The Real Deal New York

Incidents of property crime are falling across the country says FBI

But it still amounted to $15.3B in damages and is more likely to happen to you than violent crime
September 29, 2018 03:00PM

(Credit from left: Public Domain Pictures.net, Max Pixel)

Your property is a little bit safer today than it was last year, the Federal Bureau of Investigation said this week.

A countrywide review of property crime, defined as “burglary, larceny-theft, motor vehicle theft, and arson,” found that the number of incidents fell by 3 percent between 2016 and 2017, according to the FBI, as reported by Inman.

However, damages from property crime in the same time-frame amounted to a staggering $15.3 billion. The FBI also noted that homeowners were more likely to experience break-ins than violent crimes.

Over the past decade, the nationwide property crime rate has dropped about 26 percent, according to the FBI.

Globally though, real estate investment fraud is happening with increasing frequency, buoyed by e-commerce, social media and law enforcement’s inability to pursue bad actors across borders, as The Real Deal has reported. [Inman]–Erin Hudson