More than 100 N.J. nursing homes have had coronavirus outbreaks since summer as crisis continues

The coronavirus devastated New Jersey’s nursing homes this spring, killing thousands of residents and prompting a raft of measures to better protect the state’s most vulnerable population.

Since that time, long-term care facilities say they have stockpiled personal protective equipment. They’ve developed protocols for testing residents and staff and isolating those who are sickened. Visitors continue to be limited by state regulators, amid fears the virus will be reintroduced as families reunite with their loved ones.

Yet despite those precautions, the coronavirus continues to creep into the state’s nursing homes, assisted-living centers and other senior facilities, even among those that managed to eradicate their original outbreaks, Department of Health data shows.

Across New Jersey, at least 102 long-term care facilities saw new outbreaks this summer or fall after being declared COVID-19 free, according to a review by NJ Advance Media. Included in those were 11 facilities in which residents or

Read More Read more

Florida Sees Signals of a Climate-Driven Housing Crisis

If rising seas cause America’s coastal housing market to dive — or, as many economists warn, when — the beginning might look a little like what’s happening in the tiny town of Bal Harbour, a glittering community on the northernmost tip of Miami Beach.

With single-family homes selling for an average of $3.6 million, Bal Harbour epitomizes high-end Florida waterfront property. But around 2013, something started to change: The annual number of homes sales began to drop — tumbling by half by 2018 — a sign that fewer people wanted to buy.

Prices eventually followed, falling 7.6 percent from 2016 to 2020, according to data from Zillow, the real estate data company.

All across Florida’s low-lying areas, it’s a similar story, according to research published Monday. The authors argue that not only is climate change eroding one of the most vibrant real estate markets in the country, it has quietly

Read More Read more

Statewide foreclosure crisis looming in Louisiana, says Baton Rouge housing professional

BATON ROUGE, La. (WAFB) – Research by Urban Footprint found nearly 110,000 Louisiana households were unable to pay their mortgage in September.

Many people were unable to make their mortgage payments in September due to the ongoing pandemic.

© Provided by Baton Rouge WAFB
Many people were unable to make their mortgage payments in September due to the ongoing pandemic.

A housing professional on the ground floor in the Baton Rouge communities says the sum of overdue housing bills could boil over into 2021.


Load Error

“If you have a mortgage or rent that’s been past due for months, then you’re not back to normal,” said Samuel Sanders, the executive director at Mid City Redevelopment Alliance.

Playing catch up with your bills is no easy task, especially when the roof over your head is at stake. Sanders says there’s a looming crisis.

“We’re not feeling good about people getting back on their feet when the moratorium is over and make up any payments that were basically

Read More Read more

‘The Con’: How 91-year-old Addie Polk’s suicide attempt in Ohio became a symbol of America’s home mortgage crisis

Addie Polk, a 90-year-old Black woman, shot herself twice in the chest as deputies were knocking at her door with eviction papers in hand. Polk, a widow, who lived in the house alone, knew when the foreclosure date of her home was and waited until the last moment before taking her own life in 2008. The Federal National Mortgage Association, Fannie Mae, foreclosed on Polk’s home in Akron, Ohio after acquiring a mortgage in 2007. 

Polk’s desperate measure made her a symbol of the nation’s home mortgage crisis, which saw hundreds of Americans rendered homeless. Polk was a deaconess at her church and was admired by her friends and fellow churchgoers. Some remembered her as a great cakemaker. Before the interest started piling up, Polk and her husband lived as a happy and loving couple. During the prime of their lives, the pair could have moved on to a bigger

Read More Read more

Santa Cruz County lost almost 1,000 homes to the CZU fires. Its housing crisis is now worse than ever

BOULDER CREEK, Santa Cruz County – At the top of a cul-de-sac lined with burned homes, Antonia Bradford stood before what was once her cathedral-like house, surrounded by singed redwood trees. Little was recognizable in the rubble but a charred car, a chicken coop, a butterfly-shaped chair and a bathtub.

When the CZU Lightning Complex fires ripped through the Santa Cruz Mountains six weeks ago, Bradford, her husband and five children were suddenly homeless — along with thousands of others. Her family stayed in a hotel, then with friends as they scoured for rentals, watching listings disappear and prices rise.

“It’s pretty wild, it’s pretty bad,” Bradford said. “Housing has been a huge issue in Santa Cruz County for quite some time now. Right now it’s a supply-and-demand situation and people raising prices so high it’s pushing people off the mountain.”

When lightning sparked the CZU fires in mid-August, around

Read More Read more

Areas at Highest Risk of a Foreclosure Crisis

Americans could face as many as 1.4 million foreclosures if homeowners remain unable to make their mortgage payments. That is according to a recent report from

As was reported earlier this week, the number of FHA loans in forbearance remains higher than the share for portfolio loans and private-label securities (and, based on said report, those also are increasing at a higher rate). points out that FHA loans generally are given to first-time, minority, and lower-income homeowners. Thus, those groups are most in danger of losing their homes to foreclosure. editor Clare Trapasso reported that some 17.4% of the roughly 8 million FHA mortgages were delinquent in August (About 11% of those were more than 90 days delinquent), and that these loans, whose down payments are sometimes as low as 3.5% made up about 15% of all  first-mortgage servicing market loans (37.1 million).

“FHA loans are the

Read More Read more

Gwynedd second homes ‘crisis’ prompts 20-miles march

People marching

Image caption

Activists marched from Nefyn to Caernarfon

Activists who claim Gwynedd is facing a second homes “crisis” have marched 20 miles (32km) after a recent increase in house prices.

About 60 people marched from Nefyn, on the Llyn Peninsula, to Caernarfon on Saturday.

Nefyn Town Council said house prices in the area had gone “through the roof” in recent months.

The Welsh Government said it recognised the challenges around second homes and was monitoring the law closely.

  • Second-home owners ‘leaving locals sofa-surfing’
  • Second-home owners ‘use loophole’ to claim grants

According to Gwynedd council’s housing department, 811 new houses are needed each year to meet local demand, but 830 existing properties each year are being “lost” as second home.

Image caption

Abersoch in Gwynedd is well known as the “second home capital” of north Wales

Rhys Tudur, who sits on Nefyn Town Council, called on the Welsh Government to devolve

Read More Read more

Activists in 20 mile march to highlight Gwynedd’s second homes ‘crisis’

Claims that a second home “crisis” is threatening the Welsh language in its very heartlands has prompted a 20 mile march as activists demand action.

Prompted by recent figures showing that 40% of all house sales in Gwynedd are now for second homes, campaigners trekked from Nefyn to Caernarfon on Saturday while urging the Welsh Government to implement emergency measures to stem their flow.

Nefyn Town Council has been particularly active over recent months, reporting that 30% of houses in Edern and 15% in Morfa Nefyn are holiday homes, while claiming that prices have gone “through the roof” since lockdown despite the average local wage being £16,000.

According to Gwynedd’s housing department, an additional 811 houses are needed in the county every year to meet current local demand, but with 830 homes being “lost” as second homes, this creates a “gap” of 1,641.

Earlier this week, the Senedd passed a

Read More Read more

Foreclosure Crisis Rivaling Great Recession Likely: St. Lous Fed



Though a foreclosure crisis is on the horizon, experts say recent fiscal policy will prevent a full collapse of the financial system.

“It’s a slow-moving process,” Bill Emmons, an economist at the St. Louis Federal Reserve, said during a presentation on housing insecurity on Wednesday. “It definitely looks like there will be another major event, but hopefully not as bad as the foreclosure crisis associated with the Great Recession.”

This time around, however, the financial system won’t collapse, Emmons predicted, thanks to measures taken in recent months which provided liquidity to the market. The Fed announced in March it would buy back $200 billion in mortgage-backed securities, and has signaled that its benchmark rate will remain low through 2023, which will in turn keep mortgage rates low. Emmons said public health policies, on the other hand, have “fallen short.”

The actual level of distress is difficult to determine because

Read More Read more

University Heights preparing programs to help residents as predicted foreclosure crisis nears

UNIVERSITY HEIGHTS, Ohio — City Council will consider a series of programs in which federal CARES Act money would go towards helping keep people in their homes in what is expected to be a coming time of housing crisis, and to keep small businesses afloat.


Load Error

During an online Zoom council meeting held Monday (Sept. 21), Economic Development Director Susan Drucker and City Planner Brendan Zak told council about programs to help residents and business owners who find themselves in financial difficulty due to the coronavirus. The programs would assist small business owners, those needing help paying their mortgage or rent, and provide money for paying utility bills.

The goal is to put local help in place before the federal moratorium on foreclosures and evictions expires at year’s end.

Finance Director Dennis Kennedy said University Heights has received a total of $698,000 in CARES Act money, and has hopes

Read More Read more