate in nearly two years and a falloff in foreclosures pushed prices higher, hopeful signs for the country's economic recovery.

Black, Latino Voter Registration Plummets

The number of blacks and Hispanics registered to vote has dropped precipitously since the 2008 election, diminishing two bastions of Democratic support that could prove crucial in what promises to be a tight presidential race.
US Housing Sector

US Homeownership Rate Drops To 15-Year Low

The share of privately-owned U.S. homes fell to a 15-year low in the first quarter as falling house prices and stringent lending conditions push younger Americans, in particular, into renting.
Home sales

U.S. Existing Home Sales Drop 2.6% In March

U.S. existing home sales fell 2.6 percent in March to an annual rate of 4.48 million, the National Association of Realtors said Thursday, missing expectations and highlighting continued weakness in the housing market.
IBTimes Logo

BofA in side deal with government on mortgage foreclosures: WSJ

Bank of America, one of five banks in $25 billion settlement with the government over foreclosure practices, has struck a side deal that will allow it to reduce penalties in return for bigger cuts to borrowers' mortgage balances, the Wall Street Journal said.


IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.