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Home Equity Level Held Steady in Q4

Home Equity Level Held Steady in Q4

by Phil Hall | Jan 30, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half (47.7%) of mortgaged residential properties were considered equity-rich in the fourth quarter of 2024, according to data from ATTOM. That level is slightly lower from the 48.3% in the third quarter and from a recent peak of 49.2% in the second quarter –...
Home Selling Profits Down in 2024 Despite Price Gains

Home Selling Profits Down in 2024 Despite Price Gains

by Phil Hall | Jan 23, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8% return on investment, according to new data from ATTOM. However, the profit margin on median-priced sales nationwide was down from 56.9% in 2023, the second straight annual...
Foreclosure Activity Down 10% During 2024

Foreclosure Activity Down 10% During 2024

by Phil Hall | Jan 16, 2025 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from ATTOM found foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 322,103 residential properties in 2024, down 10% from 2023 and down 35% from pre-pandemic 2019. Those properties with foreclosure filings last...
Report: Home Affordability Worsened in Q4

Report: Home Affordability Worsened in Q4

by Phil Hall | Dec 19, 2024 | Current News & Events, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new report from ATTOM has determined that median-priced single-family homes and condos remained less affordable in the fourth quarter compared to historical averages in 98% of counties (556 out of 566) with enough data to analyze. The counties with the largest...
Home Flipping Activity and Profits Down in Q3

Home Flipping Activity and Profits Down in Q3

by Phil Hall | Dec 12, 2024 | Current News & Events, Market Snapshot, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 74,618 single-family homes and condominiums were flipped in the third quarter, according to new data from ATTOM. This accounted for 7.2%, or one of every 14 home sales, during that period. The third quarter total is down slightly from 7.6% of all sales in...
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