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What caused foreclosure filings to rise?

Asked 4 hours ago

Answer

Foreclosure filings are rising due to inflation and increased costs of homeownership, such as maintenance, insurance, and property coverage, which strain household budgets.

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CBS America

U.S. foreclosure filings on the rise, report finds

CBS America ยท Recent
CBS America
CBS America
Recent
  • Foreclosure filings in the U.S. have risen for six consecutive months. 11s
  • Filings are up 18% compared to the same period last year. 19s
  • Inflation and higher homeownership costs are key factors behind the rise. 54s
  • Foreclosure rates remain below pre-pandemic levels. 42s
  • Assistance programs are available for homeowners facing financial hardship. 1m 39s
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References

U.S. foreclosure filings on the rise, report finds
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CBS America
14 hours ago
U.S. foreclosure filings on the rise, report finds

The recent rise in foreclosure filings is attributed to inflation and higher costs associated with homeownership, including maintenance, insurance, and property coverage.

Foreclosure filings on the rise, report finds
Icon
CBS America
14 hours ago
Foreclosure filings on the rise, report finds

Experts cite inflation and increased costs for insurance and maintenance as key factors behind the rise in foreclosure filings.

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