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In Today's News
The National Association of Realtors (NAR) said today that sales of existing homes continued a three-month slide in May but that it still expects the market to begin a rally in coming weeks.
Black Knight (NYSE: BKI) reported today that the U.S. mortgage delinquency rate rose 20% in May to its highest level since 2011 and that there are now 4.3 million homeowners delinquent or in active foreclosure -- including those who missed payments in their forbearance plans.
Landlords may be in the right constitutionally as they contest eviction bans in court, but the ultimate reckoning could take years. Five legal eagles share their takes on the topic in this in-depth piece.
All seems stable now, according to this assay of the current market, but this could be the calm before the storm as millions of Americans hang on by a financial thread.
Today on Millionacres
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