Median Home Values Decline in About Half of Zones Targeted for Economic Redevelopment; Trends Mostly Match Broader Nationwide Market Slowdown; But One Measure Shows Opportunity Zones Holding Up Slightly Better Than Other Local Markets ATTOM, a leading curator of land, property,...
Month: May 2023
Redfin Reports Fewer Metros Are Seeing Home-Price Declines As Lack of Inventory Keeps Prices Afloat
U.S. home prices are down 2.7%, the smallest decline in over a month, and prices are dropping in fewer metros The median U.S. home-sale price fell 2.7% during the four weeks ending May 14, the smallest decline in over a month. That’s according to a new report from Redfin (redfin.com),...
CORTLAND SURVEY SHOWS PET POLICIES AND PERKS BEAT OUT PRICE AND LOCATION IN HOME SEARCH
Multifamily firm releases new pet data and announces a new brand hero timed with National Pet Month. Pet policies, such as size restrictions and pet deposits, are the top consideration for apartment dwelling dog-owners nationwide when looking for a new place to live (86%) – beating out...
Recession Remains Likely as Credit Conditions Tighten
New Home Construction Solidifies as Prospective Buyers Shift Further Away from Existing Home Market The economy is still expected to enter a modest recession in the second half of the year, though unusual dynamics in the current economic cycle continue to complicate forecasting the exact timing,...
Moody’s Analytics: Spending 30% of Income on Rent Is the New Normal in Many US Metros
Cost-of-living concerns are top of mind amongst Americans while rent-to-income ratios (RTI) remained elevated in Q1, according to Moody’s Analytics US State of Rent Burden report and data interactive tool. While seasonal slowness and rising multifamily inventory moderated rent...
Incenter Diligence Solutions Expands Services for MSR Buyers and Sellers
Firm’s Customized Due Diligence and Document Management Services Enable Trading Participants to Reduce Risks and Act with Agility Incenter Diligence Solutions, a provider of due diligence and document management services for the mortgage industry, announces expanded offerings for the mortgage...
FORECLOSURE ACTIVITY NATIONWIDE SHOWS SLIGHT DECLINE IN APRIL 2023
Foreclosure Starts Decrease 7 Percent from Last Month;While Completed Foreclosures Decrease 39 Percent ATTOM, a leading curator of land, property, and real estate data, released its April 2023 U.S. Foreclosure Market Report, which shows there were a total of 32,977 U.S....
Home-buying costs could soar 22% if US defaults on its debt
A debt default is very unlikely, but new scenario projections from Zillow show sales would decrease sharply as mortgage costs balloon Mortgage rates could reach 8.4% in the unlikely event of a debt default, sending the mortgage payment on a typical home 22% higher by September. Home values would...
AMH Ranks #39 on 2023 Builder 100 List
Leading builder of single-family rental communities climbs in rankings AMH, a leading owner, operator, and developer of single-family rental homes, has been recognized by BUILDER magazine as the 39th largest homebuilder in the United States on its 2023 Builder 100 List with...