Housing Affordability Crisis Deepens: Foreclosure Trends in 2024
Category: Real Estate Total Views: 219By : Editor Updated: 06-14-2024
Rising Foreclosures in 2024
Through 2024, home foreclosures will continue rising. Economic strains were evident in May when more Americans lost their homes. A 3% increase in foreclosure filings over the prior year is shown by the most recent ATTOM data. Still, that's a 7% drop from the same time last year. The statistics point up changes in the real estate market. While foreclosure starts increased, in some places completed foreclosures fell. This points to resilience in speci... Read More
Bank of America Predicts Multiple Rate Cuts by 2026
Category: Real Estate Total Views: 267By : Editor Updated: 06-14-2024
Mortgage Rates Slightly Decline to 6.95%
Freddie Mac reports that the average rate on a 30-year fixed mortgage fell to 6.95% this week, down from 6.99% the previous. It might not be enough to draw in many homebuyers with this little decrease in mortgage rates. Though the drop is welcome, it has little effect on overall affordability. Waiting for a more significant drop, many buyers stay put. Considering past norms, the rates are still rather high now. The monetary policy stance of... Read More
The Impact of Geopolitical Tensions on Global Real Estate
Category: Real Estate Total Views: 1078By : Editor Updated: 06-08-2024
Geopolitical Tensions and Real Estate
Tensions in geopolitics have an impact on world markets, including real estate. Economic disruptions brought on by political unrest impact property demand. Investors look for stable areas to reduce risk. Economic sanctions change trade, which affects property prices.
Markets for real estate are shaped by governments. Political choices affect property taxes and zoning regulations. Real estate foreign investments are impacted by intern... Read More
Sun Belt Real Estate: Why It's the Hottest Market in 2024
Category: Real Estate Total Views: 174By : Editor Updated: 05-31-2024
The Sunbelt region, which comprises of the South and the Southwest of the United States, is in the center of real estate frenzy in 2024. This region enjoys a favorable warm climate for living and a favorable business climate for investment, with demands for both home and commercial properties steadily rising. The demand for Sun Belt cities increases more and more among people who live there, those who work and invest in real estate; this region is the hottest one for this year.
The... Read More
Digital Transformation in Real Estate: Trends to Watch in 2024
Category: Real Estate Total Views: 277By : Editor Updated: 05-29-2024
Introduction: Transforming Real Estate
Over the last few years, the real estate industry has been subjected to quite a lot of changes, mostly to the increased adoption of technology. Thus, with each passing year and more specifically with the progression in 2024 indicated above, it is evident that this transformation is still ongoing and continuously accelerating. Now, it's time to explore how and where real estate companies are affected by digital transformation, what changes... Read More