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Number of Vacant Homes in Foreclosure Up for Fifth Straight Quarter

Number of Vacant Homes in Foreclosure Up for Fifth Straight Quarter

by Phil Hall | May 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

ATTOM’s Vacant Property and Zombie Foreclosure Report covering the second quarter of 2023 has determined there are approximately 1.3 million vacant U.S. residential properties – which represents 1.3% or one in 79 homes across the country. The report found 311,508...
Pending Home Sales Remained Stagnant in April

Pending Home Sales Remained Stagnant in April

by Phil Hall | May 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The level of pending home sales remained stagnant from March to April, according to new data from the National Association of Realtors (NAR). The trade group’s Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on contract signings –...
Mortgage Delinquency Rate Crashes to a New Low

Mortgage Delinquency Rate Crashes to a New Low

by Phil Hall | May 25, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from CoreLogic has determined the overall U.S. mortgage delinquency rate plummeted to a new low in March. During March, 2.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure). This...
More Than 2 in 5 Home Sellers Are Making Concessions to Buyers

More Than 2 in 5 Home Sellers Are Making Concessions to Buyers

by Phil Hall | May 25, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An increasing number of home sellers are making concessions to lure buyers into purchasing their properties. According to new data from Redfin (NASDAQ:RDFN), 42.9% of home sales during the three months ending April 30 involved seller concessions, up from 25.5% one...
Survey: 1 in 4 Canadians Plan to Buy Investment Property in Next 5 Years

Survey: 1 in 4 Canadians Plan to Buy Investment Property in Next 5 Years

by Phil Hall | May 25, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canadians have looked to the future and roughly one in four plan to buy investment property over the next five years. According to a new survey from Royal LePage, 11% of Canadians – approximately 4.4 million people – currently invest in residential real estate. Of...
Sydney Opera House Receives 6 Star Rating for Sustainability

Sydney Opera House Receives 6 Star Rating for Sustainability

by Phil Hall | May 25, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Australia’s Sydney Opera House is hailed as one of the world’s most visually innovative structures. And now it can also claim to be a global leader in sustainability. According to a report from Facilities Management Advisor, the Sydney Opera House was awarded a 6 Star...
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