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New Report Finds Spike in Commercial Real Estate Foreclosures

New Report Finds Spike in Commercial Real Estate Foreclosures

by Phil Hall | Feb 22, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A new data report from ATTOM is highlighting a spike in commercial foreclosures over the last four years, from a low of 141 in May 2020 to the current figure of 635 in January. ATTOM noted May 2020 marked a significant low in commercial foreclosures due to the impacts...
Foreclosure Activity is On the Rise

Foreclosure Activity is On the Rise

by Phil Hall | Feb 14, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 33,270 residential properties carried foreclosure filings in January, according to new data from ATTOM. This marks a 10% increase from the prior month and a 5% increase from one year earlier. Lenders repossessed 3,954 residential properties through...
Home Equity Levels Down Slightly During Q4

Home Equity Levels Down Slightly During Q4

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

A new data report from ATTOM determined 46.1% of mortgaged residential properties were considered equity rich in the fourth quarter of 2023, down from 48% one year earlier and down from 47.4% in the third quarter for the second consecutive quarterly decline. The...
Sellers Reaped Smaller Profits and ROI for 2023 Home Sales

Sellers Reaped Smaller Profits and ROI for 2023 Home Sales

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

Home sellers made a $121,000 profit and a 56.5% return on investment (ROI) for the typical sale in 2023, according to data from ATTOM. Last year’s figures were down from the $122,600 profit and 59.8% ROI recorded in 2022 – the first decline in either category since...
Study: Renting is More Affordable Than Homeownership in Nearly 90% of Local Markets

Study: Renting is More Affordable Than Homeownership in Nearly 90% of Local Markets

by Phil Hall | Jan 18, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The rent for a median three-bedroom unit is more affordable than owning a similarly sized home in nearly 90% of local markets around the nation, according to the 2024 Rental Affordability Report published by ATTOM, which noted this extends trends from 2023 even as...
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