Real Estate Trends
What Does It Mean When They Say a Market Is HOT?
Remember the days when your listing sat on the market for 120, 150, 180+ days before selling? Most likely, you are trying to forget it. As Money.com pointed out in their recent article 12 Cities Where Homes are Flying off the Market, homes that sold in April spent a lot less time on the market. How much time? An average of 86 days... Read More »
54 Percent of U.S. Metros Post Median Home Prices Above Pre-Recession Peaks in Q1 2018
Houston, Dallas, Denver, San Jose, San Antonio Prices 50+ Percent Above Previous Peaks; Average U.S. Homeownership Tenure Posts Biggest Quarterly Drop Since Q4 2008; Report Includes Analysis of High-End Sales in Wake of Tax Reform IRVINE, Calif. – April 19, 2018 — ATTOM Data Solutions, curator of the nation’s premier property database, today... Read More »
U.S. Foreclosure Activity Decreases 19 Percent in Q1 2018 to Stay Below Pre-Recession Levels for Sixth Consecutive Quarter
But Foreclosure Starts Up From Year Ago in 37 Percent of Local Markets; Foreclosure Rate on 2014 Vintage FHA Loans Rises Above Long-Term Average; Average Foreclosure Timeline Drops 23 Percent From Previous Quarter IRVINE, Calif. – April 12, 2018 — ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q1 2018... Read More »
Rising Tide in Houston Housing Market
In November 2017 the Houston Astros won their first World Series championship since the team was founded in 1962. It couldn’t have come at a better time for the city — and its residents — raising the collective spirit that was dampened just three months earlier when the flood waters from Hurricane Harvey left more than 137,000 single family homes... Read More »
The Promise and Pitfalls of ADUs as Affordable Housing Panacea
A paucity of affordable housing that threatens to inflame a burgeoning homelessness crisis and trigger an exodus of well-paying jobs is forcing local governments to consider creative solutions to this intractable problem. One such solution is to streamline the development of accessory dwelling units (ADUs) in the hopes that real estate developers... Read More »U.S. Property Taxes Levied on Single Family Homes in 2017 Increased 6 Percent to More Than $293 Billion
Average Property Tax Was $3,399, Up 3 Percent and Effective Tax Rate of 1.17 Percent; Highest Effective Tax Rates in New Jersey, Illinois, Vermont, Texas, New Hampshire; Average Property Taxes Nearly Twice as High in Politically Blue Counties as in Red Counties IRVINE, Calif. – April 5, 2018 — ATTOM Data Solutions, curator of the nation’s premier... Read More »