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News Updates

U.S. Foreclosure Activity Sees Uplift In August 2023

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Foreclosure Starts Increase 9 Percent from Last Month;  Completed Foreclosures Up 1 Percent from Last Month ATTOM, a leading curator of land, property, and real estate data, released its August 2023 U.S. Foreclosure Market Report, which shows there were a total of 33,952 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 7 percent from a month ago but down 2 percent from a year ago. Nevada,

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TurboTenant launches mobile app revolutionizing rental property management

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Prioritizing efficiency and tenant satisfaction, the new mobile app streamlines every aspect of rental property management TurboTenant, a rental property management company empowering landlords to self-manage their businesses, announced the launch of its all-in-one mobile app of the same name. The new app equips landlords with user-friendly tools for self-managing their rental properties — anywhere, at any time. “Recognizing the challenges landlords face in effectively managing their properties while maintaining tenant satisfaction,

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1 in 5 Millennial Respondents Believe They’ll Never Own a Home

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About half of Gen Zers and millennials who don’t plan to buy a home in the near future say it’s because homes are too expensive Nearly one of every five (18%) millennials and 12% of Gen Zers who replied to a recent housing survey believe they will never own a home, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Lack of affordability is the number-one barrier to

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Institutional Property Advisors Releases National Multifamily Construction Report

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Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI), published a new national report, Pullback in Multifamily Construction Starts. “As access to development capital across the country diminishes and rent growth slows, multifamily starts are cooling,” stated Greg Willett, first vice president and national director, research services, IPA. “Among the 15 markets that account for over half of the nation’s ongoing apartment construction, building starts in the second quarter

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Unusual Housing Market Dynamics Contributing to Stall in Consumer Sentiment

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HPSI’s Low-Level Plateau Continues as Consumers Remain Frustrated by Lack of Affordability The Fannie Mae Home Purchase Sentiment Index® (HPSI) remained effectively unchanged in August, as consumer confidence toward housing continued along the low-level plateau set earlier this year. Three of the HPSI’s six components increased month over month, most notably the component measuring perceived home-selling conditions. In August, 66% of consumers reported that it’s a good time to sell a home,

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Rate Hikes Continue to Slow Housing Market Activity and Create Market Uncertainties

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Interest Rates Surge to 22-Year Highs, Fueling Housing Market Uncertainties Shift Towards Rental Market Intensifies as Purchasing Activity Declines, Represented by a 27.5% Year-Over-Year Decline in New Listing Volume Closed Prices Continue to Rise as Listed Prices Reached Their Peak in June HouseCanary, Inc. (“HouseCanary”), a national brokerage known for its real estate valuation accuracy, released its August Market Pulse report, which finds that list prices peaked in June while closed

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