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Data: Black Knight; Chart: Axios Visuals

Two months after the federal foreclosure moratorium ended, foreclosure activity in the U.S. is at a record low.

What's happening: CARES Act protections, like forbearance and loss mitigation processes, give borrowers more time and options to avoid losing their homes.

By the numbers: Foreclosures saw a noticeable uptick in August, to 7,100 homes from 4,200 in July — but that number retreated to 3,900 in September, or 0.3% of home loans, according to Black Knight, a mortgage technology and data provider.

What to watch: Foreclosures are expected to tick back up again late this year or in early 2022, Andy Walden, director of market research at Black Knight, tells Axios.

  • That forecast is based on the number of loans currently working their way through forbearance, he adds.

Go deeper

Felix Salmon, author of Capital
Nov 18, 2021 - Economy & Business

Inflation explained in 3 charts

Data: FRED; Chart: Axios Visuals

During the 1970s, the last sustained period of inflation, economist Arthur Okun invented the misery index — the sum of inflation and unemployment.

The big picture: The index peaked at 21.2% in 1980; its low point was 5.76% in January 2020, just before the pandemic.

Updated 39 mins ago - Health

The next big bottleneck in the global vaccination effort

Illustration: Rae Cook/Axios

The world still needs more coronavirus vaccines, but an additional bottleneck has emerged in many low-income countries: They need help getting shots in arms.

Why it matters: Increasing vaccination rates across the world is both a humanitarian necessity and the best way to prevent dangerous new variants from emerging, but it increasingly requires complex problem-solving.

Updated 1 hour ago - Health

COVID-19 Omicron variant cases identified in Europe, U.K.

People wearing masks walk in London on Nov. 25. Photo: Li Ying/Xinhua via Getty Images

Health officials in the United Kingdom, Italy and Germany announced on Saturday that they've detected the first known cases of the new COVID-19 Omicron variant.

Why it matters: The discoveries come as the world scrambles to respond to concerns over the new variant, discovered in South Africa earlier this week.