Foreclosure activity continued to simmer last month as filings slipped thanks to seasonal declines, but starts and completions increased on the year. Foreclosure filings were down 9% YOY in November and 5% from October, according to new data from ATTOM. Filings include default notices, scheduled auctions, or bank repossessions. ATTOM CEO Rob Barber said the…
Residential lending is down in two-thirds of the U.S. and sitting at its lowest level since 2000. That’s according to new data from ATTOM, which showed that 1.28 million mortgages secured by residential property were issued in Q1, a 6.8% decline from the previous quarter. It’s the 11th decline in the last 12 quarters and…
The recent surge in home prices pushed U.S. homeowners’ tappable equity to a record $11 trillion. Prices were on a run in March, according to the ICE Home Price Index, up 1.2% and more than 25% above the 25-year average increase. This is the third straight month of above-average gains as stock shortages keep competition…
Low-income redevelopment zones continue to benefit from home price appreciation around the country, and some are faring better than their neighbors. ATTOM’s Q2 2023 review of low-income Opportunity Zones targeted by Congress for economic redevelopment found that 61% of the 3,909 data zones saw price increases. In half of those, prices were up 5% or…
Property taxes are on the rise, another source of financial stress for Americans. According to new data released by ATTOM Data, total property taxes on single-family homes across the United States increased by 4% in 2022, totaling $340 billion. This marks a significant increase from the previous year, with the average property tax bill for…
Buying a house became slightly more affordable in Q1 2023 as the housing market remains stalled, but remained out of reach for many Americans. According to ATTOM Data Solution’s Q1 2023 U.S. Home Affordability Report, median-priced single-family homes and condos were less affordable in the first quarter of 2023 compared to historical averages in 94%…
Home seller return on investment rose to 51% at the end of 2022 despite slowing sales, new data from ATTOM shows. Sellers nationwide earned $112,000 on the typical sale in 2022, up 21% from 2021 and 78% from before the pandemic. Both raw profits and ROI have now improved across the country for 11 consecutive…
Foreclosure activity fell 5% in November from the month prior, remaining lower than pre-pandemic levels, according to a new report from ATTOM Data. Foreclosure filings were up 57% YOY due to last year’s moratoriums pushing activity to near zero and pushing data to artificially scary highs. But activity remains below what ATTOM considers normal levels….
Mortgage originations saw their largest annual decline in 21 years, further evidence that the housing boom is coming to an end. Originations fell 47% YOY in Q3, according to ATTOM Data’s Q3 2022 U.S. Residential Property Mortgage Origination Report. Quarter-over-quarter they were down 19%, the sixth consecutive drop. Lenders issued a total of $636.5 billion…
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