· Realtor.com reported that median rent in June across the 50 largest metro areas climbed 14.1% from June 2021. This is the smallest increase this year. Maybe rental appreciation rates will slow down too.
· Redfin reported that in June only 49.9% of listings were involved in a bidding war, the first time below 50% since June 2020. This is national data from their firm only.
· ATTOM Data Solutions released their national foreclosure report for the first half of the year. Nationally only 0.12% of all homes with a mortgage had a foreclosure filing. This is 12 homes out of 1,000 homes with a mortgage.
· Foreclosure starts are up dramatically this year but that’s because there was a moratorium on foreclosures in 2020 and 2021.
· The number of borrowers in foreclosure during the first 6 months was 164,500. This number peaked about 1.7 million back in 2010. This number has never been below 200k until the last 3 years.