According to the CommercialEdge latest U.S. industrial market report, despite elevated levels of new supply coming online over the past few years, the continued demand for industrial space is keeping market fundamentals healthy across the U.S. The national average rent for in-place leases stood at $7.12 per square foot in February, growing 6.9% over year-ago figures.
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.
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.
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.
According to new data from Zillow, single men have long been more likely than single women to own a home, but that gap narrowed sharply in recent years, nearly closing in 2021.
Posted on March 27, 2023
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