Boston Real Estate News
Boston
U.S. Builder Confidence Falls in August, Driven by Rising Mortgage Rates
The National Association of Home Builders is reporting this week U.S. builder confidence retreated in August 2023 as rising mortgage rates and stubbornly high shelter inflation have further eroded housing affordability and put a damper on consumer demand.
U.S. Foreclosures Uptick 5 Percent Annually in July
Based on ATTOM's newly released July 2023 U.S. Foreclosure Market Report, there were a total of 31,877 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- down 9 percent from a month ago but up 5 percent from a year ago.
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.
Apartment Markets Across America Continue to Stabilize in 2023
According to CBRE's latest research, the U.S. multifamily market showed signs of stabilization in the second quarter of 2023 with a rebound in absorption and modest uptick in vacancy.
