Foreclosures on the rise again nationwide — A look at the hardest hit states

Home foreclosures rose again in May as Americans continue to grapple with the ongoing cost-of-living crisis. That is according to a new report published by real estate data provider ATTOM, which found that there were 32,621 properties in May with foreclosure filings, which includes default notices, scheduled auctions and bank repossessions. That marks a 3% increase from the prior year, although it is down 7% from the same time last year.

There are several reasons to blame for the affordability crisis.Years of underbuilding fueled a shortage of homes in the country, a problem that was later exacerbated by the rapid rise in mortgage rates and expensive construction materials.WHY CAN'T YOU FIND A HOME FOR SALE?Available home supply remains down 34.3% from the typical amount before the COVID-19 pandemic began in early 2020, according to a separate report published by Realtor.com.

Source: Real Estate Daily Report (realestatedailyreport.net)

Real Estate News Money Money

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Election InformationEarly Voting: Monday, May 20 - Friday, May 24; Election Day: Tuesday, May 28
Source: AustinChronicle - 🏆 593. / 51 Read more »

Non-Americans Married To Americans Share Differences'There's a pressure to be perfect in American life that makes having difficult emotional conversations, at least for his family, almost impossible.'
Source: BuzzFeed - 🏆 730. / 51 Read more »

Opinion: Asian Jewish Americans Have a Double Reason to Celebrate Their Heritage in May'Not only do Asian American Jews exist, but we come from a variety of places and come to Judaism in a range of ways.'
Source: denverwestword - 🏆 315. / 61 Read more »

May is Older Americans Month, and here are some things to considerLet’s all celebrate Older Americans Month by reaching out to someone who might feel lonely, beginning today.
Source: ladailynews - 🏆 332. / 59 Read more »

May celebrates Americans of Asian, Native Hawaiian and Pacific Islander heritage, and for good reasonThere are plenty of reasons to pay homage to the contributions of Americans from this diverse group of cultures, languages and lands.
Source: PennLive - 🏆 463. / 53 Read more »

Morning Bell: Thursday, May 23, 2024: Two Bulldogs Are All-AmericansYour daily briefing on what's going on with Mississippi State Athletics, including full TV listings.
Source: SInow - 🏆 273. / 63 Read more »