ATTOM’s latest year-end 2022 home sales report shows that home sellers nationwide realized a profit of $112,000 on the typical sale in 2022, up 21 percent from $92,500 in 2021 and up 78 percent from $63,000 two years ago. Despite a market slowdown in the second half of last year, profits rose from 2021 to 2022 in 98 percent of housing markets... Read More »
It is said that a rising tide lifts all boats, but what happens when the tide goes out? That’s the big question for 2023, a year when the real estate market is likely to be battered by inflation, steep interest rates, slow sales, and perhaps even a recession. The case for real estate ownership is compelling even with choppy waters. The Federal... Read More »
Written by Leonard Kiefer, PhD Deputy Chief Economist with Freddie Mac February 15, 2023 This past year has been a tough one for U.S. housing and mortgage markets. After reaching historically low interest rates in early 2021, mortgage rates entered 2022 around 3 percent for the 30-year fixed-rate mortgage. By historical standards a 3 percent... Read More »
ATTOM released its Year-End 2022 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 324,237 U.S. properties in 2022, up 115 percent from 2021 but down 34 percent from 2019, before the pandemic shook up the market. Foreclosure filings in 2022 were also down... Read More »
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