Page 5 - Rob Barber News Today

As of Q4 2023, 1.3 million (1,294,505) residential properties across the U.S. are vacant, representing 1.27% (1 in 78 homes).

Typical profit margins on home sales increased to 59% in Q3 2023, and the median nationwide home price rose by 2% to a new high of $350,000.

Mortgage Rates Push Kent County Homes Out Of Reach: Report - Coventry, RI - The report shows a 9.2 percent year-over-year increase in median home sale prices in Coventry, East Greenwich, and the rest of Kent County.

Home foreclosures are on the upswing nationwide, according to a new report, a sign that homeowners are still struggling from the ongoing inflation crisis.

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market, are now essentially treading water in an environment of high interest rates, approaching 8%; high home prices; and a dearth of home-purchase inventory.

Overall filings remain low but economic stress in the form of increasing credit card debt and depleted savings could push them higher.

Based on new data from ATTOMs Q3 2023 U.S. Foreclosure Market Report, 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 year ago.

Housing affordability takes another hit as mortgage rates continue to rise.

Housing prices in 99% of U.S. counties are now more unaffordable than ever for the typical American, thanks to the astronomical rise in mortgage rates.

Housing prices in 99% of U.S. counties are more unaffordable than ever for the average American earner, according to a new report from the real estate data site Attom.