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economy – CFL Wire

Millennial Homeownership: Growing Concerns Amidst a Decline in Investor Interest and Rising Interest Rates

The real estate scene is experiencing a noticeable blow. Compared to the previous year, investors don’t seem as eager to buy property these days. In fact, a recent report shows that investor home purchases have plunged by 48.6% in the first quarter of 2023. This dramatic decline can be attributed to higher interest rates, dwindling rents, and…

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Foreclosure Filings Surge Across U.S, with Florida Leading The Numbers

Recent reports indicate an upward trend in foreclosure filings across the nation, with Florida marking the highest number. This trend has provoked wide-ranging analysis of the causes, with experts attributing the increase to factors like the fallout from the COVID-19 pandemic and mounting living costs. Rising Tide of Foreclosures Foreclosure data analytics firm ATTOM recently…

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