Brexit and its Impact on the Travel Industry Globally

We all have been hearing about Brexit – United Kingdom’s exit from the European Union (EU), which is about to happen in two years time. Among the different impacts that Brexit would have on the world, travel is an important one. US citizens will find fewer options of flying abroad. Moreover, the passport lines will be longer as well when they travel. But the positive thing is that the trip would be cheaper when compared to present expenses. Continue reading

DISNEYLAND: Rising ticket prices causing sticker shock

DISNEYLAND: Rising ticket prices causing sticker shock
Also eliminated in 2015, the parking add-on to the Annual Passports. Only Premium passports will include parking on new purchases. If you currently have the parking added onto your non-premium passport then you can retain it upon renewal only.
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Latest Us Passport Locations News

BlackBerry's Black Friday Promo heavily discounts prices for unlocked Passport
The only potential issue I can think of is that if you order from Amazon and ship to a US address, if you bring it back to Canada and want to do a return, then Amazon will only give you prepaid shipping from a US address so you'd have to pay to ship it …
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US Airports to Sport Thanksgiving Travel Crowds All Year Long: New Report
A report put out last week by the U.S. Travel Association notes that 30 of America's busiest airports are in for some crowd shocks over the next decade, if not the next few years, as air travel succumbs to the perils of aging infrastructures …
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Foreclosure Data Update

Foreclosure activity climbed in three-quarters of the nation’s largest metro areas in the first half of the year compared to the same time a year ago, however Foreclosure Properties declined in some of the hardest hit regions, RealtyTrac reported on Thursday.

The report found that 154 of the 206 metro areas with a population of 200,000 or more posted year-over-year increases in foreclosure activity, which covers everything from the time borrowers, receive a default to the sale of the property via auction or on the traditional real estate market.

The 20 areas with the worst foreclosure rates were in the four states that were most devastated by the housing crisis — Florida, California, Nevada and Arizona. Those were the states where prices climbed the fastest during the boom years and therefore crashed the hardest. Nine of the areas on the top 20 list were in Florida, eight in California, two in Nevada and one in Arizona.

Foreclosure actions took place on more than 1.6 million properties in the first half of the year, the company said. Even in the areas where foreclosures rates are down, the rates still remain three to five times higher than the national average.

Foreclosures tend to drag down home prices, complicating the housing market’s struggle to recover. The housing rebound that economists once expected in the last half of this year will most likely not come so soon. The nation’s stubbornly high unemployment rate and the lenders’ increased willingness to sell more foreclosed properties to the public will most likely increase the number of foreclosures hitting the market.

For a period, lenders held onto homes they had foreclosed upon as they came under political pressure to try and modify the loans of troubled borrowers. But as they get a better handle on which loans are unsalvageable, lenders are starting to complete more foreclosures and put them on the market, several economists have said.

But there are early signs that foreclosure activity may have peaked in some of the most troubled regions, James J. Saccacio, RealtyTrac’s chief executive, said in a statement. Foreclosure activity dropped in nine of the top 10 most severely affected areas.

The Las Vegas area still has the nation’s highest foreclosure rate, with 6.6 percent of its housing units (or 53,525 properties) receiving a foreclosure filing in the first half of the year. But that’s a 15 percent decrease from the comparable period a year ago and a 9 percent decrease from the first half of the year.

Foreclosure activity in the Cape Coral-Fort Myers, Fla. metro area, which had the nation’s second highest metro foreclosure rate at 4.98 percent, also slipped. The foreclosure rate there in the first half of the year is down 30 percent from a year ago and 22 percent from the previous six months.

The report collects data from 2,200 counties nationwide that make up more than 90 percent of the U.S. population. Some of the Foreclosure Properties filings captured in the first half of this year may have been recorded in previous time periods.

For more information regarding Foreclosure Properties, please visit www.Castlerockreo.com

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