Newark Real Estate News
Newark
Biden Has a Housing Problem Which Hurts His 2024 Re-Election Bid
National property broker Redfin says there are new signs pointing to a shift toward a buyer's market in 2024, as pandemic-driven inflation takes its last gasps, mortgage rates come down and more people list their homes for sale.
Multifamily Apartment Rent Growth in U.S. Slows in Q3
According to CBRE's latest research, the U.S. multifamily market continued to see healthy demand in the third quarter of 2023, though rent growth slowed from previous highs.
One-Third of U.S. Home Sellers Give Concessions to Buyers
Based on new data from Redfin, U.S. home sellers gave concessions to buyers in 35% of U.S. home sales during the three months ending Oct. 31, 2023. That's about the same as one year earlier, but up from 27.6% from two years ago.
U.S. Mortgage Applications Dive 7 Percent in Mid-October
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending October 13, 2023, U.S. mortgage applications decreased 6.9 percent from one week earlier.
