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What is causing foreclosure in the U.S.?

Asked 3 hours ago

Answer

Foreclosure in the U.S. is primarily driven by inflation, rising costs of homeownership such as maintenance, insurance, and property coverage, and economic uncertainty. These factors strain household budgets, especially for working and middle-class families.

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CBS America

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

CBS America ยท Just In
CBS America
CBS America
Just In
  • 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
7 hours ago
U.S. foreclosure filings on the rise, report finds

The recent rise in foreclosures is attributed to inflation and increased costs of homeownership, including maintenance, insurance, and property coverage.

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

Inflation acts as a 'stealth tax,' raising prices and forcing tradeoffs for working and middle-class homeowners, making it harder to keep up with housing costs.

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

Experts cite inflation and higher homeownership costs, such as insurance and maintenance, as key reasons for the increase in foreclosure filings.

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

Inflation is a major factor, increasing the overall cost of living and putting pressure on household budgets.

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