Jersey City Real Estate News
Jersey City
U.S. Housing Industry Reacts to the Federal Reserve's Late 2024 Rate Cut
This week, the Federal Reserve reduced its key interest rate by a quarter percentage point, marking the third consecutive cut and signaling a cautious outlook for future reductions.
New Home Sales Hit 2 Year Low in America
The National Association of Home Builders (NAHB) reports that rising mortgage rates and persistent affordability challenges kept many potential homebuyers on the sidelines in October 2024.
U.S. Commercial Mortgage Debt Hits $4.7 Trillion in Q2 as Delinquencies Increase
According to the latest Commercial Delinquency Report from the Mortgage Bankers Association (MBA), U.S. commercial mortgage delinquencies rose in the second quarter of 2024.
Zombie Foreclosures in U.S. Decline in Q3, Reaching Lowest Levels Since 2021
Based on ATTOM's newly released third-quarter 2024 Vacant Property and Zombie Foreclosure Report, almost 1.4 million (1,357,423) residential properties in the United States are vacant. That figure represents 1.3 percent, or one in 76 homes, across the nation - roughly the same as in the second quarter of this year.
