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Home Mortgage Lending Records Q2 Rebound

Home Mortgage Lending Records Q2 Rebound

by Phil Hall | Aug 29, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 1.62 million residential mortgages were issued during the second quarter, according to new data from ATTOM. This represents a 23.2% increase from the first quarter but a 1.6% drop from the second quarter of 2023. Purchase loan activity was up by 32.7%...
Zombie Foreclosure Rate Sinks in Q3

Zombie Foreclosure Rate Sinks in Q3

by Phil Hall | Aug 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Approximately 1.4 million residential properties were vacant during the third quarter, according to new data from ATTOM. That figure represents 1.3%, or one in 76 homes, across the nation – roughly the same as in the second quarter of this year. ATTOM also reported...
Foreclosure Activity Up During July

Foreclosure Activity Up During July

by Phil Hall | Aug 15, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 31,929 U.S. properties had foreclosure filings during July, according to new data from ATTOM. This represents a 15% increase from June and up by a scant 0.2% from July 2023. Nationwide, one in every 4,414 housing units had a foreclosure filing last month....
Half of Q2 Mortgaged Homeowners Are Equity-Rich

Half of Q2 Mortgaged Homeowners Are Equity-Rich

by Phil Hall | Aug 1, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Nearly half (49.2%) of mortgaged residential properties were considered equity-rich in the second quarter, according to new data from ATTOM. This marked an increase from the 45.8% level recorded in the first quarter while matching the high point from the first quarter...
Q2 Home Sellers’ Profit Margins Remained Stagnant

Q2 Home Sellers’ Profit Margins Remained Stagnant

by Phil Hall | Jul 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Home sellers earned a 55.8% profit margin on typical single-family home and condo sales during the second quarter, according to new data from ATTOM. This level is roughly one percentage point above the profit margin recorded in the first quarter but down one point...
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