The WPJ

Sacramento

U.S. Mortgage Rates Exceed Six Percent in Mid-September, First Time Since 2008

According to Freddie Mac, U.S. mortgage rates continued to rise alongside hotter-than-expected inflation numbers this week, exceeding six percent for the first time since late 2008. Although the increase in rates will continue to dampen demand and put downward pressure on home prices, inventory remains inadequate.

U.S. Foreclosure Starts Reach Pre-Pandemic Levels in August

Based on ATTOM's August 2022 U.S. Foreclosure Market Report, there were a total of 34,501 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- up 14 percent from a month ago and up 118 percent from a year ago.

Four Western States and Florida at Most Risk for Wildfire Property Damage in 2022

According to CoreLogic's newly released Wildfire Report for 2022, property owners in the Colorado Springs, CO and Santa Fe, NM metro areas run particularly high risks of property damage from wildfires.

California Home Sales Slide Statewide in July

According to the California Association of Realtors, housing demand in California cooled further in July 2022, as the effects of rising interest rates and high home prices hit would-be homebuyers, dragging home sales below the annualized 300,000 benchmark level for the first time since May 2020. 

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