World News
U.S. Mortgage Rates Ticked Down in Late January
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.13 percent as of January 26, 2023.
Mortgage Delinquency Rates in U.S. Near Historic Lows in November
According to CoreLogic's latest monthly Loan Performance Insights Report for November 2022, 2.9% 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 0.7 percentage point decrease compared to 3.6% in November 2021.
High U.S. Housing Costs Drove Record Relocations in 2022
National property broker Redfin is reporting that a record one-quarter (24.6%) of Redfin.com users looked to move to a different metro area in the fourth quarter of 2022. That's up from 22.1% a year earlier and around 18% before the pandemic.
Palm Beach County Home Sales Down 40 Percent Annually in December
According to the Miami Association of Realtors, Palm Beach County sold 28,838 total homes (or 79 transactions per day) in 2022.
New Home Starts Uptick in December as Multifamily Production Weakens in U.S.
According to a new report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, single-family housing starts posted a double-digit percentage gain in December 2022.
