Real Estate Trends
Americans Departing High-Priced Housing Markets for More Affordable Alternatives (Infographic)
Median home prices in Q1 2018 were not affordable for average wage earners in 304 of 446 U.S. counties (68 percent) analyzed in the most recent home affordability report from ATTOM Data Solutions, and on average across those 446 counties an average wage earner would need to spend 37.2 percent of his or her wages to buy a median-priced home. We... Read More »
U.S. Foreclosure Activity Down for 31st Consecutive Month in April
IRVINE, Calif. – May 16, 2018 – ATTOM Data Solutions, curator of the nation’s premier property database, today released its April 2018 foreclosure activity (granular geo level data now available upon request). Nationally there were a total of 64,183 U.S. properties with foreclosure filings in April 2018, down 14 percent from the previous... Read More »
Where Are Institutional Investors Buying up Real Estate?
In Q1 2013 institutional investors (residential property sales to non-lending entities that purchased at least 10 properties in a calendar year) were at the peak of their game, accounting for 8.9 percent of all home sales. However, according to the latest ATTOM Data Solutions quarterly home sales report the percent of home sales to institutional... Read More »
To Finance or Not to Finance Home Flips (Infographic)
Nearly 35 percent of all homes flipped in 2017 were purchased by the flipper with financing, a nine-year high, according to ATTOM Data Solutions. While financing flips may be attractive given that — in theory — it allows investors to leverage their capital to get a better return and do more flips, that theory does not quite work out according to... Read More »
How Much Money Do You Need for a Home Down Payment?
Did you know that the median home down payment with financing in Q4 2017 was $18,000? This is down from a record high $19,100 in the previous quarter but up 20 percent from $14,950 in Q4 2016. If you are looking to buy a home, do you know how much home down payment you will need? Many factors come into play but one major factor depends where you... Read More »