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U.S. Foreclosure Activity Increases Slightly in May 2022

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Foreclosure Starts Decrease 1 Percent from Last Month, While Completed Foreclosures Increase 1 Percent ATTOM, a leading curator of real estate data nationwide for land and property data, released its May 2022 U.S. Foreclosure Market Report, which shows there were a total of 30,881 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 1 percent from a month ago but up 185 percent from a year ago. Illinois, New

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Hippo 2022 Homeowner Preparedness Report

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Inflation and Supply Chain Shortages May Be Holding Homeowners Back From Critical Home Maintenance Hippo, the home insurance group focused on proactive protection, announced findings from its 2022 Homeowner Preparedness Report, revealing the effect of today’s economic climate on homeowners as they deal with the responsibilities that come with owning a home. According to the national survey of nearly 2,000 U.S. homeowners and renters, owning a home is still a

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WORD OF THE DAY: Coterie

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[kō-tə-(ˌ)rē] Part of speech: noun Origin: French, 18th century Definition: a tightly knit group of people with a common interest or goal; an inner circle that excludes outsiders. Examples of Coterie in a sentence “She was always walking with her coterie of close friends, which made talking to her alone impossible.” “I tried joining the club, but it was really more of a coterie considering they rejected my application outright.” About Coterie It’s no wonder

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Redfin Reports Typical U.S. Asking Rent Surpassed $2,000 for First Time in May

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Asking rents were up over 30% in Cincinnati, Seattle, and Nashville and nearly 50% in Austin The median monthly asking rent in the U.S. surpassed $2,000 for the first time in May, rising 15% year over year to a record high of $2,002, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s on par with April’s annual increase of 15%, but a slowdown from March’s 17% gain.

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MORTGAGE LENDING PLUMMETS ACROSS U.S. IN FIRST QUARTER

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Overall Residential Lending Activity Down Annually by 32 Percent, Marking Fastest Decline in Eight Years;  Number of New Loans Decreases for Fourth Straight Quarter;  Refinance Lending Drops Another 22 Percent While Purchase Mortgages Dip 18 Percent ATTOM, a leading curator of real estate data nationwide for land and property data,  released its first-quarter 2022 U.S. Residential Property Mortgage Origination Report, which shows that 2.71 million mortgages secured by residential property (1 to

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WORD OF THE DAY: Adhocracy

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[ad-HOC-rə-see] Part of speech: Noun Origin: Latin, 20th century Definition: A flexible, adaptable, and informal organizational structure without bureaucratic policies or procedures. Examples of Adhocracy in a sentence “The council was formed as an adhocracy so everyone felt comfortable contributing.” “The Star Trek crew came across an alien civilization that operates as a successful adhocracy.” About Adhocracy This word, created in the 1960s, is a combination of the Latin phrase “ad hoc” (meaning something created

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