Property marketplace Sundae cuts 15% of its workforce
Sundae, which lets homesellers sell their properties as-is to investors without hiring a real estate agent, said layoffs were targeted to its newest markets
by Matt Carter Jun 29
Profit margins hit razor-thin, 11-year low for real estate investors
Holding costs rise and ROI falls. Competition from consumers and iBuyers increase. Here are some of the top issues that may have small-time investors concerned in 2022
by Taylor Anderson Mar 8
5 hot property trends: What you need to know to prosper in 2022
One of the best ways to succeed in any market is to follow the data. Smart agents crunch the numbers and let the trends inform their marketing strategy
by Bernice Ross Feb 15
Foreclosures drop in December, capping off all-time low year
Foreclosure filings dropped 8% in December as a once-feared wave of mortgage defaults has largely failed to materialize, according to a new report from Attom Data Solutions
by Daniel Houston Jan 14
How agents can nab new inventory as moratoriums expire
It's unclear exactly how many properties will be freed up now that the federal eviction and foreclosure moratoriums have expired. But whichever way it goes, agents will want to be prepared
Property owners in 48% of US counties are at major default risk
A RealtyTrac report found that single-family rental property owners in nearly half of US counties are at an above-average risk of default
Equity-rich properties make gains in fourth quarter
The number of equity-rich homes in the U.S. made solid gains at the end of last year, and now account for more than 30% of mortgaged properties
Amid pandemic, 2020 was a year of record-low foreclosures
In 2020, foreclosure filings reached their lowest levels since Attom Data began tracking the metric in 2005
by Lillian Dickerson Jan 14
Foreclosure filings decline as moratorium is extended through January
U.S. foreclosure filings decreased 14% in November 2020 from the month before and dropped 80% year over year
US foreclosure filings increase 20% in October despite moratoriums
A total of 11,673 US properties received foreclosure filings in October 2020, according to a new report from Attom Data Solutions released Tuesday
by Lillian Dickerson Nov 10
Vacant zombie properties continue to decline amid foreclosure moratorium
In the fourth quarter of 2020, properties in the process of foreclosure decreased 7.3% from the previous quarter while the number of properties sitting empty declined 4.4%
by Lillian Dickerson Oct 28
Foreclosure activity hits historic lows as filings drop 81%
Foreclosure filings dropped to a new low in the third quarter of 2020 to a number not seen since the first quarter of 2008
by Lillian Dickerson Oct 14
Northeast markets continue to be most at-risk due to pandemic
Parts of New York City, Baltimore, Philadelphia and Washington, D.C., were most vulnerable to economic impacts of the pandemic during the third quarter
US bank repossessions reach new low while foreclosure rates tick up
US bank repossessions dropped by 6% in August to a total of 2,035 properties foreclosed on by lenders, while foreclosure filings rose by 11%
by Lillian Dickerson Sep 10
Rick Sharga named executive VP of marketing at RealtyTrac
The appointment marks a return to RealtyTrac for Sharga who previously served as senior vice president of the foreclosure listings and search portal from 2004 to 2011