Philadelphia Real Estate News
Philadelphia
Share of U.S. Mortgages in Forbearance Dips to 4.5 Percent in Mid April
According to the Mortgage Bankers Association's latest Forbearance and Call Volume Survey, the total number of loans now in forbearance decreased by 1 basis point from 4.50% of servicers' portfolio volume in the prior week to 4.49% as of April 18, 2021.
U.S. Housing Shortage Increases in March, Driving Prices Up 18 Percent
U.S. property broker Redfin is reporting this week that the median home-sale price increased 18% year over year to $344,625--an all-time high.
U.S. Housing Market Enjoys Record Setting Prices in March as Sales Slide
According to the National Association of Realtors, existing-home sales fell in March 2021, marking two consecutive months of declines.
Despite Moratorium, U.S. Foreclosure Activity Increases 9 Percent in 2021
According to ATTOM Data Solutions Q1 2021 U.S. Foreclosure Market Report, there were a total of 33,699 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- during the first quarter of 2021.
