June 15, 2021
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first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Coronavirus Foreclosure housing market 2020 Underwater Homes Share Save in Daily Dose, Featured, Foreclosure, News Krista Franks Brock is a professional writer and editor who has covered the mortgage banking and default servicing sectors since 2011. Previously, she served as managing editor of DS News and Southern Distinction, a regional lifestyle publication. Her work has appeared in a variety of print and online publications, including Consumers Digest, Dallas Style and Design, DS News and DSNews.com, MReport and theMReport.com. She holds degrees in journalism and art from the University of Georgia. The housing markets most vulnerable to impacts from the Coronavirus pandemic tend to be located along the West Coast, clustered around New York, Baltimore, and Washington, D.C., and numerous markets in the Chicago area, according to a special report from ATTOM Data Solutions.ATTOM assessed 406 counties for the share of homes under threat of foreclosure, the share of underwater homes, and the percentage of local wages necessary to cover “major homeownership expenses.”In 47 of the 50 most at-risk counties, more than one in 750 homes faced foreclosure in Q1 2020. The highest rate was in Cumberland County, New Jersey, where one in every 180 properties faced a foreclosure filing in Q1.In 36 of the 50 most at-risk counties, at least 15% of homes with a mortgage owed more than their home was worth as of Q1 2020. In Sussex County, New Jersey, 39% of mortgages were underwater, and in Monroe County, Pennsylvania, 36% were underwater.In all but seven of the most at-risk counties at least 30% of local wages would be required to cover major homeownership costs, such as a mortgage, insurance, and property taxes. Westchester County, New York, fared the worst with 77.1% of local wages necessary to cover these costs. In Rockland County, New York, and Nassau County, New York, the percentage of wages needed to cover homeownership costs was 71.1% and 63.4%, respectively.On the other hand, in all 50 of the least vulnerable counties assessed, fewer than one in 750 homes faced a foreclosure action in Q1 2020. Less than 15% of mortgages were underwater in all but one of these counties, and in 19 of the 50 counties homeownership costs required less than 30% of average local wages.The least vulnerable counties tended to be in Colorado, Oregon, Texas, and Wisconsin.The 11 counties in the New York City area that ranked in the top 50 most vulnerable counties were: Nassau, Orange, Rockland, Suffolk, and Westchester counties in New York and Bergen, Essex, Hunterdon, Middlesex, Sussex, and Union counties in New Jersey.The seven Chicago-area counties ranking in the top 50 were Cook; De Kalb; Du Page; Kendall; Lake, McHenry, and Will.In the D.C. metro area, Prince George’s; Frederick; Spotsylvania, and Stafford counties ranked in the 50 most vulnerable.Four counties in Maryland made the vulnerable list: Baltimore; Carroll; Cecil, and Harford counties. Also, five of Connecticut’s eight counties were listed in the top 50, including Litchfield; Middlesex; New Haven; Tolland, and Windham counties.ATTOM’s analysis reveals “pockets around the country that appear more or less poised to withstand downward pressure on prices and other market conditions,” said Todd Teta, Chief Product Officer at ATTOM Data Solutions.While data in the coming months will give a clearer picture, Teta said we are already seeing signs of abating home price gains.“Home-sales data from around the country is starting to show that eight years of price gains may be coming to an end amid the economic damage flowing from the virus pandemic,” Teta said. “It’s still too early to make any definitive calls, but the latest numbers show storm clouds gathering over the market.” Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Previous: The Week Ahead: Financial Service’s Hearing on CARES Act Next: Solving Houston’s Flooding Problem for Homeowners Demand Propels Home Prices Upward 2 days agocenter_img July 13, 2020 3,379 Views Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Home / Daily Dose / ‘Storm Clouds’ Gathering Over the Housing Market Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago ‘Storm Clouds’ Gathering Over the Housing Market About Author: Krista F. Brock Coronavirus Foreclosure housing market 2020 Underwater Homes 2020-07-13 Mike Albanese Subscribelast_img read more

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first_img Email the author HELPING HANDS: PLAS lends support to hurricane survivors You Might Like Pike County Sheriff’s Office offering community child ID kits Skip Around the WebMd: Do This Immediately if You Have Diabetes (Watch)Blood Sugar BlasterIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthGet Fortnite SkinsTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel What began as a competition between the two classes, became a school-wide effort and has now spilled over into the Troy community. PLAS is a temporary drop-off point for all who want to contribute – churches, organizations, schools and individuals.Thursday is the deadline for all donations. A truck will leave on Friday to deliver the donated items to a specified location in North Carolina. Rather than roll toilet paper, the juniors and seniors were challenged to donate that toilet paper and other supplies to the North Carolina Relief fund.Grice said the PLAS juniors and seniors were eager to participate in the humanitarian effort for the hurricane victims in North Carolina.“The students were challenged to bring supplies, from bottled water and paper products to toothpaste and pet foods,” Grice said. “The junior and senior classes were very competitive but they were also aware of the devastation in North Carolina and the great need of its citizens. Each class wanted to win but they also wanted to help meet the needs there in North Carolina.” Sponsored Content Troy falls to No. 13 Clemson Latest Stories Plans underway for historic Pike County celebration Print Article The Pike Liberal Art School Junior Senior War was waged this Homecoming without one roll of toilet paper being thrown. Instead, the classes competed to see which class could collect the most toilet paper and other needed items for donation to the North Carolina Relief Fund. The juniors won the highly competitive event. Pictured from left: Trevor Bryan, Cole McWhorter, Shelby Renfroe, Mary Ramage, Sarah Elizabeth Calhoun, Anna Jordan, Peyton Sasser and Porter Lankford. The annual Pike Liberal Arts Homecoming “Junior-Senior War” turned humanitarian this year. Rather than toilet paper each other’s homes and lawns, the students made donations to the North Carolina Relief fund.Angie Grice, PLAS assistant headmaster, said each year at Homecoming the Junior-Senior War is waged with the rolling of toilet paper – whether houses, lawns or cars. But this year, the school administration found a way to wage war that would have far-reaching positive benefits.  As with any war, to the victors go the spoils, so the PLAS junior class had the satisfaction of having won. And to their surprise, the spoils of victory were even greater than first thought. Members of the PLAS Foundation Board decided to donate funds for the students to spend a day at Six Flags in Atlanta.However, the senior class won the best design display and contributed greatly to the cause, so the board decided to also make the spoils of victory available to the seniors.Grice said after the Junior-Senior War ended on Homecoming afternoon, the opportunity to participate in the North Carolina Relief effort was opened to the student body, from K4 through the 10th grade.“We wanted all students to have the opportunity to be involved,” Grice said. “At PLAS we encourage our students to be community servants. This relief effort is an opportunity to go beyond our own community to help victims of a natural disaster.” Remember America’s heroes on Memorial Day Penny Hoarder Issues “Urgent” Alert: 6 Companies Are… By The Penny Hoarder By Jaine Treadwell Trojans run away with a 45-21 win over Coastal Carolina The Troy Trojans returned home after a two-game road trip and gave the fans a reason to celebrate with a… read more Published 3:00 am Tuesday, October 2, 2018 Book Nook to reopenlast_img read more

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