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Homeownership Expenses Consume One-Third of National Average Wage

Homeownership Expenses Consume One-Third of National Average Wage

by Phil Hall | Mar 27, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Major expenses on median-priced homes currently consume 32% of the average national wage, according to the First Quarter US Home Affordability Report published by ATTOM. That share is nearly unchanged from the fourth quarter of 2024 and up by about one percentage...
Home Flipping Activity Declines, Gross Profits Rise

Home Flipping Activity Declines, Gross Profits Rise

by Phil Hall | Mar 20, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 297,885 single-family homes and condos were flipped in 2024, according to data from ATTOM. This is a 7.7% decline from the 322,782 flips in 2023 and a 32.4% from a recent peak of nearly 441,000 reached in 2022. Only 7.6% of home sales in 2024 were flips,...
The Market with the Highest Potential SFR Returns Is…

The Market with the Highest Potential SFR Returns Is…

by Phil Hall | Mar 13, 2025 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

The New York metro area is home to highest potential returns on single-family rentals (SFR), according to a new data report from ATTOM. The report analyzed single-family rental returns in 361 counties with sufficient rental and home-price data. The analysis...
Foreclosure Activity Up During February

Foreclosure Activity Up During February

by Phil Hall | Mar 12, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 32,383 residential properties carried foreclosure filings in February, up 5% from January but 1.7% lower than the level recorded in February 2024. According to data from ATTOM, one in every 4,395 housing units had a foreclosure filing in February. States...
Most At-Risk Q4 Housing Markets Primarily in Three States and NYC Area

Most At-Risk Q4 Housing Markets Primarily in Three States and NYC Area

by Phil Hall | Mar 6, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two-thirds of the 50 counties with the most at-risk housing markets in the fourth quarter of 2024 were in California, Florida, Illinois, and the New York City area, according to new data from ATTOM. County-level housing markets on the latest list included 14 were in...
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