Foreclosures Jump 33% as Rising Costs Choke Property Owners

Foreclosures jumped by almost a third year over year, a sign of how rising costs are squeezing property owners.

The housing market remains sluggish amid high prices and elevated mortgage rates, and homeownership rates have fallen nationwide.

The housing market remains sluggish amid high prices and elevated mortgage rates, and homeownership rates have fallen nationwide, Forbes Daily reported.

The nation’s largest retailer will have a new leader, as Walmart CEO Doug McMillon announced his retirement after 12 years at the helm. The company’s head of US operations, John Furner, will succeed McMillon, and Walmart’s stock fell on the announcement before ending the day largely flat.

Google plans to invest $40 billion to build three new data centers in Texas, according to the Houston Chronicle, eventually bringing the company’s total data center count in the state to five.

The Lone Star State is attractive for data centers due to land availability and cheaper electricity for industrial uses.