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
Read More
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
Read More
Rental Housing Providers Deliver Nearly 25,000 Units of Build-to-Rent Housing in 2023 By National Rental Home Council and Yardi Matrix Build-to-rent homes help to address America’s supply-constrained housing markets while allowing families to enjoy the benefits of a new home experience that meets the lifestyle priorities of today’s housing consumers. The National Rental Home Council (NRHC) reported the number of newly built single-family rental homes completed in 2023 totaled nearly
Read More
Home Rental and Ownership Still Difficult in 2024 for Average Workers By ATTOM Staff ATTOM released its 2024 Rental Affordability Report, which shows that median three-bedroom rents in the U.S. are more affordable than owning a similarly-sized home in nearly 90% of local markets around the nation. The report shows that both renting and owning a three-bedroom home continue to pose significant financial burdens for average workers, consuming more than
Read More
Raw Flipping Profits Also Up, to High Point Since Middle of 2022 By The ATTOM Team ATTOM, a leading curator of land, property, and real estate data, released its third-quarter 2023 U.S. Home Flipping Report showing that 72,543 single-family homes and condominiums in the United States were flipped in the third quarter. Those transactions represented 7.2%, or one of every 14 home sales nationwide, during the months running from July
Read More
Take a True Look at Each Deal in Front of You By Rodney Mollen Renovating properties has been a tried-and-true method of creating investment value in real estate for decades. During up markets and down markets alike, there are always opportunities to create value-add profitability with a good renovation strategy. Finding the right deals presents one challenge for investors, while another key factor is identifying the best renovation for each
Read More
