46.1 percent of mortgaged residential properties in the United States were considered equity-rich in the fourth quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values.
Based on the Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics' 2023 Union Members Summary, a historic low of 10.7% of the construction industry belongs to a union in 2023, a decline from 11.7% in 2022.
According to the National Association of Realtors, U.S. existing-home sales retreated again in December 2023. Among the four major U.S. regions, sales slipped in the Midwest and South, rose in the West and were unchanged in the Northeast. All four regions experienced year-over-year sales decreases.
According to new CBRE research, the U.S. multifamily market continued to see healthy demand in the third quarter of 2023, though rent growth slowed from previous highs.
National property broker Redfin says there are new signs pointing to a shift toward a buyer's market in 2024, as pandemic-driven inflation takes its last gasps, mortgage rates come down and more people list their homes for sale.
Posted on October 19, 2023