The fourth quarter of ’23 witnessed a 3.3% increase in GDP.
According to the U.S. Bureau of Economic Analysis, America’s real gross domestic product (GDP) experienced a 3.3% increase in the fourth quarter of 2023. This growth rate is 1.6 percentage points lower than the annualized increase in the previous quarter. For more details, you can read the full report at the U.S. Bureau of Economic […]
The fourth quarter sees an increase in zombie foreclosures
According to ATTOM Data’s Q4 2023 Vacant Property and Zombie Foreclosure Report, there were approximately 1.3 million vacant residential properties in the United States. This accounts for 1.27% of homes nationwide, or one in every 78 homes. The vacancy rate remained virtually unchanged from the previous quarter. The report also revealed that there were around […]
Gross Domestic Product (GDP) Records Impressive 4.9% Growth in the Third Quarter – Real Estate Investing Today
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 […]
The proportion of new home sales completed in cash increased significantly in the third quarter of 2023
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 […]
Foreclosure Activity Rises by 28% in the Third Quarter of 2023
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 […]