The national delinquency rate fell 3 basis points (bps) to 3.34% in August, dropping 0.9% for the month but up 5.1% from last year The number of borrowers a single payment past due dropped by -26K, while 60-day delinquencies rose marginally by 1K Serious delinquencies (loans 90+ days past due but...
Month: September 2024
Typical Swing State Renter Earns 17% Less Than Needed to Afford a Typical Apartment—An Improvement From the Last Presidential Election
During the last election cycle, the typical swing state renter household earned 21% less than they needed to afford the median priced apartment The typical renter household in a swing state earns an estimated $50,267 per year—$10,365 less than the $60,633 a renter must earn to afford rent for the...
Realtor.com® August Rental Report: Rental Affordability Has Generally Improved In Most Major U.S. Markets
Most Affordable Markets Include Oklahoma City, Okla., Columbus, Ohio and Austin, Texas and Least Affordable Markets Include Miami, Los Angeles and New York Despite seasonally driven demand, rents across the U.S. dipped by $5 (or -0.3%) year-over-year and nationwide to a median rent of $1,753,...
Move over, gyms and pools: Renters want pet areas and happy hour
New data from Zillow Rentals identifies today's most in-demand rental amenities Listings with newly popular rental amenities, such as turf, air filtration and happy hour, get more daily saves and shares on Zillow Rentals than similar units without these features. Rentals with traditional luxury...
HOME FLIPPING ACTIVITY DIPS SLIGHTLY WHILE PROFITS INCH UP IN Q2 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 ATTOM, a leading curator of land, property data, and real estate analytics,...
ServiceLink’s Antonio Little promoted to vice president, two national sales executives hired
ServiceLink, the nation’s premier provider of tech-enabled services for all phases of the mortgage lifecycle, is pleased to announce the promotion of Antonio Little to vice president, national sales manager in the origination division, where he will oversee account executives across the...
HazardHub Provides Critical Hurricane Risk Data and Maps
Guidewire announced the availability of critical data and maps detailing hurricane risk at the national, state, and local levels in the United States. This service leverages HazardHub’s more than 1,000 data points and risk scores for climate risks and extreme weather events. Top States for...
U.S. FORECLOSURE ACTIVITY DECLINES BOTH MONTHLY AND ANNUALLY IN AUGUST 2024
Foreclosure Starts Decrease 5.1 Percent from Last Month; Completed Foreclosures Decrease 12 Percent from Last Month ATTOM, a leading curator of land, property, and real estate data and analytics, released its August 2024 U.S. Foreclosure Market Report, which shows there were a total of 30,227...
Rate drops, more inventory add intrigue to housing ‘offseason’
Competition among buyers is likely to extend into the fall thanks to improved affordability Monthly mortgage payments have fallen by more than $100 nationwide since peaking in May. Price cuts ticked down in August but are still common, landing on more than 1 in 4 listings. Competition is stiff for...