Lora Lee Properties

Home foreclosure update:

Foreclosure Rate Hits Nearly Seven-Year High as Affordability Crisis Deepens - The MortgagePoint The national foreclosure rate has surged to its highest point in almost seven years, with several smaller markets primarily located in the South and Midwest, accounting for the largest portion of default listings in the U.S.

Inflation gauge:

Fed’s Preferred Inflation Gauge Shows Prices Rising at Fastest Rate in 3 Years - The MortgagePoint The Personal Consumption Expenditures index—the Federal Reserve's preferred inflation measure—rose at a 4.1% annual rate in May, highlighting the central bank's challenge in reining prices.

Demographic changes:

Harvard: Suburbs Gain as Urban Cores Face Population Pressures - The MortgagePoint According to a recent State of the Nation's Housing report from the Harvard University Joint Center for Housing Studies (JCHS), declining immigration is impeding population growth, making cities more dependent on domestic migration and natural change.