Page 28 - Attom Data News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(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 shoppers compete for a shrinking supply of listings. During the pandemic, prices have increased faster than...

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, according to a new study by Attom Data Solutions. Home flips were down in 90% of U.S. metro areas ...

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 profit reached $73,766, up from $69,000 during the second quarter and $61,800 during the third quarter ...

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 the end of January 2021. Rick Sharga | RealtyTrac “It’s not unusual to see foreclosure activity ...