Atlantic City Real Estate News
Atlantic City
U.S. Homeowners Enjoyed an Annual $28,000 Equity Gain in Q1
Based on CoreLogic's Homeowner Equity Report for the first quarter of 2024, U.S. homeowners with mortgages (which account for roughly 62% of all properties) saw home equity increase by 9.6% year over year.
Home Purchase Cancellations Accelerating in the U.S.
According to national property broker Redfin, residential real estate deals are falling through at the highest rate in almost a year as high mortgage rates give homebuyers sticker shock.
Mortgage Applications Dip in Late July
According to data from the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending July 28, 2023, U.S. mortgage applications decreased 3.0 percent from one week earlier.
U.S. Home Sales Down 23 Percent in First Half of 2023 Says NAR
According to the National Association of Realtors, existing U.S. home sales dipped month over month in June 2023. Home sales varied among the four major U.S. regions, with the Northeast experiencing gains, the Midwest holding steady, and the South and West posting decreases. All four regions recorded year-over-year sales declines.
