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.

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.

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

ATTOM: Foreclosure Activity Steady In October

ATTOM, Irvine, Calif., found 34,472 U.S. properties with foreclosure filings in October, down 6 percent from a month ago but up 6 percent from a year ago.