The WPJ

Phoenix

Record High Multifamily Construction Deliveries Drive Vacancy Rates Higher

According to CBRE's latest research, the U.S. multifamily market experienced a surge in new construction deliveries in 2023, leading to a slowdown in rent growth.

Homes in 86 Percent of U.S. Metros Enjoyed Price Gains in Q4

Based on the National Association of Realtors' latest quarterly report, more than 85% of U.S. metro markets (189 out of 221) registered home price increases in the fourth quarter of 2023 as the 30-year fixed mortgage rate dropped from 7.79% to 6.61%.

U.S. Home Equity Continues to Dip in Q4

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.

Falling U.S. Mortgage Rates Boost New Home Sales in December

According to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in December 2023 in the U.S. increased 8.0% to a 664,000 seasonally adjusted annual rate from an upwardly revised reading in November 2023.

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