ATTOM: Home Profits Take Unusual 2Q Dip

ATTOM, Irvine, Calif., said profit margins for home sellers took an unusual dip in the second quarter but still were far above where were they were a year earlier.

As Prices Soar, Home Affordability Declines for Average Workers

ATTOM, Irvine, Calif., reported median home prices of single-family homes and condos in the second quarter were less affordable than historical averages in 61 percent of counties across the nation in the second quarter, up from 48 percent in the first quarter, to the highest level in two years.

2nd Quarter ‘Zombie’ Foreclosures Up 21%

ATTOM Data Solutions, Irvine, Calif., released its second-quarter Vacant Property and Zombie Foreclosure Report, showing 1.4 million residential properties in the United States were vacant in the second quarter quarter, representing 1.4 percent of all homes.

Home Equity ‘Pandemic-Resistant’

It’s a great time to be a homeowner: ATTOM Data Solutions, Irvine, Calif., said home equity rose sharply in the first quarter, with equity-rich properties in the U.S. outnumbering seriously underwater homes by a 7-1 margin.

1Q Home Seller Profits Dip, But Remain Higher than Year Ago

ATTOM Data Solutions, Irvine, Calif., said profits for home sellers nationwide fell slightly in the first quarter but improved year over year—another sign of how the housing market is fending off economic damage caused by the coronavirus pandemic.

Despite Price Spikes, Homeownership Remains Affordable

Two reports—from ATTOM Data Solutions, Irvine, Calif., and First American Financial Corp., Santa Ana, Calif.—say despite sharp spikes in home prices, homeownership remains affordable for most workers, which continues to drive housing demand.