The share of U.S. borrowers who were in serious mortgage delinquency (90 days or more late on payments) dropped to 0.9% in August, the lowest recorded since January 1999. The overall national mortgage delinquency rate (30 days or more late) was at 2.6% in August, also a historic low. The U.S....
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Blox Launches AI Financial Automation for Property Operators
With investment from Fika, Navitas, and Clocktower Blox, the financial AI automation company for real estate, announced the launch of its all-in-one software platform. Blox uses machine learning to automate key receivables tasks, including statement audit, refunds, payments, messaging, disputes,...
U-Haul Signs Exclusive Partnership with Moved to Support the Multifamily Industry and Renters
U-Haul®, the industry leader in DIY moving and self-storage, announced an exclusive partnership with resident technology company Moved™. The agreement includes exclusive rights for both U-Haul and Moved's business-to-business-to-consumer (B2B2C) software, which streamlines the onboarding and...
Redfin Reports New Listings and Pending Sales Ticked Up in September, But Deals Were Canceled at Highest Rate in Almost a Year
New listings inched up as some homeowners opted to cash out, fearing that elevated mortgage rates could drive a drop in home prices New listings climbed 1.4% month over month in September, the largest increase since February 2022 on a seasonally adjusted basis, according to a...
2023’s Severe Weather Events Are Proving Costly to U.S. Insurers
The U.S. is experiencing its costliest year ever in 2023 for severe convective storms, with insured losses from these events exceeding $50 billion through the end of September, according to the Insurance Information Institute (Triple-I.) Severe convective storms include natural...
Redfin Reports 2023 on Pace For Fewest Home Sales Since 2008 As Mortgage Rates Hit 8%
Redfin economists say this is likely to be the slowest sales year since the Great Recession as persistently high mortgage rates and low inventory spook buyers This year is likely to end with roughly 4.1 million existing home sales nationwide, the fewest since the housing bubble burst in 2008 after...
What Will Happen to the U.S. and Global Economy in the Next 50 Years?
Renowned demographer and economist Alan Nevin's new book, The Next Half Century, tells which cities and countries will fare best With so much talk of doom and gloom in the U.S. and abroad, it is easy to worry that life will only get worse in the next half century. But according...
Home Rents Continue to Rise in Q3 2023: 73% of U.S. Cities Experienced Year-Over-Year Rent Increases
19% of the cities analyzed experienced double-digit rent increases Rentometer has released their Q3 2023 Rent Report for three-bedroom (3-BR) houses that are single-family rentals (SFRs). Rentometer collects rent data for all residential real estate asset classes, but this report is focused on...
Most Americans Would Buy a Known Haunted House to Save Money
In 2023, 63% would offer below market value on a haunted house. A staggering 72% of prospective buyers, however, would feel uncomfortable living in a haunted house. More than 1 in 4 Americans (29%) believe they've actually lived in a haunted house — up from 24% in 2022, according to new...