While we were in San Diego last week for the MBA Annual Convention & Expo, a number of housing reports came across the MBA NewsLink desk that we didn’t get a chance to cover. Here’s a quick summary of those reports:
Tag: ATTOM
Housing Market Roundup Oct. 7, 2021
Here’s a summary of current housing market reports that came across the MBA NewsLink desk:
Home Affordability Slips Again
ATTOM, Irvine, Calif., reported median-priced single-family homes are less affordable compared to historical averages in 75 percent of counties across the nation with enough data to analyze.
Home Flipping Up, But Profits at 10-Year Low
ATTOM, Irvine, Calif., issued its second-quarter U.S. Home Flipping Report, showing an increase in flipping activity during the quarter but a drop in profit margins.
Foreclosure Activity Increases after Moratorium Ends
Foreclosure activity increased significantly in August after the federal foreclosure moratorium ended July 31, reported ATTOM, Irvine, Calif.
‘Zombie’ Properties Decline as Foreclosure Moratorium Lifts
ATTOM, Irvine, Calif., issued its third-quarter Vacant Property and Zombie Foreclosure Report showing 1.3 million residential properties in the United States sit vacant.
Migration of Homebuyers to Miami Triple Since Last Year
Last week saw two reports two reports that seemingly defied conventional wisdom—despite the very real effects of climate change, properties in some of the most vulnerable spots in the nation are actually attracting more interest—and higher prices. This week, another report shows Miami and other high-risk coastal areas continue to rank in the top 10 U.S. locations for net migration.
Climate Change? For Many Homebuyers, ‘Who Cares?’
The real estate industry is long-known for stories and anecdotes that seemingly defy logic—take, for example, the burnt-out home in San Francisco that last week drew a bidding war that pushed the final price above $1 million. Now, two separate reports show despite dire warnings about climate change, properties in some of the most vulnerable spots in the nation are actually attracting more interest—and higher prices.
2Q Mortgage Lending Slows Amid Refi Retreat
The second quarter of any year is usually the strongest for mortgage lending, but not this past quarter, according to ATTOM, Irvine, Calif.
July Foreclosure Activity Dips Slightly
ATTOM, Irvine, Calif., released its July U.S. Foreclosure Market Report, showing 12,483 U.S. properties with foreclosure filings, down 4 percent from a month ago but up 40 percent from a year ago.