ATTOM, Irvine, Calif., released its first-quarter U.S. Home Affordability Report showing buying conditions for house hunters may be improving as the portion of average wages nationwide required for typical major home-ownership expenses has fallen slightly to 30 percent.
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Home Flipping at 18-Year High, But Profits Drop Further
ATTOM, Irvine, Calif., reported an increase in home-flipping in 2022, but noted gross profits fell to their lowest point since 2008.
Housing Market Roundup Mar. 14, 2023
Here is a summary of recent housing reports that have come across the MBA NewsLink desk:
Foreclosure Activity Posts Monthly Decrease, Rises Annually
ATTOM, Irvine, Calif, said properties with foreclosure filings fell by 3 percent in February from January but rose by 18 percent from a year ago.
ATTOM: 4Q Mortgage Lending Slumps to 9-Year Low
ATTOM, Irvine, Calif., said just 1.52 million mortgages secured by residential property originated in the fourth quarter in the United States, down 24 percent from the third quarter, marking the seventh quarterly decrease in a row, and down 55 percent from a year ago, to the lowest level since 2014.
Foreclosure Activity Up 21st Straight Month
ATTOM, Irvine, Calif., said January foreclosure filings rose by 36 percent from a year ago and by 2 percent from December, although they remained low by historical standards.
Home Equity Flattens in 4Q
ATTOM, Irvine, Calif., said 48 percent of mortgaged residential properties in the United States were considered equity-rich in the fourth quarter, down slightly from the previous quarter but up from a year ago.