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ICE: Delinquencies Tick Up in September, but Foreclosures Down
Intercontinental Exchange, Atlanta, released its “first look” at September 2023 month-end mortgage performance data, finding the national delinquency rate rose to 3.29%.
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DBRS Morningstar Warns About Insurance, Property Values in Coastal Areas
DBRS Morningstar, Toronto, released a new analysis warning about the impacts of climate change--including hurricanes--on property insurance in vulnerable areas. Insurance companies are exiting catastrophe-prone areas, DBRS Morningstar said, potentially leading to a decline in property values.
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Harvard Joint Center: Remodeling Activity Likely to Decline
Spending for improvements and repairs to owner-occupied homes will likely decrease at a moderate rate over the coming year, the Joint Center for Housing Studies of Harvard University said.