Philadelphia Real Estate News
Philadelphia
Mortgage Delinquencies Decline 22 Straight Months in January
Based on CoreLogic's latest Loan Performance Insights Report for January 2023, 2.8% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.5 percentage point decrease compared with 3.3% in January 2022 and a 0.2 percentage point decrease compared with December 2022.
U.S. Mortgage Applications Increase in Late March
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending March 24, 2023, U.S. mortgage applications increased 2.9 percent from one week earlier.
Home Flipping Profits in U.S Drop to 14 Year Low
Based on ATTOM's year-end 2022 U.S. Home Flipping Report, 407,417 single-family homes and condos in the United States were flipped in 2022. That was up 14 percent from 357,666 in 2021, and up 58 percent from 2020, to the highest point since at least 2005.
Tech Heavy Housing Markets in U.S. Cooling Fastest in 2023
According to national property broker Redfin, tech heavy U.S. housing markets and pandemic migration hotspots nationwide are cooling more rapidly than other parts of the U.S as the tech sector falters and mortgage rates remain elevated.
Philadelphia Property News
Homeownership for Young Single Women Declined in 2022, First Time in 6 Years
Posted on March 27, 2023
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