More foreclosures sprang up this summer across the country. Forty-four percent—or 96 of 219—metro areas saw foreclosures tick up in July compared to a year ago, according to a newly released report from ATTOM Data Solutions, a real estate data firm. This marks the first annual increase in foreclosure starts nationwide after three years of year-over-year declines each month.The report showed that 30,187 U.S. properties started the foreclosure
Fewer Americans are willing to uproot their lives to move for new job opportunities, suggests new census data.About 3.5 million Americans relocated for a new job last year, a 10 percent drop from 3.8 million in 2015. The number has been trending lower, despite the overall population increasing 20 percent over that time, The Wall Street Journal reports.Why are more people staying put? Experts told WSJ that some blame may rest on rebounding rea
The Department of Housing and Urban Development is accusing Facebook of violating the federal Fair Housing Act and allowing landlords and home sellers to use the social network’s advertising platform to engage in housing discrimination. A Facebook tool enabling advertisers to filter which users see housing-related ads based on race, color, religion, sex, familial status, national origin, disability, or ZIP code limits housing options for prot
More than one in 10 adults—or about 29 million Americans—say they’re losing sleep worrying about their ability to pay the mortgage or rent, according to a new survey by Bankrate.com. Millennials seem to be tossing and turning the most, with 17 percent of people ages 28 to 37 saying concerns over housing costs are causing them to lose sleep. Also, those earning less than $50,000 per year are more than three times as likely to stress about ho
Alliance Residential Company, one of the largest multifamily developers and managers in the U.S., is rolling out a new initiative to outfit 25,000 luxury apartments across the country with smart-home technology through partnerships with Google, Nest, and Dwelo, among others. “We wanted to ensure that from the moment our residents move in, they are able to control multiple aspects of their home—access, climate, and lighting—from a single, si
Are home buyers favoring the Midwest? Home buyer activity is shifting from pricey California to affordable markets across the country. Nearly a third of the markets on realtor.com®’s latest hottest housing market list were in the Midwest, known for its affordable housing compared with many other parts of the country.“With the median home list price hovering at a record level, affordable markets are very attractive for buyers, which is contri
Airbnb has unveiled big plans to turn at least 14 apartment buildings into home-sharing units by the end of next year. But some tenants of two newly branded Airbnb complexes aren’t completely happy about their buildings changing into a “hotel-like” atmosphere.Airbnb has teamed with Niido, a real estate development company, to form “Niido Powered by Airbnb” to brand buildings across the country. Their first project was a 324-unit complex
The highest share of homeowners are likely to move in the third quarter to Chicago, Washington, D.C., Orlando, Tampa, and Atlanta, according to a new study by ATTOM Data Solutions, a real estate data firm. Researchers culled data from purchase loan applications on residential transactions among metro areas with at least 500,000 single-family homes and condos for ATTOM’s Pre-Mover Housing Index.“A higher pre-mover index bodes well for local r
An overhaul in how several major credit reporting agencies factor in negative credit information is prompting millions of consumers’ credit scores to rise. Collection events were struck from 8 million consumers’ credit reports in the 12 months ending in June. The New York Federal Reserve reported Tuesday that consumers who had at least one collections account removed from their credit reports are seeing an 11-point increase to their scores.Cr
The U.S. Department of Housing and Urban Development is taking steps to scale back a fair housing rule that had sought to combat housing segregation. HUD Secretary Ben Carson says the 2015 rule is standing in the way of efforts to add more affordable housing.The Affirmatively Furthering Fair Housing rule required cities and towns to examine historic patterns of segregation, and then create plans to combat them. Those who didn’t comply risked l
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