According to the numbers, foreign nationals account for more than 2% of home purchases in America each year. But did you know more than 50% of these “foreign” buyers are recent immigrants or non-immigrant visa holders who live right here in the U.S.? And did you know 10% of them are Canadians (third-highest of any nation)? Check the stats to learn more!
This week, the Education Department launched the beta website for SAVE, or Saving on a Valuable Education, a new student loan repayment program that could drop monthly payments for one million borrowers to as low as $0. Want to find out if you’re eligible? Use the website calculator today. And learn more from the Sacramento Bee.
For the second year in a row, foreclosures are up across the country, and the trend has a lot of folks remembering the Great Recession. But we’re still nowhere near the levels we saw when that bubble burst. About 25 of every 100,000 homes in America had a distressed property or foreclosure filing in June, which is about 15 times lower than during the recession.
And the pain isn’t spread equally. The highest rates of foreclosure can be found in small to mid-sized metro areas like Modesto, which checks in at number ten on this list from Realtor.com.
Yesterday, the city of Phoenix, Arizona, experienced its 18th consecutive day with temperatures of 110°F (43.3°C) or higher. That matched a record from 1974, which is likely to fall today if the city hits the projected high of 115°F.
Meanwhile, according to the National Weather Service, the Monday morning LOW in Phoenix was 95°F, the 8th straight day with an overnight low of at least 90°F. Get more numbers from Axios.
Although average mortgage interest rates have seen a slight decline over the past few weeks, they’re still twice as high as just one year ago. Meanwhile, median housing prices in the Bay Area are on the rise despite a 14% drop year over year. With this level of volatility, a fixed-rate mortgage makes more sense every day. But again, personal circumstances may do the deciding for you.
