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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 | Current News & 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 | Current News & 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 | Current News & Events, Mortgage Information, 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 | Current News & 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...
The Most Affordable City for Homeownership Is…

The Most Affordable City for Homeownership Is…

by Phil Hall | May 23, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Affordability in homeownership has been an elusive concept for the past several years, and a new data analysis by WalletHub has identified the major cities which are the most and least affordable for prospective buyers. In a number crunch of 300 cities using 10...
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