Entries by DomresRealEstate

U.S. home loan delinquency rates expected to quadruple post Covid-19

Delinquency and foreclosure rates in the U.S. residential market held at record lows just before the start of the Covid-19 pandemic, according to a report released May 12 by CoreLogic Inc. (NYSE: CLGX). That situation is expected to change. February marked the 26th consecutive month of falling annual overall delinquency rates, but the pandemic's economic impact has caused record high uninsurance rates, and homeowners around the country are at an increased risk of becoming delinquent in the coming…

See where Tampa ranks among cities where residents spend the most on housing

In a recent report from SmartAsset, Tampa ranked among the top 15 cities where people spend the most on housing costs. Tampa ranked at No. 14 with a median monthly housing cost of $1,159. A typical citizen spends about 25.47 percent of their monthly income on housing. Residents in Miami, Los Angeles and New Orleans spend over 30 percent of their monthly income on housing, meaning they are classified as housing cost-burdened. Miami had the highest percentage in the study at 34.49 percent. San…