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News Updates

Home Rents Continue to Rise in Q3 2023: 73% of U.S. Cities Experienced Year-Over-Year Rent Increases

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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 SFRs because they are one of, if not the most, active asset classes today. Rentometer’s president, Mike Lapsley, commented that “we have increased our coverage and monitoring of

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Most Americans Would Buy a Known Haunted House to Save Money

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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 research from Real Estate Witch, an online publication owned by Clever Real Estate that connects readers with expert real estate advice, Estate

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HOME-SELLER PROFITS CONTINUE RISING AS HOME VALUES HIT NEW HIGHS IN Q3

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Profit Margins on Typical Home Sales Nationwide Increase to Almost 60 Percent; Returns Rise for Second Straight Quarter as Median U.S. Home Price Hits Another Record; Seller Profits Still Down from Year Ago Following Earlier Slide ATTOM, a leading curator of land, property and real estate data, released its third-quarter 2023 U.S. Home Sales Report, which shows that profit margins on median-priced single-family home and condo sales in the United States

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FORECLOSURE ACTIVITY SHOWS CONTINUED RISE IN Q3, APPROACHING LEVELS SEEN BEFORE PANDEMIC

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Highest Foreclosure Rates in New Jersey, South Carolina, and Delaware; Average Time to Foreclose Nationwide Hit Pre-Pandemic Levels ATTOM, a leading curator of land, property, and real estate data, released its Q3 2023 U.S. Foreclosure Market Report, which shows there were a total of 124,539 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 28 percent from the previous quarter and 34 percent from a

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Elevated Mortgage Rates Push Housing Sentiment Even Lower

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Consumers Now Point to Mortgage Rates, not Home Prices, as Primary Hindrance to Affordability The Fannie Mae Home Purchase Sentiment Index® (HPSI) decreased by 2.4 points in September to 64.5, as elevated mortgage rates further dampened already-pessimistic consumer housing sentiment. Five of the HPSI’s six components decreased month over month, including the components measuring perceived homebuying and home-selling conditions. In September, 16% of consumers reported that it’s a good time to buy a

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Redfin Reports Asking Rents Flattened in September Amid Growing Apartment Supply

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The median U.S. asking rent was little changed from a year earlier for the sixth straight month as an increase in the number of rentals made it harder for landlords to boost prices The median U.S. asking rent rose 0.4% year over year to $2,011 in September—the sixth straight month in which rents were little changed from a year earlier. That’s according to a new report from Redfin (redfin.com), the technology-powered real

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