CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for September 2022. For the month of September, 2.8% of all mortgages in the U.S. (approximately 1.4 million loans) were in some stage of delinquency (30 days or more past due, including those in foreclosure), … [More]

Investor home purchases fell 30.2% year over year nationwide in the third quarter, according to a new report from Redfin, the technology-powered real estate brokerage. That is the largest decline since the Great Recession aside from the second quarter of 2020, when investor activity plummeted due to the onset of the pandemic. It outpaced a 27.4% drop in overall home purchases … [More]

The Phoenix retail real estate landscape has seen a 2% point decrease in vacancy since the third quarter of last year, highlighting the desire of Valley residents to return to pre-pandemic shopping habits, which is made easier thanks to the region’s warmer temperatures and plethora of outdoor shopping locations Retailers have applied lessons learned from the past two years … [More]

Pending home sales fell the most on record in October and deal cancellations and price cuts hit record highs, according to a new report from Redfin, the technology-powered real estate brokerage. Pending sales dropped 32.1% year over year last month, the largest decline since at least 2013, when Redfin’s records begin. Nearly 60,000 home-purchase agreements fell … [More]

Buyers and sellers are both stepping away as skyrocketing mortgage rates have settled the housing market into a more balanced state, according to the latest Zillow® market report1. Home values remained nearly flat in October as new inventory waned and sales continued to fall from the pandemic frenzy. "Home prices in October remained in … [More]

A new report ranks Arizona and Maricopa County as national leaders for adding skilled jobs and workers over the last five years. For the fifth time in the last six years, Maricopa County claimed the no. 1 spot in the Talent Attraction Scorecard released by Lightcast, a global leader in labor market analytics. New this year, the report ranked states for their talent attraction … [More]

Home-sale prices rose 3.2% year over year during the four-week period ending November 6, the smallest increase since July 2020, according to a new report from Redfin, the technology-powered real estate brokerage. The median home sale price has fallen 8.4% from its all-time high in June, when the average 30-year fixed mortgage rate was over a point lower than it is now. … [More]

The four U.S. metropolitan areas with the highest inflation rates in the third quarter are migration hotspots, according to a new report from Redfin, the technology-powered real estate brokerage. Phoenix, Atlanta, Tampa, FL and Miami experienced double-digit inflation and all ranked near the top of Redfin’s list of most popular destinations for relocating … [More]

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis, the same increase as in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.7 percent before seasonal adjustment. The index for shelter contributed over half of the monthly all items … [More]

NFIB’s Small Business Optimism Index declined 0.8 points in October to 91.3, which is the 10th consecutive month below the 49-year average of 98. Thirty-three percent of owners reported that inflation was their single most important problem in operating their business, three points higher than September’s reading and four points lower than July’s highest reading since the … [More]