National property broker Redfin reports this week that real estate investors purchased 48.6% fewer homes in the first quarter of 2023 than they did a year earlier as elevated interest rates along with declining rents and housing values ate into potential profits.
Based on ATTOM's latest quarterly 2023 U.S. Residential Property Mortgage Origination Report, just 1.25 million mortgages secured by residential property (1 to 4 units) were originated in the first quarter of 2023 in the United States - the lowest point since late-2000.
According to a new report from CBRE, there is relief for the U.S. office market on the long-term horizon in the form of constrained new supply.
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending May 26, 2023, U.S. mortgage applications decreased 3.7 percent from one week earlier.