Coast Young Professionals hold 16th Black Tie and Blue Jeans Gala

Zombie mortgages refer to home loans that reappear after the borrower thought they had been resolved, typically through foreclosure.

The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the robust U.S. job market.

U.S. annual home price growth slipped below 5% in May, while detached properties continue to outpace attached properties for appreciation.