ATTOM, Irvine, Calif., released its fourth-quarter 2023 U.S. Home Equity & Underwater Report, showing 46.1% of mortgaged residential properties in the U.S. were considered equity-rich, a slight drop from 47.4% in the third quarter.
Tag: ATTOM
ATTOM: 2023 Home Selling Profits Still High, but Drop for First Time Since 2011
ATTOM, Irvine, Calif., released its Year-End 2023 U.S. Home Sales Report, highlighting that home sellers garnered $121,000 in profit on a typical home, and a 56.5% return on investment, in 2023.
Renting, Buying Both Prompt Affordability Concerns, ATTOM Finds
ATTOM, Irvine, Calif., released its 2024 Rental Affordability Report, showing median three-bedroom rents in the U.S. are more affordable than owning a similarly sized home in the vast majority of local markets.
ATTOM: 2023 Foreclosure Filings Top 2022, but Remain Below Pre-Pandemic Numbers
ATTOM, Irvine, Calif., released data on year-end 2023 foreclosures, finding that foreclosure filings were up 10% from 2022 and 136% from 2021. However, they were down 28% from pre-pandemic 2019.
ATTOM: November Foreclosures Up Annually, Down From October
ATTOM, Irvine, Calif., recorded 32,120 U.S. properties in its November Foreclosure Market Report. That’s up 5% from November 2022 but down 7% from October.
Home Flipping Declines Again, ATTOM Finds
ATTOM, Irvine, Calif., found the rate of house flipping–while still historically high–has fallen to the lowest point in two years.
ATTOM: California, New Jersey, Illinois Have Highest Concentrations of At-Risk Markets
California, New Jersey and Illinois have the highest concentrations of the most-at-risk markets in the country, according to ATTOM, Irvine, Calif.
ATTOM: Mortgage Lending Declines Again in 3Q as Rates Rise
ATTOM, Irvine, Calif., said 1.54 million mortgages secured by residential property (1 to 4 units) were issued during the third quarter, a 3 percent decline from the prior three-month period.
People in the News, Nov. 29, 2023
Personnel news in the industry from Cenlar, ATTOM and Floify.
Quote: Nov. 17, 2023
“Home builders have been able to temper this high-rate environment by offering buyers rate buydowns and other incentives. We estimate that the pace of home sales increased for the third straight month to a 715,000-unit annual pace – the strongest sales month since May 2023.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist