Real Estate Trends
Home Ownership Slightly More Affordable Across U.S. in Third Quarter but Still Difficult for Average Workers
Major Home-Ownership Expenses Consume 34 Percent of National Average Wage; Portion Ticks Downward as Home-Price Spike Eases and Mortgage Rates Drop; Historical Affordability Also Inches Up While Remaining Weak IRVINE, Calif. – Sept. 26, 2024 — ATTOM, a leading curator of land, property data, and real estate analytics, today released its... Read More »
The AI Trifecta for Real Estate – Algorithms, APIs, and Quality Data
Seemingly overnight, artificial intelligence is everywhere. Generative AI writing tools promise to write your first best-seller for you, and Callaway’s Paradym AI-assisted Smoke Max Driver will guarantee you a trophy at your next golf tournament. With such lofty promises, expectations are high. In the real estate sector, generative AI is also... Read More »
Top 10 U.S. Metros with Highest Annual Percentage Increases in Home Flipping Returns in Q2 2024
According to ATTOM’s Q2 2024 U.S. Home Flipping Report, in the second quarter of 2024, 79,540 single-family homes and condominiums were flipped in the United States. These transactions accounted for 7.5 percent, or about one in every 13 home sales, during the period from April to June.... Read More »
Home Flipping Activity Dips Slightly While Profits Inch Up Across U.S. in Second Quarter of 2024
Flipping Rate Follows Usual Springtime Downward Track While Profits Keep Moving Slowly Higher; Investment Returns Still Hovering Around Modest 30 Percent Level Nationwide; Typical Raw Flipping Profit Rises Close to $75,000 IRVINE, Calif. – Sept. 19, 2024 — ATTOM, a leading curator of land, property data, and real estate analytics, today released... Read More »
Flipping Was Big After the Housing Crisis of 2008 … But Is It Still a Path to Profits?
Flipping activity ebbs and flows with the property market. The housing bubble of the early 2000s created a thriving flipping economy, but it was also the precursor to the housing crisis of 2008. Post-crisis, the plethora of foreclosed homes available for sale at rock-bottom prices reignited the thriving flipping industry once again. With such... Read More »
Top 10 Counties with Greatest Number of REOs in August 2024
According to ATTOM’s just released August 2024 U.S. Foreclosure Market Report, there were a total of 30,227 U.S. properties had foreclosure filings, which include default notices, scheduled auctions, or bank repossessions. This represents a 5.3% decrease from the previous month and an 11% decrease compared to the same period last year. Watch:... Read More »