Real Estate News – Recent Articles
Northeastern Housing Markets Remain Most at Risk of Economic Impact from Coronavirus Pandemic
Most Vulnerable Counties in Third Quarter of 2020 Concentrated in States Running from Connecticut through Maryland; New York City, Baltimore, Washington, D.C. and Now Philadelphia Among Areas with Clusters of High-Risk Counties; Midwest Joins the West as Regions Less at Risk of Housing-Market Problems IRVINE, Calif. — Oct. 8, 2020 — ATTOM Data... Read More »
Top 10 U.S. Counties Where Homeownership Tenure is Increasing
ATTOM Data Solutions’ most recent U.S. Home Sales Report shows that homeowners who sold in the second quarter of 2020 had owned their homes an average of 7.95 years. According to the report, that number is up slightly from 7.85 years in Q1 2020, and nearly the same as the peak of 7.96 years in Q4 2019. ATTOM’s Q2 2020 home sales analysis revealed... Read More »
Real Estate Data and The Rise of Zombie Foreclosures: How Banks Can Mitigate Their Risk
According to ATTOM’s most recent vacant and zombie foreclosure report, a number of zombie foreclosures have arisen across the US in the wake of COVID, as many Americans struggle to keep up with their mortgage payments. Could a zombie apocalypse be on the horizon? Zombie apocalypses are costly for financial institutions and pose a risk to... Read More »
Top 10 U.S. Markets Where Homeownership Requires the Smallest Percent of Wages
According to ATTOM Data Solutions’ just released Q3 2020 U.S. Home Affordability Report, median home prices of single-family homes and condos are less affordable than historical averages in 63 percent of U.S. counties, up from 54 percent in Q3 2019. This fallback comes as spikes in home prices are outpacing increasing wages and declining mortgage... Read More »
Homeownership Less Affordable for Average Workers Across U.S. in Third Quarter of 2020
Portion of Wages Needed for Home Ownership Exceeds 28 Percent Lending Benchmark in Almost Two-Thirds of Nation; Affordability Also Worse Than Historical Averages in Nearly Two-Thirds of Country; Median Home Prices Up At Least 10 Percent in Half of U.S. IRVINE, Calif. – Sept. 24, 2020 — ATTOM Data Solutions, curator of the nation’s premier... Read More »