Jersey City Real Estate News
Jersey City
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.
U.S. Home Sales Uptick in July, First Time in 5 Months
According to recent data from the National Association of Realtors, existing-home sales saw an improvement in July 2024, halting a four-month streak of declines.
Black Homeownership Rises in America
Based on new data from Zillow, the U.S. homeownership rate for Black households has grown faster than average since 2019, but it's still below the high-water mark reached in 2004, before the Great Recession.
Commercial Real Estate Lending in U.S. Slowed in First Quarter
Based on new data from CBRE, the U.S. commercial real estate lending market slowed in Q1 2024 due to high interest rates and limited credit availability, but a tightening of credit spreads indicated signs of stabilizing.
