ATTOM, a leading curator of land, property, and real estate data, today released its Q1 2023 U.S. Foreclosure Market Report, which shows a total of 95,712 U.S. properties with a foreclosure filings during the first quarter of 2023, up 6 percent from the previous quarter and up 22 percent from a year ago.
Newsfeed: U.S. Foreclosure Activity Continues To Climb In Q1 2023 Read More »
After February’s surprise surge in Housing Starts and Permits, driven largely by a brief dip in mortgage rates, the housing market’s data was expected to slide significantly in March data released today… and they did. However, while housing starts fell, it was less than expected (-0.5% MoM vs -3.5% exp but Feb’s 9.8% jump was revised down to +7.3%) but Building Permits plunged 8.8% MoM (vs 6.5% MoM drop) and Feb’s data was revised higherto 15.8% (from 13.8% MoM)…
Newsfeed: Single-Family Building & Permits Jump As ‘Renter Nation’ Fades Read More »
The dollar is losing its reserve status at a faster pace than generally accepted as many analysts have failed to account for last year’s wild exchange rate moves, according to Stephen Jen.
Newsfeed: De-Dollarization Is Happening at a ‘Stunning’ Pace, Jen Says Read More »
While the magnitude of losses that banks may suffer is uncertain following the recent banking crisis, commercial mortgage defaults could add to the existing financial stress. NTD spoke to Robert Helms, host of “The Real Estate Guys,” for his analysis.
Newsfeed: Robert Helms on Default Risk for Office Building Mortgages Read More »
Homebuyers with good credit scores will soon encounter a costly surprise: a new federal rule forcing them to pay higher mortgage rates and fees to subsidize people with riskier credit ratings who are also in the market to buy houses.
US banks lost money on mortgages in 2022, according to a report from the Mortgage Bankers Association (MBA), which noted that the average loss was $301 on each loan originated that year, vs. an average profit of $2,339 per loan in 2021.
Builder sentiment in the market for newly built homes rose in April for the fourth straight month, as the supply of existing homes for sale remains scarce.
Landlords in Houston and Dallas are having a tougher time filling their empty office buildings with new tenants than any other market in the country, according to office market statistics compiled by CoStar and JPMorgan.
Newsfeed: Houston, Dallas lead the country in office attendance — and empty office space Read More »
Today’s homebuyers are exceptionally sensitive to mortgage rates with house prices so high — and they’ve found their tipping point.
There’s no sign of a slowdown in central bank gold buying. In February, central bank gold reserves rose by another 52 tons …