Embrace AI, Do Not Fear It by James Keegan Artificial Intelligence (AI) has crept into most industries in some way, and it is transforming not only the real estate industry overall, but private lending, specifically. As the private lending industry grows exponentially each year, lenders are facing a major rise in competition from new private lenders as well as banks that are actively expanding their lending offerings. From big data
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Typical Margin at 56% as Median Home Price Levels Out by ATTOM Team ATTOM, a leading curator of land, property data, and real estate analytics, released its third-quarter 2024 U.S. Home Sales Report, which shows that homeowners earned a 55.6% profit margin on typical single-family home and condo sales in the United States during the third quarter. That figure was down by small amounts both quarterly and annually, dipping by
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Profits Inch Up Across U.S. in Second Quarter of 2024 by ATTOM Team ATTOM, a leading curator of land, property data, and real estate analytics, released its second-quarter 2024 U.S. Home Flipping Report showing that 79,540 single-family homes and condominiums in the United States were flipped in the second quarter. Those transactions represented 7.5%, or one of every 13 home sales, nationwide during the months running from April through June
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Foreclosure Starts Increase 18%; Completed Foreclosures Increase 14% By ATTOM Team ATTOM, a leading curator of land, property, and real estate data, released its July 2024 U.S. Foreclosure Market Report, which shows there were a total of 31,929 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 15% from a month ago and up slightly by .2% from a year ago. “July’s foreclosure activity
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Foreclosure Starts Decrease 3.5 Percent in First Six Months of 2024 By ATTOM Team ATTOM, a leading curator of land, property and real estate data, released its Midyear 2024 U.S. Foreclosure Market Report, which shows there were a total of 177,431 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of 2024. That figure is down 4.4% from the same
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Buyers Gain Power as Stale Listings Pile Up and Price Drops Become Common By Dana Anderson Housing costs could come down in the coming months, as mortgage rates are coming down a bit and there are signs price growth could slow. Redfin agents report there is room for buyers to negotiate paying under list price for homes that need a bit of work. Pending sales post their biggest decline since
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