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Daily Dose

CDC Orders Temporary Halt to Residential Evictions

The Trump administration said it will use its quarantine authority to keep renters in their homes during the coronavirus pandemic as a way to prevent an eviction crisis that could worsen economic strains. Bloomberg first reported the news. The Centers ...

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Fannie Mae Updates on Single-Family Delinquency Rate

Fannie Mae Conventional Single-Family Serious Delinquency Rate increased 59 basis points to 3.24% in July. One year earlier, this serious delinquency rate was 0.67%. In weighing serious delinquency rates based on vintage, the highest level of problematic loans was in ...

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The State of Americans’ Credit

According to the latest Invest in You Survey conducted by CNBC and Acorns in Partnership with SurveyMonkey, Americas are rethinking their spending habits. Specifically, the survey shows that all across the nation, residents are tightening their purse strings and focusing on saving ...

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This Week’s Housing and Economic Report

Annualized in Q2 2020, the gross domestic product, adjusted for inflation, plummeted 31.7%, according to the second estimate from the Bureau of Economic Analysis. That’s a bit better than the advance estimate of a 32.0% drop annualized. Private inventories, consumer spending, business ...

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Where Zombie Properties Are Accumulating

zombie home

A new report indicated that 1.6 percent of all homes in the U.S. are vacant, numbering 1,570,265 residential properties, with 7,960 or 3.7% of those vacant properties in the process of foreclosure, otherwise known as “zombie foreclosures.”  That is according ...

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The Week Ahead: Update on Unemployment

On Wednesday, September 2, the U. S. Bureau of Labor Statistics will release its monthly update on Unemployment in States and Local Areas. The report will include monthly and annual-average estimates of civilian labor force, employed people, unemployed people, and ...

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