Raleigh Real Estate News
Raleigh
U.S. Home Equity Continues to Dip in Q4
46.1 percent of mortgaged residential properties in the United States were considered equity-rich in the fourth quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values.
Falling U.S. Mortgage Rates Boost New Home Sales in December
According to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in December 2023 in the U.S. increased 8.0% to a 664,000 seasonally adjusted annual rate from an upwardly revised reading in November 2023.
U.S. Commercial, Multifamily Borrowing to Hit $576 Billion in 2024
Based on new data by the Mortgage Bankers Association, total commercial and multifamily mortgage borrowing and lending in the U.S. is expected to rise to $576 billion in 2024, which is a 29 percent increase from 2023's estimated total of $444 billion.
U.S. Delinquency Rates for Commercial Properties Increased 6 Percent in Q4 of 2023
Based on the Mortgage Bankers Association's latest commercial real estate finance (CREF) Loan Performance Survey, U.S. delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2023.
