1.3 million (1,277,612) residential properties in the United States are vacant. That figure represents 1.3 percent, or one in 79 homes, across the nation - the same as in the second quarter of this year.
The sizable U.S. home investor share of ownership seen over the past two years held steady going into the summer of 2023. In March 2023, investors accounted for 27% of all single-family home purchases; by June, that number was almost unchanged at 26%.
According to the Orlando Regional Realtor Association, overall residential sales fell 8.7% from June to July 2023. There were 2,852 sales in July, down from 3,124 sales in June. Sales in July 2023 were also 13.8% lower than July 2022, when there were 3,309 sales.
Based on new data by the Miami Association of Realtors, Miami-Dade County area total home sales decreased 13.6% year-over-year in July 2023, from a historic 2,375 transactions in July 2022 to 2,051 in July 2023, because of elevated mortgage rates and lack of supply in certain price points.
Based on new data from CommercialEdge, a slowdown in venture capital funding has hit the life sciences sector hard in 2023, driven by rising interest rates, the collapse of Silicon Valley Bank, and general economic uncertainty.