Author: ATTOM Team
Rising Prices and Mortgage Rates Make Homeownership Unaffordable Across Most of the U.S.
Nearly One-Third of Average Wages Required for Major Home-Ownership Expenses During Second Quarter of 2022; Portion of Wages Consumed by Home Ownership Rises at Fastest Pace This Century; Historic Affordability Plummets to 15-Year Low as Median Home Price Hits $349,000 and Mortgage Rates Top 5 percent IRVINE, Calif. – June 30, 2022 — ATTOM, a... Read More »
Home Flipping Spikes Across U.S. in First Quarter of 2022 But Profits Drop to 13-Year Low
Nationwide Home-Flipping Rate Jumps to Highest Level This Century; Raw Profits on Home Flips Increase for First Time Since 2020; But Typical Profit Margins on Flips Decline Again, to Lowest Point Since 2009 IRVINE, Calif. – June 23, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its... Read More »
New Jersey, Illinois and California Have Highest Concentration of Vulnerable Housing Markets
Chicago and New York City Areas Most Exposed to Downturns in First Quarter of 2022; East Coast, Midwest and Inland California Have Other At-Risk Markets; South Region Less Vulnerable IRVINE, Calif. — June 22, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released a Special Housing Risk Report... Read More »
U.S. Foreclosure Activity Increases Slightly in May 2022
Foreclosure Starts Decrease 1 Percent from Last Month, While Completed Foreclosures Increase 1 Percent IRVINE, Calif. — June 14, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its May 2022 U.S. Foreclosure Market Report, which shows there were a total of 30,881 U.S. properties with... Read More »
Mortgage Lending Plummets Across U.S. in First Quarter Amid Sharp Drops in Purchase and Refinance Activity
Overall Residential Lending Activity Down Annually by 32 Percent, Marking Fastest Decline in Eight Years; Number of New Loans Decreases for Fourth Straight Quarter; Refinance Lending Drops Another 22 Percent While Purchase Mortgages Dip 18 Percent IRVINE, Calif. – June 9, 2022 — ATTOM, a leading curator of real estate data nationwide for land and... Read More »
Vacant Zombie Properties Rising in Second Quarter Amid Jump in Foreclosure Activity
Zombie Foreclosures Up 3 Percent from First to Second Quarter of 2022as Foreclosure Activity Increases 13 Percent; Increase in Empty Properties Facing Foreclosure Marks First Gain in a Year; Zombie Properties Still Represent Just One of Every 13,200 Residential Properties in U.S. and Remain Down Annually IRVINE, CA – June 2, 2022 — ATTOM, a... Read More »