ATTOM, Irvine, Calif., found the rate of house flipping–while still historically high–has fallen to the lowest point in two years.
Tag: ATTOM
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
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.
Quote: Nov. 16, 2023
“Given the inextricable link between mortgage lending, the American Dream, and the overall health of the economy, banking regulators should be doing whatever they can to support real estate markets and the broader economy. Unfortunately, the opposite is happening.”
–MBA President & CEO Bob Broeksmit, CMB
ATTOM: Equity-Rich Portion of Mortgaged Homes Slips at Fastest Pace in At Least Four Years
Just over 47% of mortgaged residential properties in the U.S. were considered “equity-rich” in the third quarter, decreased from 49.2% in the second quarter, according to ATTOM, Irvine, Calif.
‘Zombie’ Foreclosures Rise as Lenders Pursue More Delinquent Mortgages: ATTOM
Nearly 1.3 million residential properties in the United States are vacant, according to ATTOM, Irvine, Calif.
ATTOM Finds Profit Margins, Homeownership Tenure, Cash Sales Up
ATTOM, Irvine, Calif., released its third-quarter 2023 U.S. Home Sales Report, showing profit margins on median-priced homes are up from the second quarter, along with other metrics such as homeownership tenure and cash sales.