Homeowners insurance and property taxes are rising, which can increase monthly mortgage payments even when principal and interest stay the same. Learn what is driving higher costs, how insurance and tax changes affect escrow accounts and what homeowners can do to manage expenses, from reviewing bills and shopping for insurance to appealing assessments and finding repair assistance.
Climate change is reshaping the U.S. housing market, driving higher insurance costs, shifting migration patterns and increasing disaster impacts. Rising premiums, insurer retreat and growing hazard exposure are eroding property values—potentially up to $1.4T in 30 years—creating new risks for homeowners and requiring housing professionals to integrate climate-risk planning into their work.
Foreclosures rose nearly 6% in early 2025 vs. 2024, with 187K+ filings nationwide. Starts rose 7%, REOs 12%. High rates seen in IL, DE, NV, FL, SC. CT, DE, IL showed above-average rates. Legal help demand surged 30%. Rising home values helped some avoid foreclosure. BlueHub SUN offers support to at-risk homeowners.
Discover key insights on 2024 foreclosure trends, with national and regional highlights sourced from ATTOM. Learn how foreclosures decreased by 10% year-over-year, while states like Florida, New Jersey, and Nevada saw the highest foreclosure rates. Explore data on credit quality, rising home prices, and the impact on foreclosure activity, providing valuable takeaways for housing professionals and industry experts.
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.
