Foreclosures Surge, Hitting Families Hard

Foreclosures surge across the US, with Delaware, Nevada, New Jersey, and Florida hit hardest. ATTOM reports a 21% increase in November, marking nine consecutive months of year-over-year growth. Homeowners face affordability challenges due to high borrowing costs, potentially flooding the market and easing prices. Philadelphia tops the list for cities, with one in every 1,511 homes in foreclosure. Meanwhile, some cities like Boston, Miami, Sacramento, Riverside, and Denver see drops. Mortgage rates remain at 6.18% and median home prices hold at $433,175. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.