Home values in federal and state Opportunity Zone Redevelopment Areas—the controversial zones created in 2017 to spur economic development—are keeping up with nationwide home values, reported ATTOM, Irvine, Calif.
Tag: ATTOM
‘Zombie’ Properties Increase Amid Jump in Foreclosure Activity
ATTOM, Irvine, Calif., said residential properties in the process of foreclosure rose by nearly 13 percent in the second quarter and by nearly 16 percent from a year ago.
Nearly Half of U.S. Homeowners Equity-Rich
ATTOM, Irvine, Calif., reported 44.9 percent of mortgaged residential properties in the United States were considered equity-rich in the first quarter, up by more than 15 percent from just a year ago.
ATTOM: April Foreclosures Down 8% Monthly, Up from Year Ago
ATTOM, Irvine, Calif., reported properties with foreclosure filings in April fell by 8 percent from March but jumped by 160 percent from a year ago. Completed foreclosures, meanwhile, fell by 36 percent from March.
ATTOM: 1Q Home Sales, Seller Profits Decline
ATTOM, Irvine, Calif., said profit margins on median-priced single-family home sales across the United States dipped to 47.2 percent in the first quarter – the first quarterly decline since late 2019 and the largest in a decade.
Home Flipping Profits Fall to 10-Year Low
Although home flipping increased by more than 26 percent in 2021, ATTOM, Irvine, Calif., said gross profit margins fell to their lowest level in 10 years and at a pace not seen in 15 years.
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.
ATTOM: Foreclosure Activity Falls to Record Low
ATTOM, Irvine, Calif., released its Year-End 2021 U.S. Foreclosure Market Report, which shows foreclosure filings fell to their lowest level since 2005.
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.