ATTOM: Homeownership Slips into ‘Unaffordable’ in 4Q

ATTOM Data Solutions, Irvine, Calif., said median home prices of single-family homes and condos in the fourth quarter of 2020 were less affordable than historical averages in 55 percent of counties with enough data to analyze, up from 43 percent a year ago and 33 percent three years ago.

Housing Market Roundup, Dec. 24, 2020

It’s almost the end of a year many of us would like to forget—unless, of course, we’re a mortgage banker. Here’s a summary of a plethora of reports that crossed the MBA NewsLink desk in the past few days:

3Q Home Flipping Drops but Profits Reach Record High

ATTOM Data Solutions, Irvine, Calif., said home flipping fell in the third quarter from both the second quarter and a year ago, but profits—and profit margins—jumped to record highs.

Industry Briefs Dec. 1, 2020

Fitch Ratings, Chicago, said while the ongoing coronavirus pandemic has negatively impacted the broader economy, the title insurance industry remains positioned for favorable margins with positive housing and mortgage market fundamentals heading into 2021.

Housing Market Roundup Nov. 16, 2020

Redfin, Seattle, said popular second-home destinations including the Jersey Shore, Cape Cod, Lake Tahoe, Palm Springs and Bend, Ore., are heating up and becoming full-time residences for homebuyers who have the luxury of working remotely.

3Q Home Equity Levels Rise Despite Pandemic

ATTOM Data Solutions, Irvine, Calif., said equity-rich properties in the U.S. now outnumber those considered seriously underwater by a nearly 5-1 margin.