According to recent analysis conducted by NAHB’s Eye on Housing, the proportion of all-cash sales in the new home market significantly increased in the third quarter of 2023, while the share of VA-backed sales declined by almost half. The report also highlights that although cash sales only make up a small portion of new home […]
According to the U.S. Government, sales of new single-family houses in September 2023 reached a seasonally adjusted annual rate of 759,000, marking a 12.3% increase from the revised rate in August and a 33.9% increase from the same period last year. The median sales price for these new houses was $418,800, while the average sales
In September, there was a notable increase of 12.3% in new home sales. Read More »
According to pest control and rodent removal company Orkin, Chicago has once again claimed the top spot on their Top 50 Rattiest Cities List for the ninth year in a row. Los Angeles has moved up to the second position, while New York has dropped to third. Orkin determines the rankings based on the number
America’s Top 50 Cities with the Highest Rat Population Read More »
The National Association of Realtors (NAR) has reported a 2% decline in existing home sales for September, with a seasonally-adjusted annual rate of 3.96 million. This represents a 15.4% decrease compared to the previous year. Despite a 2.7% increase in total housing inventory from August, the inventory is still 8.1% lower than a year ago,
September saw a 2% decline in the sales of existing homes, according to authentic data. Read More »
According to the ATTOM Data’s Q3 2023 U.S. Foreclosure Market Report, the number of U.S. properties with foreclosure filings (default notices, scheduled auctions, or bank repossessions) has increased by 28% from Q2 and 34% from the previous year. In September alone, there were 37,679 U.S. properties with foreclosure filings, which is an 11% increase from
Foreclosure Activity Rises by 28% in the Third Quarter of 2023 Read More »
There have been multiple discussions about interest rates in the past few years. According to a graphic from Visual Capitalist, the 30-year fixed-rate mortgage has reached its highest level since 2002. This, coupled with rising home prices and limited inventory, has led to affordability being at its lowest point in history. Stay safe and have
National Economic OutlookBy Ingo WInzer October, 2023 Although the national economy is experiencing a job growth rate of 2 percent, a closer look reveals some concerning trends. In sectors such as manufacturing, finance, and retail stores, job growth is below 1 percent. The restaurant industry is an exception with a high job growth rate of
In a recent episode of the Rent Perfect podcast, David Pickron discusses how we have all been victims of fraud in some way, even if we are not aware of it. He shares six simple ways to protect ourselves from fraud, with the top recommendation being to freeze our credit. You can listen to the
According to the latest Yardi Matrix Multifamily Report, the average rent for multifamily properties in the United States was $1,722 in September 2023. Despite challenges such as rising energy costs and higher interest rates, the market remains strong overall due to strong job growth and household formation. However, there are concerns about the potential impact
Yardi Asserts Multifamily Sector’s Strength Amidst Obstacles Read More »