As the inflation-driven cost-of-living crunch continues to squeeze American households, foreclosures are on the rise, with May notching a 38 percent jump in repossessions and experts warning of more pain to come. Foreclosure-related filings—which include repossessions, scheduled auctions, and default notices—climbed 7 percent from April to May to 35,196 properties, according to the real estate data…
Foreclosures Are On the Rise in America as Inflation Squeezes Households
IN-DEPTH: Losing Your Home Over a Missed $588 Property Tax Bill—In 12 States Government Can Seize Your Home and Keep All Proceeds
It was a dream come true—or rather about to come true—when the Hills bought their forever home. It had everything they needed and more: five bedrooms, four bathrooms, a family room, a dining room, a roomy garage, good schools, and a good neighborhood. Sure, a fixer-upper, but they felt up to it. Prentiss Hall, a…
China’s Surge in Foreclosures Could Collapse Housing Market: Expert
In recent days, a post saying mainland China has more than 10 million foreclosed homes has caused a stir on social media. Official data shows a sharp surge in foreclosures in recent years. Experts have pointed out that this indicates the possibility of a housing market collapse and a financial crisis for local governments. On…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`