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News Updates

Housing Markets In California, Illinois, And East Coast Still Top List Of Areas Around U.S. More Vulnerable To Declines

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Chicago and New York City Areas Remain More At Risk Based on Key Market Measures from Fourth Quarter of 2022;  East Coast and Swaths of Interior California Also More Vulnerable to Downturns;  South Region and Sections of Midwest are Less Vulnerable  ATTOM, a leading curator of land, property, and real estate data, released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less

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Redfin Reports Rents Drop to Lowest Level in a Year

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The median U.S. asking rent is up just 1.7% from a year ago—the smallest gain in nearly two years—as landlords grapple with vacancies due to still-high rental costs and rising supply The median U.S. asking rent rose 1.7% year over year to $1,937 in February—the smallest increase in nearly two years and the lowest level in a year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents

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Evolving Preferences of Growing Renter Market Revealed in New Report from RCLCO Real Estate Consulting

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With so much industry emphasis on homeowners, proprietary survey data offers unprecedented and detailed insights into a rising segment of the more than 34% of the population that rents their homes Leading real estate consulting firm RCLCO Real Estate Consulting announced the availability for the first time of a new in-depth national research report on the consumer preferences of renters, a growing and influential market segment comprising over one third of the

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U.S. Foreclosure Activity Declines Monthly In February 2023 But Continues To Increase Annually

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Overall Foreclosure Activity Down 3 Percent from January 2023; While Foreclosure Completions Increase 45 Percent from Last Year ATTOM, a leading curator of land, property, and real estate data, released its February 2023 U.S. Foreclosure Market Report, which shows there were a total of 30,528 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 3 percent from a month ago and up 18 percent from a year ago. “Foreclosure

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There Were Half as Many Affordable Homes for Sale in 2022 as There Were in 2021

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White households had three times as many affordable housing options as Black households Roughly one in five (21%) U.S. homes for sale in 2022 was affordable for the typical household, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s down from two in five (40%) in 2021 and the lowest share on record. A listing is considered affordable if the estimated monthly mortgage payment is no more

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MCS OPENS SELF-PERFORMING SERVICE CENTER IN DALLAS, HIRES KELLY CARNEY AS MARKET OPERATIONS DIRECTOR

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Building Local Team of Project Managers and Service Techs to Serve Property Owners and Financial Institutions with Field Property Solutions MCS, the national property services company founded in 1986, announced the opening of its own self-performing Service Center in Dallas. The Service Center is staffed with a market operations director, project managers, inspectors, estimators and highly trained service technicians to execute the field property services needs of the firm’s Single-Family

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