US home equity levels rose in Q3
Equity-rich properties made up about 28.3% of mortgaged homes in the US during the third quarter, up from 26.7% the previous year, according to a new report by Attom Data Solutions
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
Home price gains continue to climb in third quarter
A new report from Attom Data Solutions found that 77% of metros analyzed posted double-digit annual home price gains
by Lillian Dickerson Oct 21
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
Homeownership affordability drops in two-thirds of U.S.
Median prices of single-family homes and condos are now less affordable than historical averages in 63% of counties, up from 54% one year ago, according to a new report
by Lillian Dickerson Sep 23
House flipping rates decline while profit margins rise across the U.S.
The climbing profit margins are a reflection of how home prices have continued to stay steady, and even increase in some areas, during the pandemic
by Lillian Dickerson Sep 16
Zombie foreclosures see modest increase in third quarter
Although the total number of properties in foreclosure is down 16% from the previous quarter, zombie foreclosures increased from 3% to 3.7% of all properties, according to Attom Data Solutions
by Lillian Dickerson Aug 26
FHFA
During the second quarter of 2020, 1.69M refinance mortgages were secured by residential properties in the U.S., a number up nearly 50% from the first quarter, and up more than 100% year over year to its highest level in 7 years
by Lillian Dickerson Aug 19
In a positive sign, number of equity-rich properties continues to rise
During the second quarter of 2020, equity-rich properties outnumber seriously underwater properties 4 to 1, according to a report by Attom Data Solutions
US home sale profits rise to new post-recession high
The typical home sale profit of $75,971 in the second quarter of 2020 reflected a 36.3% return on investment, a new high in raw profits since the housing market started its recovery from the Great Recession in 2012
by Lillian Dickerson Jul 22
East Coast markets most vulnerable to economic impacts of COVID-19
Markets on the East Coast and in Northern Illinois were most vulnerable to the effects of the coronavirus pandemic during the second quarter, according to Attom Data Solutions
by Lillian Dickerson Jul 10
US home affordability makes gains in second quarter
In the second quarter of 2020, median prices of single-family homes and condos have been more affordable than historic averages in nearly half of the United States
by Lillian Dickerson Jun 24
Home flipping climbs to 14-year high while returns hit 9-year low
The number of single-family homes and condominiums flipped in the first quarter of 2020 reached 53,705 — up 7.3% year over year to its highest level since the second quarter of 2006, according to Attom Data Solutions' latest home flipping report
by Lillian Dickerson Jun 11
Amid halt on foreclosures, zombie property rate remains constant
The number of U.S. homes in the process of foreclosure that are currently sitting empty barely changed between the first and second quarters of 2020, due to the coronavirus-induced moratorium on foreclosures
by Lillian Dickerson May 27
Residential refis make up 55% of home loans in first quarter
Spurred by historically low interest rates, new refinances made up about $328.5 billion in total dollar volume in Q1, up 105 percent from the same period last year
by Lillian Dickerson May 20