The WPJ

Irvine

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.

U.S. Foreclosure Activity Increased 10 Percent in 2023

Based on ATTOM's Year-End 2023 U.S. Foreclosure Market Report, U.S. foreclosure filings were reported on 357,062 U.S. properties in 2023, up 10 percent from 2022 and up 136 percent from 2021 but down 28 percent from 2019, before the pandemic shook up the market.

U.S. Home Sales Remain Relatively Flat in November

According to the National Association of Realtors, existing-home sales grew in November 2023, breaking a streak of five consecutive monthly declines. Among the four major U.S. regions, sales climbed in the Midwest and South but receded in the Northeast and West.

California Home Sales Remain Stalled in October

Based on new data from the California Association of Realtors, California home sales were essentially flat in October 2023, as the cost of borrowing remained elevated and housing inventory continued to be tight. 

Irvine Property News












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