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Hits and Misses for the Real Estate Week of Oct. 9-13

Hits and Misses for the Real Estate Week of Oct. 9-13

by Phil Hall | Oct 13, 2023 | Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rising mortgage rates, rising foreclosure rates, and Bad Bunny’s rather pricey rental unit. From the wild and wooly world of real estate, here are our hits and misses for the week of Oct. 9-13. Miss: Up, Up and Oh No. The 30-year fixed-rate mortgage surged...
Foreclosure Filings Up During Q3

Foreclosure Filings Up During Q3

by Phil Hall | Oct 12, 2023 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 124,539 residential properties carried foreclosure filings during the third quarter of this year, according to new data from ATTOM. This is up 28% from the second quarter and up 34% from one year ago. A total of 37,679 properties had foreclosure filings in...
Serious Mortgage Delinquency Rate at a 23-Year Low

Serious Mortgage Delinquency Rate at a 23-Year Low

by Phil Hall | Sep 28, 2023 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The U.S. foreclosure rate held steady in July for the 17th consecutive month in July at 0.3% while the serious delinquency rate (90 days or more late) dropped to a 23-year low at 1%, according to new data from CoreLogic. During July, 2.7% of all mortgages were in some...
Foreclosure Inventory Hits 15-Month Low

Foreclosure Inventory Hits 15-Month Low

by Phil Hall | Aug 23, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. foreclosure inventory in July descended to its lowest level in 15 months, according to new data from Black Knight Inc. (NYSE:BKI). The total U.S. loan delinquency rate last month was 3.21%, up 9 basis points from the previous month but down 12 basis points...
Foreclosure Activity Increased in First Half of 2023

Foreclosure Activity Increased in First Half of 2023

by Phil Hall | Jul 13, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The first half of the year saw a recorded total of 185,580 U.S. properties with foreclosure filings, according to new data from ATTOM. This represents a 13% year-over-year increase. Nationwide, 0.13% of all housing units (one in every 752) had a foreclosure filing in...
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