According to the ATTOM Data’s Q3 2022 Vacant Property and Zombie Foreclosure Report, there were 1.3 million (1,277,162) residential properties in the United States sitting vacant, representing 1.3%, or one in 78 homes, across the nation.  The report also reveals that 270,470 residential properties in the U.S. are in the process of foreclosure in Q3 of this year, up 4.4% from Q2, 2022 and up 25.5% from Q3 of 2021.

In mid-August Airbnb announced that they introducing new “anti-party tools” in the US and Canada to help identify potentially high-risk reservations and prevent those users from taking advantage of their platform. The new Airbnb system system looks at several factors such as the history of positive reviews (or lack of them), length of time the guest has been on Airbnb, length of the trip, distance to the listing, weekend vs. weekday, among many others.

WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week as inflation worries remained at the fore and the slowdown in economic growth weighs on the housing market.

Mortgage buyer Freddie Mac reported Thursday that the 30-year rate increased to 5.55% from 5.13% last week. Last year at this time, the rate stood at 2.87%.

Real property purchasers in a commercial setting should be apprised of any potential environmental liabilities they may assume upon purchase. Purchasers typically conduct environmental due diligence that involves a range of potential risks impacting the property’s value. Due diligence can reveal issues such as contaminated soil and groundwater, operational issues such as permit compliance, and threats to human health and the environment.