Page 14 - Attom Data News Today

Many economists anticipate another strong year with low mortgage rates and rising prices.

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Less populous areas and counties located in the Midwest and South are more likely to have more affordable homebuying than renting options, according to a report from Attom Data Solutions.

Sounds like good for business, right? Well, it was. But listing inventory remains low, with less than 500,000 homes for sale, according to Todd Teta, chief product officer at Attom Data Solutions. The supply-and-demand factor will increase home prices even more, which is great for sellers, and at the same time, could price many buyers out of the market. The name of the game in 2021 is going to be inventory — a conversation that shouldn’t be new to any of us in the real estate industry. Thos...

The average wage fell below the level needed to afford the typical home in the fourth quarter of 2020, according to ATTOM Data Solutions.

(Dec 31): Record-low mortgage rates were supposed to make it easier for homebuyers. Instead, they’ve helped push affordability to a 12-year low. Buyers in the fourth quarter needed to spend almost 30% of the average wage to afford a typical house, the biggest share for any three-month period since 2008, according to preliminary figures from Attom Data Solutions. Low borrowing costs, now below 3% for a 30-year loan, have spurred a buying frenzy, driving up prices across the country as shopper...

House flipping is down in North Texas during the pandemic, but profits are up D-FW ranked eighth in U.S. for third-quarter house flipping. North Texas home sales fell by 8% in February because of the winter storm.(Vernon Bryant / Staff Photographer) One of the best housing markets in a generation hasn’t caused a flood of house flipping. A shortage of homes for sale across the country has made it tougher to find bargain buys. But flippers are making bigger profits when they do sell a property...

A total of 57,155 U.S. single-family homes and condos were flipped during the third quarter, which represented one in 20 transactions or 5.1 percent of all home sales. That number was down from 6.7 percent of all home sales during the second quarter and 5.5 percent of all home sales during the third quarter. Despite the seeming decline in popularity of house flipping, the gross profit on the typical home flip rose to its highest amount since 2000. During the third quarter, the typical gross pro...

U.S. foreclosure filings decreased 14 percent in November 2020 from the month before to a total of 10,042 properties with foreclosure filings (including default notices, scheduled auctions or bank repossessions), according to a report released Thursday by Attom Data Solutions. That figure was down 80 percent from the year before, and rolled in as the Federal Housing Finance Agency (FHFA) announced an extension of its foreclosure moratorium on Fannie Mae and Freddie Mac-backed mortgages through ...