Amidst a Nationwide Inventory Shortage, U.S. Home Prices Hold Steady The latest data from national property broker Redfin reveals a significant 22.4% decline in new listings of homes for sale nationwide during the four weeks ending April 23, 2023, marking…
According to the latest data from ATTOM’s July 2023 U.S. Foreclosure Market Report, there were a total of 31,877 properties across the United States with foreclosure filings, encompassing default notices, scheduled auctions, or bank repossessions. While this figure marked a…
U.S. Housing Market Sees Downturn in September 2023 Existing-home sales in the United States experienced a decline in September 2023, as reported by the National Association of Realtors (NAR). While sales increased in the Northeast, they decreased in the Midwest,…
“One-Third of U.S. Home Sellers Offer Concessions Amid Shifting Market Dynamics” In recent findings from Redfin, it’s revealed that during the three months ending on October 31, 2023, approximately 35% of home sales across the United States involved sellers offering…
California’s Housing Market Continues to Struggle as Home Sales Decline for Fourth Straight Month The California Association of Realtors (C.A.R.) reports that the state’s housing market is feeling the strain of persistently high mortgage rates, with home sales declining for…
Rising Mortgage Rates Drive U.S. Home Affordability Threshold to Record High As mortgage rates continue to climb, the income required to afford a median-priced home in the United States has surged to unprecedented levels. According to the latest data from…
Amid Increasing Delinquent Mortgages, U.S. Witnesses Surge in Zombie Properties in Late 2023 According to the latest data from ATTOM’s fourth-quarter 2023 Vacant Property and Zombie Foreclosure Report, the number of vacant residential properties in the United States has risen…
San Francisco Leads in Home Equity Losses Across the Nation Recent data from Redfin reveals that in the three months ending July 31, 2023, approximately 12.3% of homes sold in San Francisco were purchased for less than what the seller…
Foreclosure Activity Sees Moderate Rise in August 2023 Across the U.S. According to the latest U.S. Foreclosure Market Report released by ATTOM, there was a total of 33,952 properties across the United States that received foreclosure filings in August 2023.…
Surge in Home Purchase Cancellations Amidst Rising Mortgage Rates Residential real estate transactions are facing a significant hurdle as cancellations hit their highest level in almost a year, driven by soaring mortgage rates that have left homebuyers grappling with sticker…