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Half of Q2 Mortgaged Homeowners Are Equity-Rich

Half of Q2 Mortgaged Homeowners Are Equity-Rich

by Phil Hall | Aug 1, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half (49.2%) of mortgaged residential properties were considered equity-rich in the second quarter, according to new data from ATTOM. This marked an increase from the 45.8% level recorded in the first quarter while matching the high point from the first quarter...
Q2 Home Sellers’ Profit Margins Remained Stagnant

Q2 Home Sellers’ Profit Margins Remained Stagnant

by Phil Hall | Jul 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sellers earned a 55.8% profit margin on typical single-family home and condo sales during the second quarter, according to new data from ATTOM. This level is roughly one percentage point above the profit margin recorded in the first quarter but down one point...
California Leads the Nation with Commercial Property Foreclosures

California Leads the Nation with Commercial Property Foreclosures

by Phil Hall | Jul 18, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

California led the nation with the highest number of commercial property foreclosures in June, according to new data from ATTOM. The state’s 214 commercial foreclosures last month represented a 10% decline from May but was also a 289% increase from June 2023. June’s...
Foreclosure Activity Down During First Half of the Year

Foreclosure Activity Down During First Half of the Year

by Phil Hall | Jul 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 177,431 properties carried foreclosure filings — default notices, scheduled auctions or bank repossessions — during the first six months of this year, according to new data from ATTOM. This represents a 4.4% decline from the same time period one year ago,...
US Home Affordability Continued to Fray During Q2

US Home Affordability Continued to Fray During Q2

by Phil Hall | Jul 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Median-priced single-family homes and condos remained less affordable during the second quarter compared to historical averages in 99% of counties around the nation, according to new data from ATTOM, which also found that major expenses on median-priced homes consumed...
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