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Data & Analytics

Home Flipping Activity and Profits Both Rise in Q1 2024

Investment Returns Still Low but Reach 30% Nationwide By ATTOM Team ATTOM, a leading curator of land, property and real estate data, released its first-quarter 2024 U.S. Home Flipping Report showing that 67,817 single-family homes and condominiums in the United States were flipped in the first quarter. Those transactions represented 8.7%, or one of every 12 home sales nationwide, during the months running from January through March of 2024. The

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COST OF HOME REPAIRS INCREASES BY 4.1% FROM Q1 2023

Slight Decline in Labor Costs Help Slow Overall Increase in Repairs By Rick Sharga, CJ Patrick Company The cost of home repairs and remodeling in the first quarter of 2024 continued to increase, rising by 0.59% from the prior quarter and just over 4% from the first quarter of 2023 according to the Q1 2024 Verisk Remodel Index. Costs once again set new highs for the past decade, rising over

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Homeowner Equity Remains Elevated

…But Dips Downward Again in First Quarter By ATTOM Team ATTOM, a leading curator of land, property, and real estate data, released its first-quarter 2024 U.S. Home Equity & Underwater Report, which shows that 45.8% of mortgaged residential properties in the United States were considered equity-rich in the first quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their

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Nearly 40% of Homeowners Couldn’t Afford Their Home Today

Home Prices Have Doubled Over the Last Decade By Dana Anderson, Redfin Nearly two of every five (38%) homeowners do not believe they could afford to buy their own home if they were purchasing it today.  This is according to a Redfin-commissioned survey of roughly 3,000 U.S. residents conducted by Qualtrics in February 2024. The relevant question was: “If you were looking to purchase a home, do you think you

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Foreclosure Activity Increases in Q1 2024

Bank Repossessions Up 7% By ATTOM Team ATTOM, a leading curator of land, property, and real estate data, released its Q1 2024 U.S Foreclosure Market Report, which shows a total of 95,349 U.S. properties with a foreclosure filing during the first quarter of 2024, up 3% from the previous quarter but down less than 1% from a year ago. The report also shows a total of 32,878 U.S. properties with

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Has the American Dream Changed?

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More Americans Placing Higher Value on Renting than Home Ownership By Entrata Staff Entrata, a leading AI-enabled multifamily industry operating system, announced The New American Dream report, which found that the American Dream is changing as more people are renting by choice and not because they can’t afford to own a home. In fact, 20% expect to be lifelong renters, an increase of 33% percent from 2021 (15%). This further

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