US Foreclosure Activity Sees Spike in May 2023 – Examining the Future of Urban Spaces

IMS-Datwawise-Blog

IRVINE, Calif. – June 8, 2023 – ATTOM, a leading curator of land, property, and real estate data, today released its May 2023 US Foreclosure Market Report, which shows there were a total of 35,196 US properties with foreclosure filings – default notices, scheduled auctions, or bank repossessions – up 7% from a month ago, and up 14% from a year ago.

Pricing, Moratorium Effects, and Demand for the Real Estate Industry

Datawise-blog

Contrary to what industrial experts anticipated, the US real estate market is booming. Even during the uncertainties of the COVID-19 catastrophe, there seems to be a keen appetite for buying properties. However, demand is signifying a price increase for new and older homes.