Jupiter Real Estate News
Jupiter
Rising Inflation, Supply Chain Woes All Impacting New Home Construction in U.S.
U.S. single-family housing market continued to show signs of softening in March 2022, as permits and starts declined due to rising mortgage interest rates and ongoing supply chain bottlenecks that continue to delay construction projects and raise home building costs.
U.S. Commercial Mortgage Lending to Hit $895 Billion in 2022
Based on a new forecast by the Mortgage Bankers Association, total U.S. commercial and multifamily mortgage borrowing and lending is expected to hold steady at a projected $895 billion of total lending in 2022, roughly in line with 2021 totals ($891 billion).
U.S. Home Sales Fell Dip March, Buying Costs Continue to Spike
According to national property broker Redfin, U.S. homes sold at their fastest pace and for more above list price in March 2022 than any other March on record.
U.S. Mortgage Delinquency Rates Drop in Late 2021
Based on CoreLogic's latest monthly Loan Performance Insights Report for November 2021, 3.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure)
