U.S. property owners saw home equity pull back in the second quarter as housing cost growth moderated, but while accrued amounts still sit near recent highs, the rise in underwater loans is raising concerns. Homeowners lost an average of approximately $9,200 in equity on a year-over-year basis between April and June, according to the report […]
Home equity values decline from a year ago Read More »
Property insurance costs have gotten so high in Miami, that more than one-in-every-five homes do not have coverage, a study from Valuepenguin found. Nationwide, in the nation’s 50 largest metro areas, homeowners spend an average of 7% of their expenses on property insurance. But in Miami, 13.1% of monthly homeownership costs go toward coverage, followed
Miami property insurance so costly that 20% skip getting it Read More »
Two large government-related investors saw their annual nonperforming-loan sales reverse course and resume an upward trend for the first time since 2021, adding to signs that more distressed mortgages are slowly making their way to market as pandemic restrictions get lifted. The number of NPLs Fannie Mae and Freddie Mac sold in 2024 rose to
Enterprises’ NPL sales reduce bad assets to a 9-year low Read More »