Vacant Homes in Foreclosure Increases for Fifth Straight Quarter Based on ATTOM’s newly released second-quarter 2023 Vacant Property and Zombie Foreclosure Report, almost 1.3 million (1,285,633) residential properties in the United States are vacant. That figure represents 1.3 percent, or one in 79 homes, across the nation. The report also reveals that 311,508 residential properties…
According to new data from the Mortgage Bankers Association’s latest Weekly Mortgage Applications Survey for the week ending May 19, 2023, U.S. mortgage applications decreased 4.6 percent from one week earlier. The Market Composite Index, a measure of mortgage loan application volume, decreased 4.6 percent on a seasonally adjusted basis from one week earlier. On…
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 April 2023 increased 4.1% to a 683,000 seasonally adjusted annual rate from a downwardly revised reading in March 2023. This is the highest level since March 2022. “A lack of…
You’ve been searching online and found a few homes that meet your criteria of three bedrooms and two bathrooms. But as you read the listing descriptions that indicate one house is on 0.23 acres and another has a lot size of 8,730 square feet, you’re baffled by what these numbers actually represent. Your digital assistant…
Most real estate agents in Texas get paid through commissions. Commissions are typically calculated as a percentage of a property’s sale price, though some brokerages will charge a flat fee. The average agent commission rate nationwide is 5.8% of the home sale price, according to HomeLight’s real estate transaction data of thousands of home sales…