Hub News

California Experiencing Hot Housing Boom

Million Dollar Listing star Josh Flagg joined a panel of CNBC reporters on Squawk Box on Thursday and revealed that California is currently experiencing a housing boom – particularly in the million dollar housing market. According to Flagg, large home

Delinquencies and Foreclosures on the Rise in May

Black Knight Financial Services released its “First Look” data for May on Wednesday and revealed that there was an overall increase in foreclosure activity last month. According to Mortgage News Daily, which analyzed the data after it was published, the

Zillow Reveals Cities with Fastest Growing Rent

With rent prices increasing by leaps and bounds nationwide, you may – understandably – assume that cities like New York and San Francisco are getting hit the hardest. But as it turns out, it’s smaller metro areas like Portland, Maine,

Overseas Buyers Account for $1B Worth of Real Estate Sales in Past Year

CNBC reporter Robert Frank revealed on Monday that overseas buyers have purchased more than $1 billion worth of American real estate in the last year. Frank cited the National Association of Realtors’ latest data, which found that a record $104

‘Boomerang Buyers’ Ready to Re-Enter Housing Market

Nearly 8 million borrowers have lost their homes to foreclosure or short sale since 2004, and now, a large portion of those former homeowners are ready to reenter the housing market. “Lenders require seven years after a foreclosure and four

Home Buying Season Officially ‘In Full Swing’

Ellie Mae released its latest Origination Insight Report on Thursday and revealed that “home buying season is in full swing.” According to the newest data from May, purchase volume took a 58 percent share of all mortgage originations, which was

Rent Inflation Continues, No Relief in Sight

As rent prices continue to skyrocket, there appears to be no relief in sight. According to the most recent data released on Thursday, consumer housing costs are far outpacing price growth elsewhere in the economy, and landlords don’t seem to

Consumer Debt Defaults Hit New Lows

Good news for consumers: Households nationwide are getting better at keeping their debts in check. According to the latest S&P/Experian Consumer Credit Default Indices – which track the rate at which consumers fall behind on their debt – Americans are

NJ Senator Menendez Proposes Bill to Help Homeowners Nationwide Avoid Foreclosure

New Jersey Senator Robert Menendez proposed a brand new bill on Tuesday that would aim to help homeowners nationwide avoid going into foreclosure. Specifically aimed at individuals and families across the country who owe more than their house is worth,

New Study Shows Adding Teen Drivers Can Double a Family’s Car Insurance Premiums

Bad news for the parents of teenagers: A new study conducted by InsuranceQuotes.com, which was released on Monday, found that the monthly premium a married couple pays for car insurance can jump by as much as 80 percent once a

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