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Is Flipping Flopping? Flipped Home Sales Down 29.3% in 2023

Is Flipping Flopping? Flipped Home Sales Down 29.3% in 2023

by Phil Hall | Mar 21, 2024 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 308,922 single-family homes and condos were flipped in the U.S. during 2023, according to data from ATTOM. This represented a 29.3% plummet from the 436,807 total in 2022, marking the greatest annual decline since 2008. Flips accounted for 8.1% of all 2023...

The Best Market for Buying Single-Family Rentals Is…

by Phil Hall | Mar 14, 2024 | News/Current Events, Real Estate Investing, Real Estate News, U.S. Housing Market, WRE News Exclusive

Investors seeking the best returns in the single-family rental property market will find plenty of opportunities in the Midwest, Northeast and South, according to a new data report from ATTOM. In an analysis of 341 counties, ATTOM found the counties with the highest...
Foreclosure Activity Records Annual Increase

Foreclosure Activity Records Annual Increase

by Phil Hall | Mar 12, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Last month saw a total of 32,938 residential properties with foreclosure filings, according to new data from ATTOM. This is down 1% from January but up 8% from February 2023. Lenders repossessed 3,397 properties through completed foreclosures (REOs) in February, down...
Three States Have 34 of the 50 Most At-Risk County Housing Markets

Three States Have 34 of the 50 Most At-Risk County Housing Markets

by Phil Hall | Mar 7, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new study from ATTOM has determined that 34 of the 50 counties with the most at-risk housing markets in the fourth quarter of 2023 were based in three states. ATTOM defined at-risk markets based on data related to home affordability, underwater mortgages,...
Home Mortgage Lending Activity Sank During Q4 2023

Home Mortgage Lending Activity Sank During Q4 2023

by Phil Hall | Feb 29, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from ATTOM has determined there were 1.35 million mortgages secured by residential properties issued during the fourth quarter of 2023. This represented a 13.8% drop from the third quarter – the tenth decline in the last 11 quarters. The fourth...
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