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The cities with the highest rates of mortgage delinquency

Photo Credit: Alamy Stock Photo
When the COVID-19 pandemic reached the U.S. early in 2020, the public health crisis was accompanied by an economic disaster as well. As businesses scaled back their operations or closed permanently in response to stay-at-home orders and decreased consumer demand, millions of people lost hours or had their jobs eliminated altogether, putting their personal finances in danger. For many of these hard-hit individuals, one of the biggest worries was housing, with renters fearing evictions if they could not afford rent and homeowners concerned about falling behind on mortgage payments.
The government ultimately stepped in with robust stimulus measures to stabilize the economy and keep people from losing their homes. Notably, the CARES Act passed by Congress in March 2020 created eviction and foreclosure moratoriums and provided an option for homeowners with federally backed mortgages to request COVID hardship forbearance. The forbearance optionÂ� ....

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Job Growth Underwhelms; U.S. Gains Only 266,000 Jobs in April

Government and Leisure & Hospitality industries post greatest job gains in April.
Maintaining March s robust pace of job gain was going to be challenging at some point, but it was expected to be a few months away. We are seeing an earlier, more significant slowdown, said Jay Denton, chief analyst for ThinkWhy.
One year ago, the U.S. lost 20.7 million jobs in April 2020 alone, equivalent to 13.8% of total employment at that time. Combined with significant job loss in March 2020, the U.S. suddenly found itself with 22.4 million fewer jobs in the blink of an eye. 
Fast forward a year, and the market had been on an upswing after 770,000 jobs were added in March, and unemployment insurance claims dropped during the month of April. Still, consumer confidence and GDP outlook continue to improve. Currently, the U.S. still has 8.2 million fewer jobs than before the pandemic. Given the BLS surveys during the first half of April, ther ....

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Realtor.com® Housing Report: Homes Sell Faster Than Ever as Sellers Return to the Market in April

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SANTA CLARA, Calif., April 29, 2021 /PRNewswire/ The number of new sellers surged in April compared to last year when most cities had shelter-in-place orders in effect. However, with the number of new listings still nearly 26% below pre-pandemic levels, buyers saw little relief as the median U.S. home listing price soared 17.2% year-over-year to a new high of $375,000 and homes sold lightning fast in a record low 43 days, according to the realtor.com
®
After stay-at-home orders brought the housing market to a halt last spring, especially for sellers who re-thought their plans, 2021 is shaping up to be more typical, said realtor.com ....

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Miami Area Employment — March 2021

Miami Area Employment March 2021
04/29/2021 | 11:22am EDT
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Thursday, April 29, 2021
Total nonfarm employment for the Miami-Fort Lauderdale-West Palm Beach, FL Metropolitan Statistical Area stood at 2,571,300 in March 2021, down 160,100 or 5.9 percent, over the year, the U.S. Bureau of Labor Statistics reported today. During the same period, the national job count declined 4.4 percent. (See chart 1and table 1.) Regional Commissioner Janet S. Rankin noted that this was the 12
th consecutive month of over-the-year declines in the Miami area. (The Technical Noteat the end of this release contains metropolitan area definitions. All data in this release are not seasonally adjusted; accordingly, over-the-year analysis is used throughout.) ....

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Realtor.com® Housing Report: Homes Sell Faster Than Ever as Sellers Return to the Market in April

Realtor.com® Housing Report: Homes Sell Faster Than Ever as Sellers Return to the Market in April
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