Jersey City Real Estate News
Jersey City
U.S. Housing Industry Reacts to Fed's Historic Rate Hike
Today's announcement by the Federal Reserve set a big increase in interest rates and means several more rounds of rate hikes are on the way in upcoming months.
Declining U.S. Builder Confidence Confirms Further Economic Troubles in 2022
According to the latest National Association of Home Builders Wells Fargo Housing Market Index, rising inflation and higher mortgage rates are slowing traffic of prospective homebuyers and putting a damper on builder sentiment.
U.S. Foreclosures Uptick in May
According to ATTOM's May 2022 U.S. Foreclosure Market Report, there were a total of 30,881 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- up 1 percent from a month ago but up 185 percent from a year ago.
U.S. Homebuyer Demand Declined 10.7 Percent Annually in April
According to the latest data from ShowingTime, U.S. buyer competition for listings was slightly subdued in April 2022 as 103 markets across the country recorded double-digit showings per listing, compared to 146 in April 2021 and 121 in March of 2022.
