Monthly archive for July 2016

Rents Now Top List of Fastest-Rising Prices

http://www.midamericamortgage.com/millions-homeowners-missing-savings-not-refinancing/

Renting a home may provide some benefits that owning does not, like the freedom to move after a shorter period of time and low maintenance living. However, renting doesn’t always come cheap. In fact, a recent report from CNBC says the price of rental housing is now the fastest-rising cost for American households. While the cost of food, clothing and transportation has only made slight increases over the last year, the cost of rental housing has surged. According to CNBC, the government’s monthly report on the consumer price index indicated that in May 2016, the annual rise in rental income approached

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Tips for Protecting Your Home in Hurricane Season

hurricane damage to home

As summer comes to a close, most Americans will be turning their attention from vacations and backyard barbecues to sending the kids back to school and prepping for the cooler temps of fall. But there’s one other thing residents of certain regions should be anticipating — hurricane season. CoreLogic’s 2016 Storm Surge Report, released June 1 (the start of the Atlantic hurricane season), concluded that 6.8 million homes are at risk along the Atlantic and Gulf coasts. When you put that figure into reconstruction costs, the value is more than $1.5 trillion. According to the report, the number of homes in the most extreme

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National Foreclosure Inventory Down 24.5%

foreclosed house

The number of foreclosed homes has been dropping steadily over the last few years and it seems the numbers keep moving down, thanks to improvements in the nation’s economy. According to CoreLogic’s May 2016 National Foreclosure Report, the foreclosure inventory for the US fell 24.5 percent and completed foreclosures dropped 6.9 percent from a year ago. “The number of completed foreclosures nationwide decreased on a year over year basis from 41,000 in May 2015 to 38,000 in May 2016, representing a decrease of 67.9 percent from the peak of 117,813 in September 2010,” CoreLogic stated in a July 12 press

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