Real Estate News – Recent Articles
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 »
Finally: Demographic Clarity
By John Burns, CEO of John Burns Real Estate Consulting Busy real estate executives need people to get to the conclusions, so here you go. We spent more than 9,000 hours researching demographic shifts, and believe the greatest demographic opportunities over the next 10 years will be: Real Estate Demographic Shifts 1. 38 percent more people over... Read More »
Median-Priced Homes Not Affordable for Average Wage Earners in 68 Percent of U.S. Housing Markets
73 Percent of Markets Less Affordable Than a Year Ago; Eight of 10 Highest-Priced Counties Post Negative Net Migration in 2017 IRVINE, Calif. – March 29, 2018 — ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q1 2018 U.S. Home Affordability Report, which shows that median home prices in Q1 2018 were not... Read More »