Jacksonville Real Estate News
Jacksonville
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.
Thirty One Percent of all U.S. Home Sales Are New Construction in Q3
Based on new research by Redfin's data journalist Lily Katz, nationwide, 30.6% of U.S. single-family homes for sale in the third quarter were new construction. That's the highest share of any third quarter on record and up from 28.9% one year earlier and 25% two years earlier.
National Mortgage Delinquency Rates in U.S. Hit Historic Low in August
2.6% 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 0.2 percentage point decrease compared with 2.8% in August 2022 and a 0.1 percentage point decrease from July 2023.
U.S. Commercial, Multifamily Mortgage Delinquencies Increase in Q3
According to the Mortgage Bankers Association's latest commercial real estate finance Loan Performance Survey, U.S. delinquency rates for mortgages backed by commercial and multifamily properties increased during the third quarter of 2023.
