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Report: Refinancing Fueled Q3 Mortgage Lending Activity

Report: Refinancing Fueled Q3 Mortgage Lending Activity

by Phil Hall | Nov 21, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 1.67 million mortgages were secured by residential property (1 to 4 units) during the third quarter, according to a data report from ATTOM. This marked 1.9% increases on both a quarterly and annual measurement. Lenders issued $553.1 billion worth of...
Foreclosure Activity Up in October

Foreclosure Activity Up in October

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

October saw a total of 30,784 residential properties with foreclosure filings, up 4% from the previous month but down 11% from one year earlier. According to data from ATTOM, one in every 4,578 housing units nationwide had a foreclosure filing in October. Lenders...
Zombie Foreclosures Down 20% from Last Year

Zombie Foreclosures Down 20% from Last Year

by Phil Hall | Oct 31, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly 1.4 million residential properties were vacant in the fourth quarter, representing 1.3% or one in 77 homes, according to the latest Vacant Property and Zombie Foreclosure Report from ATTOM. This level is nearly the same as the third quarter and is up just...
Report: Nearly Half of Mortgaged Homeowners Are Equity-Rich

Report: Nearly Half of Mortgaged Homeowners Are Equity-Rich

by Phil Hall | Oct 24, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half (48.3%) of mortgaged residential properties were considered equity-rich in the third quarter, according to new data report from ATTOM. This is down from the recent peak of 49.2% in the second quarter but also up from 47.4% from one year earlier....
Q3 Home Seller Profit Margins Down Slightly

Q3 Home Seller Profit Margins Down Slightly

by Phil Hall | Oct 17, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners earned a 55.6% profit margin on typical single-family home and condo sales during the third quarter, according to new data from ATTOM. This represented a one percentage point dip from the second quarter and a two point-drop from the third quarter of last...
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