Detroit Real Estate News
Detroit
Single Family Rent Growth in U.S. Drops to 3-Year Low in July
Based on CoreLogic's latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas, U.S. rent growth continued to relax year over year in July, falling to 3.1%.
Home Purchase Cancellations Accelerating in the U.S.
According to national property broker Redfin, residential real estate deals are falling through at the highest rate in almost a year as high mortgage rates give homebuyers sticker shock.
U.S. Construction Input Costs Uptick in August
According to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics Producer Price Index data, residential construction input prices rose 1.5% in August 2023 compared to the previous month.
Monthly Property Foreclosure Activity Upticks in U.S.
There were a total of 33,952 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- up 7 percent from a month ago but down 2 percent from a year ago.
