Ahead this morning’s MBA 1st Quarter National Delinquency Survey, ATTOM, Irvine, Calif., reported 32,977 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 10 percent from a month ago but up 8 percent from a year ago.
Tag: Rob Barber
Home Equity Falters as Housing Market Remains Stalled
ATTOM, Irvine, Calif., released its first-quarter U.S. Home Equity & Underwater Report, showing 47.2 percent of mortgaged residential properties in the United States were considered equity-rich in the first quarter, down slightly from 48 percent in the fourth quarter.
Roundup: April Private-Sector Employment Up 296,000; Home Equity Falters as Housing Market Remains Stalled
In today’s Roundup, ADP reports April private-sector employment rose by nearly 300,000, while ATTOM says quarterly home equity lending data shows a continued drop amid a “stalled” housing market.
Home Sellers See Further Declines in Profits
ATTOM, Irvine, Calif., reported profit margins on median-priced single-family home and condo sales across the United States decreased to 44.2 percent in the first quarter as home prices stayed flat or kept declining around most of the nation.
ATTOM: 1Q Foreclosure Starts Up 29%; REO at 3-Year High
ATTOM, Irvine, Calif., said first quarter foreclosure filings rose by 6 percent from the fourth quarter and by 22 percent from a year ago.
ATTOM: Homeownership Slightly More Affordable as Housing Market Stalls
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.
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.