Median-priced single-family homes and condos remain less affordable than historical averages in more than 95 percent of U.S. counties, according to ATTOM, Irvine, Calif.
Tag: Rob Barber
‘Home Flipping’ Plummets as Profits Slump
Home flipping fell nearly 30% in 2023 compared to the year before, according to ATTOM, Irvine, Calif.
ATTOM: California, New Jersey, Illinois Face Higher Risk of Housing Market Decline
California, New Jersey and Illinois have the highest concentrations of “at-risk” markets in the country, reported ATTOM, Irvine, Calif.
ATTOM: Foreclosure Activity Increases in January
ATTOM, Irvine, Calif., released its January U.S. Foreclosure Market Report, showing there were 33,270 properties with foreclosure filings in the month–up 5% from a year ago and up 10% from December.
ATTOM: Portion of Equity-Rich Homes Dips Slightly in Q4
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.
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.
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.
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