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Fewer Zombie Foreclosures in Q2 Housing Market

Fewer Zombie Foreclosures in Q2 Housing Market

by Phil Hall | May 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Roughly 1.3 million U.S. residential properties were vacant in the second quarter of this year, according to new data from ATTOM. This represents about 1.3%, or one in 79 homes, the same level as the first quarter. ATTOM also found 237,208 residential properties are...
Foreclosure Activity Down in April

Foreclosure Activity Down in April

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

A total of 31,649 residential properties carried foreclosure filings in April, down 4% from both the previous month and the previous year, according to data from ATTOM. Nationwide one in every 4,453 housing units had a foreclosure filing in April. The states with the...
ATTOM: Fewer Residences Were Equity Rich During Q1

ATTOM: Fewer Residences Were Equity Rich During Q1

by Phil Hall | May 9, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The first quarter ended with 45.8% of mortgaged residential properties considered as equity rich, according to new data from ATTOM. This is down from 46.1% in the fourth quarter of 2023, marking the third straight quarterly decline, and it is also down from 47.2% in...
Profit Margins Down for Q1 Home Sales

Profit Margins Down for Q1 Home Sales

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

Profit margins on median-priced single-family home and condo sales declined to 55.3% in the first quarter of this year, according to new data from ATTOM. This is down from 57.1% in the previous quarter and from 56.5% one year earlier, and it represents the smallest...
Northeast and Midwest Lead the Nation with Highest Property Taxes

Northeast and Midwest Lead the Nation with Highest Property Taxes

by Phil Hall | Apr 4, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Property taxes levied on U.S. single-family homes totaled $363.3 billion in 2023, up 6.9% from $339.8 billion in 2022. According to data from ATTOM, the increase was almost double the 3.6% growth rate in 2022 and was the largest in the past five years. ATTOM also...
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