Zombie Foreclosures Rise Again in Q4
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).
Source: rismedia.com
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Home-Seller Profits Continue Rising as Home Values Hit New Highs
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.
Source: rismedia.com
Mortgage Rates Push Kent County Homes Out Of Reach: Report
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.
Source: patch.com
Home foreclosures are on the upswing nationwide
Home foreclosures are on the upswing nationwide, according to a new report, a sign that homeowners are still struggling from the ongoing inflation crisis.
Source: foxbusiness.com
SFR, fix-and-flip sectors are in a 'bit of a malaise'
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.
Source: housingwire.com