ATTOM, Irvine, Calif., launched the ATTOM Rental AVM (Automated Valuation Model). The new software, built from the foundation of the company’s nationwide property database, provides rent estimates for more than 72 million single-family residences nationwide.
Tag: ATTOM
News Briefs From ATTOM, First American Financial Corp.
ATTOM, Irvine, Calif., launched the ATTOM Rental AVM (Automated Valuation Model). The new software, built from the foundation of the company’s nationwide property database, provides rent estimates for more than 72 million single-family residences nationwide.
ATTOM: 1Q Home Sales, Seller Profits Decline
ATTOM, Irvine, Calif., said profit margins on median-priced single-family home sales across the United States dipped to 47.2 percent in the first quarter – the first quarterly decline since late 2019 and the largest in a decade.
Housing Market Roundup Apr. 21, 2022
Here is a summary of housing/economic stories that recently came across the MBA NewsLink desk:
2021 Single-Family Property Taxes Rise to $328 Billion
ATTOM, Irvine, Calif., said its 2021 property tax analysis of nearly 87 million U.S. single family homes reported $328 billion in property taxes levied on single-family homes, up 1.6 percent from $323 billion in 2020, but well down from the 5.4 percent increase seen from 2019 to 2020.
Home Affordability Gets Tougher as Prices, Rates Surge
ATTOM, Irvine, Calif., said median-priced single-family homes were less affordable in the first quarter compared to historical averages in 79 percent of counties across the nation.
Home Flipping Profits Fall to 10-Year Low
Although home flipping increased by more than 26 percent in 2021, ATTOM, Irvine, Calif., said gross profit margins fell to their lowest level in 10 years and at a pace not seen in 15 years.
ATTOM: 4Q Lending Falls at Fastest Pace in 3 Years
ATTOM, Irvine, Calif., said mortgage lending across the U.S. fell in the fourth quarter, marking the third straight quarterly decrease and at the fastest pace since 2019.
1Q ‘Zombie’ Properties Edge Down Despite Uptick in Foreclosure Activity
ATTOM, Irvine, Calif., reported a drop in vacant “zombie” properties in the first quarter despite an increase in foreclosure activity for the second straight quarter.
Industry Briefs Feb. 18, 2022: Constellation Mortgage Solutions Acquires ReverseVision
Constellation Mortgage Solutions Inc., Southfield, Mich., acquired ReverseVision Inc., San Diego, a provider of Home Equity Conversion Mortgage and private reverse mortgage sales origination software.