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Profit Margins on Home Sales Up During Q3

Profit Margins on Home Sales Up During Q3

by Phil Hall | Oct 20, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Profit margins on median-priced single-family home and condo sales increased from 56.6% in the second quarter to 59% in the third quarter, according to data from ATTOM. This represented the second straight quarterly increase following several declines. ATTOM also...
Hits and Misses for the Real Estate Week of Oct. 9-13

Hits and Misses for the Real Estate Week of Oct. 9-13

by Phil Hall | Oct 13, 2023 | Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rising mortgage rates, rising foreclosure rates, and Bad Bunny’s rather pricey rental unit. From the wild and wooly world of real estate, here are our hits and misses for the week of Oct. 9-13. Miss: Up, Up and Oh No. The 30-year fixed-rate mortgage surged...
Foreclosure Filings Up During Q3

Foreclosure Filings Up During Q3

by Phil Hall | Oct 12, 2023 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 124,539 residential properties carried foreclosure filings during the third quarter of this year, according to new data from ATTOM. This is up 28% from the second quarter and up 34% from one year ago. A total of 37,679 properties had foreclosure filings in...
ATTOM: Affordable Homeownership Opportunities Continued to Evaporate During Q3

ATTOM: Affordable Homeownership Opportunities Continued to Evaporate During Q3

by Phil Hall | Sep 28, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The absence of affordable homeownership opportunities worsened during the third quarter, according to new data from ATTOM. Increasing home prices and mortgage rates have resulted in a new environment where the typical portion of average wages nationwide required for...
Fewer Homes Being Flipped

Fewer Homes Being Flipped

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

A total of 84,350 single-family homes and condominiums in the were flipped during the second quarter, according to data from ATTOM. These transactions represented 8% the quarter’s home sales and was close to the lowest level of flipping activity since 2021. The second...
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