World News
Residential Mortgage Originations in U.S. Drop to Lowest Point in 23 Years
Based on ATTOM's latest quarterly 2023 U.S. Residential Property Mortgage Origination Report, just 1.25 million mortgages secured by residential property (1 to 4 units) were originated in the first quarter of 2023 in the United States - the lowest point since late-2000.
U.S. Office Vacancies to Peak in Late 2024, Says CBRE
According to a new report from CBRE, there is relief for the U.S. office market on the long-term horizon in the form of constrained new supply.
America's Home Prices May Not See a New Peak in 2023
Based on Realtor.com's latest Monthly Housing Trends Report released today, U.S. home prices rose slightly in May 2023, but price growth slowed to the lowest rate on record since 2016, suggesting home prices may not see a new peak in 2023.
Greater Fort Lauderdale Area Residential Sales Down 31 Percent Annually in April
According to the Miami Association of Realtors, Broward County Florida total home sales decreased 31.4% year-over-year in April 2023, from a historic 3,489 transactions in April 2022 to 2,393 in April 2023, because of rising mortgage rates, the recent banking crisis and overall economic uncertainty.
Mortgage Applications Dip Again in Late May
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending May 26, 2023, U.S. mortgage applications decreased 3.7 percent from one week earlier.
