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Q1 Home Equity Levels Down Slightly

Q1 Home Equity Levels Down Slightly

by Phil Hall | May 8, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A new data report from ATTOM has found 46.2% of mortgaged residential properties were considered equity-rich in the first quarter, down from 47.7% in the fourth quarter of 2024. However, the rate is also nearly double what it was in the first quarter of 2020, prior to...
Profit Margins Down for Q1 Home Sales

Profit Margins Down for Q1 Home Sales

by Phil Hall | Apr 24, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners, on average, made a 50.2% profit selling single-family homes and condos during the first quarter, according to new data from ATTOM. This is a decline of 3.2 percentage points from the previous quarter and a drop of 4.8 percentage points from the first...
Average Property Tax on Single-Family Home Up 2.7% in 2024

Average Property Tax on Single-Family Home Up 2.7% in 2024

by Phil Hall | Apr 17, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of $357.5 billion was levied in property taxes on single-family homes in 2024, down 1.6% from 2023. However, new data from ATTOM also found the average tax on a single-family home rose to $4,172 in 2024, a 2.7% increase over the previous year. In comparison,...
Foreclosure Activity Up During Q1

Foreclosure Activity Up During Q1

by Phil Hall | Apr 10, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 93,953 residential properties carried foreclosure filings during the first quarter of this year, according to new data from ATTOM. This is up by 11% from the previous quarter but down 2% from one year ago. Nationwide one in every 1,515 housing units had a...
Homeownership Expenses Consume One-Third of National Average Wage

Homeownership Expenses Consume One-Third of National Average Wage

by Phil Hall | Mar 27, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Major expenses on median-priced homes currently consume 32% of the average national wage, according to the First Quarter US Home Affordability Report published by ATTOM. That share is nearly unchanged from the fourth quarter of 2024 and up by about one percentage...
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