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Today’s Housing Market: More Mortgages, Higher Prices, Fewer Delinquencies

Today’s Housing Market: More Mortgages, Higher Prices, Fewer Delinquencies

by Phil Hall | Aug 31, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Three new data reports have concluded that more people are taking out mortgages and are willing to pay more for their properties, while fewer people who already own homes are having problems paying back their home loans. Uptick in Lending: ATTOM’s 2023 U.S....
Zombie Property Levels in Slight Rise

Zombie Property Levels in Slight Rise

by Phil Hall | Aug 24, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

New data from ATTOM has determined there were roughly 1.3 million U.S. residential properties that are vacant, as of the third quarter of this year. That figure represents 1.3%, or one in 79 homes, across the nation, the same level as in the second quarter. ATTOM also...
Declines Recorded in Foreclosure Activity and Mortgage Delinquencies

Declines Recorded in Foreclosure Activity and Mortgage Delinquencies

by Phil Hall | Aug 10, 2023 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Two new data reports offer mostly positive news for mortgage servicers, as foreclosure activity and delinquency rates recorded respective declines. There was a total of 31,877 properties with foreclosure filings in July, according to new data from ATTOM. This...
Nearly Half of US Homes in Q2 Were Equity-Rich

Nearly Half of US Homes in Q2 Were Equity-Rich

by Phil Hall | Jul 27, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly half (49%) of U.S. mortgaged residential properties were considered equity-rich in the second quarter, according to new data from ATTOM. This is a slight uptick from 47% in the first quarter and is also the highest level in at least four years. Nationwide, the...
Q2 Profit Margins on Home Sales Reach Nearly 48%

Q2 Profit Margins on Home Sales Reach Nearly 48%

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

Profit margins on median-priced single-family home and condo sales rose to 47.7% during the second quarter, according to new data from ATTOM. This represented the first gain in a year and an increase from the 43.9% in the first quarter. The median nationwide home...
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