The August 2024 foreclosure report shows a slight decline in US foreclosure activity, with 30,227 filings nationwide. Key states like Nevada, Florida, and Illinois lead in foreclosure rates. The second half of the report provides detailed data on foreclosure trends in states served by BlueHub SUN, including Connecticut, Illinois, and Delaware.
The U.S. faces a housing crisis for seniors, with the 65+ population rising by 34% in 2022. Financial challenges like rising property taxes, insurance premiums, and mortgage debt threaten the ability of older adults to maintain homeownership. Nearly 11.2 million seniors spent over 30% of their income on housing in 2021. Solutions include tax relief, refinancing, and accessing home equity through safe methods like HUD-certified counselors.
Spring 2024 U.S. housing market: Mortgage rates dip, boosting optimism. Inventory rises with Fed's rate cut plans, amidst high home values and affordability challenges. Opportunities emerge for buyers and sellers in a shifting market landscape.
Find out the latest on the Homeowner Assistance Fund grant program for mortgage relief in BlueHub SUN service areas.
Slightly declining or flat housing prices show signs of increasing affordability.
When the Federal Reserve raises rates, mortgage rates shift, highly impacting adjustable-rate mortgage borrowers. Here is Wendell and Patricia's story.
HAF has helped countless homeowners across the US. As the program approaches the one-year mark, states have chosen to renew while others close programs due to challenges.
Home prices in the US have reached an all-time high, lowering affordability and effecting homeowner debt.
