Irvine Real Estate News
Irvine
Mortgage Delinquency Rates in U.S. Near Historic Lows in November
According to CoreLogic's latest monthly Loan Performance Insights Report for November 2022, 2.9% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.7 percentage point decrease compared to 3.6% in November 2021.
High U.S. Housing Costs Drove Record Relocations in 2022
National property broker Redfin is reporting that a record one-quarter (24.6%) of Redfin.com users looked to move to a different metro area in the fourth quarter of 2022. That's up from 22.1% a year earlier and around 18% before the pandemic.
Record Number of U.S. Home Sellers Gave Concessions to Buyers in Late 2022
According to national property broker Redfin, home sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter of 2022 --the highest share of any three-month period in Redfin's records.
Single Family Rent Growth in U.S. Dips for Seventh Consecutive Month
Based on CoreLogic's latest Single-Family Rent Index, single-family rental price increases dropped to 7.5% year over year in November 2022, with all four tracked price tiers posting lower gains than a year earlier.
