Atlantic City
Real Estate News

2 Million U.S. Coastal Homes at Storm Surge Risk from Hurricane Matthew

2 Million U.S. Coastal Homes at Storm Surge Risk from Hurricane Matthew

The potential exposure to residential property damage from hurricane-driven storm surge flooding is very significant as Hurricane Matthew makes its way toward the U.S. Atlantic Coast today. Read More »


Distressed Sales Account for 8 Percent of U.S. Homes Sold

Distressed Sales Account for 8 Percent of U.S. Homes Sold

According to CoreLogic, distressed home sales in the U.S., which include REO and short sales, accounted for 7.8 percent of total home sales nationally in June 2016. Read More »

U.S. Hotel Industry Stock Index Upticks in August

U.S. Hotel Industry Stock Index Upticks in August

STR is reporting this week that their Baird/STR Hotel Stock Index increased 0.9% in August to close the month at 3,349. Year to date, the index is up 8.2%. The Hotel Brand sub-index reported a 1.5% increase to 4,366 in August. Read More »

Pending Home Sales in U.S. Uptick in July

Pending Home Sales in U.S. Uptick in July

According to the National Association of Realtors, U.S. pending home sales expanded in most of the country in July 2016, and reached their second highest reading in over a decade. Only the Midwest saw a dip in contract activity last month. Read More »


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Global Property Spotlight

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

Brand New Residences Bring Modern Luxury Living to Paradise Island Bahamas

In the heart of breathtaking Paradise Island adjacent to Nassau, Bahamas, a very rare residential opportunity will soon be available. Opportunities like this are extremely limited on this 685 acre island paradise. Read More »

Last Updated October 6, 2016 8:00 AM ET

Atlantic City Property News

Sales of newly built, single-family homes in the U.S. rose 3.5 percent in June 2016 from an upwardly revised May 2016 reading to a seasonally adjusted annual rate of 592,000 units.

The American Institute of Architects is reporting this week that buoyed by increasing levels of demand across all project types, the Architecture Billings Index (ABI) was positive in June 2016 for the fifth consecutive month.

According to STR, the U.S. hotel industry reported positive results in the three key performance metrics for the second quarter of 2016.

Based on Freddie Mac's latest Primary Mortgage Market Survey, average fixed mortgage rates in the U.S. dropped to new 2016 lows in the wake of the Brexit vote.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 24, 2016, U.S. mortgage applications decreased 2.6 percent from one week earlier.

268,000 U.S. homeowners regained positive equity in Q1 2016, bringing the total number of mortgaged residential properties with equity at the end of Q1 2016 to approximately 46.7 million.

According to Irvine, Ca-based RealtyTrac's First Quarter 2016 U.S. Foreclosure Market Report, foreclosure activity in the U.S. was below pre-recession levels in 78 out of 216 U.S. metropolitan statistical areas (36 percent).

Technology firms and start-ups aren't just exploring new U.S. markets, and they're starting to plant roots.

foreclosure filings were reported on 115,134 U.S. properties in October 2015, an increase of 6 percent from the previous month but still down 6 percent from a year ago.

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