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U.S. Homeownership & Rental Vacancy Rates for Q3 2023 - Real Estate Investing Today

Original: U.S. Homeownership & Rental Vacancy Rates for Q3 2023 – Real Estate Investing TodayRewritten: Homeownership and Rental Vacancy Rates in the United States for Q3 2023 – Real Estate Investment News

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The U.S. government has released data on national vacancy rates for Q3, 2023. The vacancy rates for rental housing were reported at 6.6%, while for homeowner housing, the rates were 0.8%. The homeownership rate for Q3, 2023 was 66%. Out of all housing units in the United States during this period, approximately 89.6% were occupied […]

Original: U.S. Homeownership & Rental Vacancy Rates for Q3 2023 – Real Estate Investing TodayRewritten: Homeownership and Rental Vacancy Rates in the United States for Q3 2023 – Real Estate Investment News Read More »

NAR Found Liable for Inflating Commissions; Jury Awards $1.78 Billion in Damages - Real Estate Investing Today

NAR Held Responsible for Inflating Commissions; Jury Grants $1.78 Billion in Compensation – Real Estate Investment News Today

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According to a report from Reuters, a federal court in Kansas City, Missouri has ruled in favor of the plaintiffs in a class action lawsuit against the National Association of Realtors (NAR), awarding them $1.78 billion in damages. The lawsuit represented sellers of over 260,000 homes in Missouri, Kansas, and Illinois between 2015 and 2022

NAR Held Responsible for Inflating Commissions; Jury Grants $1.78 Billion in Compensation – Real Estate Investment News Today Read More »

Pending Home Sales Up 1.1% in September - Real Estate Investing Today

September saw a 1.1% increase in pending home sales – Real Estate Investing Today

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According to the National Association of Realtors (NAR), pending home sales increased by 1.1% in September 2023. The NAR’s Pending Home Sales Index, which is based on contract signings, recorded a value of 72.6 for September. However, the NAR reports that all four regions in the United States experienced a decline in transactions compared to

September saw a 1.1% increase in pending home sales – Real Estate Investing Today Read More »

GDP Up 4.9% in the Third Quarter - Real Estate Investing Today

Gross Domestic Product (GDP) Records Impressive 4.9% Growth in the Third Quarter – Real Estate Investing Today

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The U.S. Bureau of Economic Analysis has announced that the country’s real gross domestic product (GDP) grew by 4.9% in the third quarter of 2023. This represents a 2.1 percentage point increase compared to the annualized growth rate in the second quarter. For more information, you can read the full report on the U.S. Bureau

Gross Domestic Product (GDP) Records Impressive 4.9% Growth in the Third Quarter – Real Estate Investing Today Read More »

Foreclosure Activity Up 28% in Q3 2023

Foreclosure Activity Rises by 28% in the Third Quarter of 2023

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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 »

The Mortgage Rate Surge

The Rise in Mortgage Rates

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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

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Local Market Monitor’s National Economic Outlook for October ’23 is a comprehensive analysis of the current state of the national economy.

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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

Local Market Monitor’s National Economic Outlook for October ’23 is a comprehensive analysis of the current state of the national economy. Read More »

Yardi Says Multifamily Remains Robust Despite Challenges

Yardi Asserts Multifamily Sector’s Strength Amidst Obstacles

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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 »

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