Stress and fear of COVID-19 can take its toll. Melissa Rein Lively, the woman who was filmed destroying a mask in early July on a Target TGT, + 1.18% in Scottsdale, Arizona, and posted it on social media, says he spent a week at a mental health center after the …
Read More »Existing home sales rebounded sharply in June from the lows fueled by the pandemic, but will the recovery be sustainable in the long term?
The counts: Previously owned home sales increased 20.7% in June when states reopened their economies following coronavirus-related blockades. Existing home sales occurred at a seasonally adjusted annual rate of 4.72 million, the National Association of Real Estate Agents reported Wednesday. It was a big rebound from May, when sales fell …
Read More »DIY renovation projects offer the best return to homeowners, but there is a catch
Thanks to the coronavirus pandemic, Americans have much more free time, and they spend that time at home. Earlier in the health crisis, economists predicted that spending on renovation projects would actually sink in much of the country. But recent data shows that there has been a definite increase in …
Read More »The proportion of Americans who default on their mortgage payments falls to the lowest level in two months.
Fewer Americans now have agreements with their mortgage servicers to skip their monthly payments. Getty Images / iStockphoto Fewer than 4 million homeowners in the US skip their mortgage payments, according to new estimates by the Mortgage Bankers Association released Monday. The business group reported that only 7.8% of mortgage …
Read More »CFPB consumer complaints soar as coronavirus outbreak continues
Americans filed a record number of complaints with the Office of Consumer Financial Protection in March, when the coronavirus pandemic began flooding hospitals and raising unemployment rates. Every month since then, consumer complaint numbers have reached record levels set the previous month, according to a report Friday by consumer advocacy …
Read More »