![]() Hunter Biden’s lawyer tells Trump posts are putting family in danger Judge upholds stringent Oregon gun control law as constitutional Senators to offer amendment to require government to make UFO records publicīiden administration announces $39 billion in student debt relief for 804,000. Trump blames Chris Christie for ‘mistake’ of nominating FBI director Many Gen-Xers facing retirement ‘nightmare’ due to lack of savings: report Tucker Carlson aggressively questions Pence over Jan. ‘Historically strong’ El Niño possible: What it means for winter Įx-Secret Service agent ‘not surprised’ about White House cocaine incident White House says Republicans have turned defense bill into ‘rightwing. Banks repossessed 12,518 properties via foreclosure in the first quarter - up 8 percent from the previous quarter. ![]() Why foreclosures are risingĪTTOM’s report shows that 1 in every 1,459 housing units across the country had a foreclosure start in the first quarter. California, Texas, Florida, New York and Illinois were among the states with the highest number of foreclosure filings while the highest rate was in Illinois. Through the first quarter this year, there have been 65,346 foreclosure starts. “Our current baseline outlook assumes no recession, but should one occur, and the unemployment rate increases meaningfully, the resulting rise in foreclosures would have a much smaller impact on the housing market than in 2008 since homeowners are better qualified for their mortgages and the housing market is currently undersupplied, rather than oversupplied,” Walsh said.ĭuring the financial crisis in 2008, there were more than 2.3 million properties with at least one foreclosure filing, according to a Pew Research analysis.
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