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Foreclosures Are Up 700%. Is This a Red Flag for the Housing Market?
KEY POINTS : Moratoriums prohibited new foreclosures from starting for nearly two years, creating artificially low foreclosure rates. Now that these protections have expired, foreclosure numbers are seeing triple-digit growth. Despite this, rates are still well below...
U.S. cities struggle with blighted bank-owned homes
LOS ANGELES (Reuters) - The smell of rotting food and decay inside 10956 South Wilmington Avenue, Los Angeles, was overwhelming. Activist BonBon Hurd walks through a foreclosed home, where squatters have been living, during a blight tour that activists say highlight...