Washington D.C. Real Estate News
Washington D.C.
2023 U.S. Home Sales Was Worst Year in 3 Decades Says NAR
According to the National Association of Realtors, U.S. existing-home sales retreated again in December 2023. Among the four major U.S. regions, sales slipped in the Midwest and South, rose in the West and were unchanged in the Northeast. All four regions experienced year-over-year sales decreases.
U.S. Delinquency Rates for Commercial Properties Increased 6 Percent in Q4 of 2023
Based on the Mortgage Bankers Association's latest commercial real estate finance (CREF) Loan Performance Survey, U.S. delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2023.
U.S. Foreclosure Activity Increased 10 Percent in 2023
Based on ATTOM's Year-End 2023 U.S. Foreclosure Market Report, U.S. foreclosure filings were reported on 357,062 U.S. properties in 2023, up 10 percent from 2022 and up 136 percent from 2021 but down 28 percent from 2019, before the pandemic shook up the market.
U.S. Mortgage Applications Jump 10 Percent in the First Week of 2024
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending January 5, 2024, U.S. mortgage applications increased 9.9 percent from one week earlier. The results include an adjustment to account for the New Year's holiday.
Washington D.C. Property News
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