Seriously Underwater Mortgages Rose Slightly in Q1 2024

According to ATTOM Data’s Q1 2024 U.S. Home Equity & Underwater Report, 45.8% of mortgaged residential properties in the United States were considered equity-rich in the first quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market…
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Housing Starts Up 5.7%

The U.S. government is reporting that privately‐owned housing starts in April, 2024 were at a seasonally adjusted annual rate of 1,360,000, which is 5.7% higher than March’s revised number and is 0.6% lower than one year ago.  April’s rate for units in buildings with five units or more was 322k. …
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Inflation Continues to Rise

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in April, 2024.  The all items index was up 3.4% for the 12 months ending in April.  The index for shelter and gasoline rose again in April as well –…
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