Here’s a quick roundup of housing market stories this week:
Tag: Rick Sharga
Ahead of MBA Survey, Reports Show Drops in Delinquencies, Foreclosures
Ahead of this Thursday’s release of the quarterly MBA National Delinquency Survey, reports from CoreLogic, Irvine, Calif., and ATTOM, Irvine, show declines in both mortgage delinquencies and foreclosure activity.
2Q Homeowner Equity Spikes; Tappable Equity Again at Record High
Reports from ATTOM, Irvine, Calif., and Black Knight, Jacksonville, Fla., confirm the importance of home equity in a tightening mortgage market.
ATTOM: 2Q Home Seller Profits Surge
ATTOM, Irvine, Calif., said profit margins on typical home sales hit another record in the second quarter amid the fastest rise in home prices in more than a decade.
ATTOM: Foreclosure Activity Jumps 219% in 1st Half of Year
ATTOM, Irvine, Calif., said foreclosure starts jumped by 219 percent in the first six months of 2022, close to pre-COVID levels.
Housing Market Roundup, July 6 2022
Here is a summary of recent housing, market and economic reports that have come across the MBA NewsLink desk:
Rising Prices, Mortgage Rates Make Homeownership Unaffordable in Most Of U.S.
ATTOM, Irvine, Calif., said median-priced single-family homes and condos are less affordable in the second quarter compared to historical averages in nearly all U.S. counties.
Home Flipping Spikes; Profits Don’t
ATTOM, Irvine, Calif., reported a sharp increase in home flipping in the first quarter—but profits did not necessarily follow suit.
Results Mixed on Spring Foreclosure Activity
New reports present a mixed bag on U.S. foreclosures, with CoreLogic, Irvine, Calif., reporting a new low in foreclosure rates, while ATTOM, Irvine, reported an uptick in foreclosure activity.
Results Mixed on Spring Foreclosure Activity
New reports present a mixed bag on U.S. foreclosures, with CoreLogic, Irvine, Calif., reporting a new low in foreclosure rates, while ATTOM, Irvine, reported an uptick in foreclosure activity.