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Study: Renting is More Affordable Than Homeownership in Nearly 90% of Local Markets

Study: Renting is More Affordable Than Homeownership in Nearly 90% of Local Markets

by Phil Hall | Jan 18, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The rent for a median three-bedroom unit is more affordable than owning a similarly sized home in nearly 90% of local markets around the nation, according to the 2024 Rental Affordability Report published by ATTOM, which noted this extends trends from 2023 even as...
Foreclosure Filings Up 10% in 2023

Foreclosure Filings Up 10% in 2023

by Phil Hall | Jan 11, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Foreclosure filings were reported on 357,062 residential properties in 2023, according to a new report from ATTOM. This represents a 10% increase from 2022 and a 136% spike from 2021, but it was also down by 28% from pre-pandemic 2019 and down by 88% from the 2010...
Report Finds Affordable Homeownership Remained Elusive in Q4

Report Finds Affordable Homeownership Remained Elusive in Q4

by Phil Hall | Dec 21, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Median-priced single-family homes and condos remained less affordable in the fourth quarter compared to historical averages in 99% of counties around the nation, according to the latest 2023 U.S. Home Affordability Report from ATTOM. The new report found major...
Q3 Home Flipping Down, But Profits Are Up

Q3 Home Flipping Down, But Profits Are Up

by Phil Hall | Dec 14, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 72,543 single-family homes and condominiums were flipped in the third quarter, according to new data from ATTOM. This represented 7.2% of home sales, or one of every 14 transactions – down from 7.9% during the second quarter and from 7.7% in the third...
California, New Jersey and Illinois Cited as Most At-Risk Q3 Housing Markets

California, New Jersey and Illinois Cited as Most At-Risk Q3 Housing Markets

by Phil Hall | Dec 7, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

California, New Jersey and Illinois have the highest concentrations of the most-at-risk housing markets in the country, with the biggest clusters in the New York City and Chicago areas and in central California, according to the third quarter Special Housing Risk...
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