Important Takeaways:
- Home foreclosures shoot up 10% amid soaring interest rates, job losses and higher grocery and utility bills eating into earnings – here are the state’s WORST affected
- Home foreclosures are on the up across the US as Americans continue to battle against soaring interest rates and rising costs.
- Last month, 37,679 properties had a foreclosure filing, according to fresh figures from real estate data provider ATTOM – up 10 percent from the month prior.
- Foreclosure occurs when an owner can no longer make their monthly mortgage payments and must forfeit the rights to their property as a result. Foreclosure filings include default notices, scheduled auctions and bank repossessions.
- The figures lay bare a growing housing affordability crisis in the US. But a disparity remains across America, with some states faring much worse than others.
- Delaware recorded the highest number of filings last month, with one for every 2,269 housing units.
- Nevada had the second highest number of foreclosure filings in January – at one in every 2,272 housing units.
- Indiana had one in every 2,499 housing units, Maryland had one in every 2,588 and New Jersey had one in every 2,647.
- Foreclosures have been on the rise since the end of 2021, as banks make up for lost time after state and federal foreclosure bans expired.
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Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Long lines are back at US food banks as inflation hits high
- With gas prices soaring along with grocery costs, many people are seeking charitable food for the first time, and more are arriving on foot.
- “It does not look like it’s going to get better overnight,” said Katie Fitzgerald, president and chief operating officer for the national food bank network Feeding America. “Demand is really making the supply challenges complex.”
- The Phoenix food bank’s main distribution center doled out food packages to 4,271 families during the third week in June, a 78% increase over the 2,396 families served during the same week last year, said St. Mary’s spokesman Jerry Brown.
- More than 900 families line up at the distribution center every weekday for an emergency government food box stuffed with goods such as canned beans, peanut butter and rice
- The Los Angeles bank gave away about 30 million pounds of food during the first three months of this year
- For now, there’s enough food, but there might not be in the future, said Michael G. Manning, president and CEO at Greater Baton Rouge Food Bank in Louisiana. He said high fuel costs also make it far more expensive to collect and distribute food.
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