ATTOM, Irvine, Calif., said mortgage lending across the U.S. fell in the fourth quarter, marking the third straight quarterly decrease and at the fastest pace since 2019.
Tag: Todd Teta
1Q ‘Zombie’ Properties Edge Down Despite Uptick in Foreclosure Activity
ATTOM, Irvine, Calif., reported a drop in vacant “zombie” properties in the first quarter despite an increase in foreclosure activity for the second straight quarter.
Strong Housing Market Boosts Sharp Rise in Homeowner Equity
ATTOM, Irvine, Calif., said mortgage residential properties considered “equity-rich” jumped to nearly 42 percent in the fourth quarter as rising home prices boosted homeowner equity.
Rising Home Prices Spur Record Home Seller Profits
Home sellers benefited from rapidly rising home prices in 2021, with profits rising in more than 90 percent of U.S. markets to record levels, said ATTOM, Irvine, Calif.
Renting Less Affordable Than Home Ownership in Most U.S. Markets
Owning a median-priced home is more affordable than the average rent on a three-bedroom property in 58 percent of U.S. counties, reported ATTOM, Irvine, Calif.
Housing Affordability Concerns Intensify
Reports from First American Financial Corp., Santa Ana, Calif., and ATTOM, Irvine, Calif., show rising home prices and inflation are taking a bigger bite out of housing affordability entering the new year.
3Q Home Flipping Profit Margins Drop to 10-Year Low
ATTOM, Irvine, Calif., said home-flipping became more popular in the third quarter—but it wasn’t as profitable.
ATTOM: 3Q Mortgage Lending Down at ‘Unusually Fast Pace’
ATTOM, Irvine, Calif., said overall mortgage loan activity fell by 8 percent in the third quarter—the second straight quarterly decrease—as refinance volume faded amid rising interest rates.
3Q Equity-Rich Properties Soar to New Highs
ATTOM, Irvine, Calif., said a record 39.5 percent of mortgaged residential properties in the United States were considered equity-rich in the third quarter.
Seller Profits Increase Across U.S.
ATTOM, Irvine, Calif., said profit margins on median-priced single-family home and condo sales jumped to 47.6 percent–the highest level since Great Recession ended a decade ago.