Number of Home Flips Hits Highest Level in More Than 15 Years By ATTOM Staff ATTOM, a leading curator of land, property, and real estate data, released its year-end 2022 U.S. Home Flipping Report, which shows that 407,417 single-family homes and condos in the United States were flipped in 2022. That was up 14% from 357,666 in 2021, and up 58% from 2020, to the highest point since at least
Read More
Drop-off Matches Broader Nationwide Downturn By ATTOM Staff ATTOM, a leading curator of land, property, and real estate data, released its fourth-quarter 2022 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017 (see full methodology below). In this report, ATTOM looked at 4,119 zones around the United States with sufficient data to analyze, meaning they had at least five
Read More
Foreclosure Starts Up from 2021, While Foreclosure Completions Decline by ATTOM Staff ATTOM, a leading curator of real estate data nationwide for land and property data, released its Year-End 2022 U.S. Foreclosure Market Report, which shows foreclosure filings— default notices, scheduled auctions and bank repossessions — were reported on 324,237 U.S. properties in 2022, up 115% from 2021 but down 34% from 2019, before the pandemic shook up the market. Foreclosure filings in
Read More
A Critical Tool for Investors to Mitigate Investment Risk and Determine ROI By ATTOM Team AVMs (automated valuation models) are found on almost every real estate site — from Zillow to Redfin. They are perfect tools for a quick property valuation, but what about their accuracy in times like these, when nobody really knows which way the market is going to go? Is inflation going to continue to slow the
Read More
Major Home-Ownership Costs Consume 32% of Average National Wage By ATTOM Staff ATTOM, a leading curator of real estate data nationwide for land and property data, released its fourth-quarter 2022 U.S. Home Affordability Report showing that median-priced single-family homes and condos are less affordable in the fourth quarter of 2022 compared to historical averages in 99% of counties across the nation with enough data to analyze — far above the 68% of
Read More
AI Enables Personalized Property Intelligence for Investors By Steve Gaenzler Historic inflation, a doubling of mortgage rates, and general uncertainty about the direction of the real estate market have made investors cautious about the future and concerned about risk in their portfolios. The U.S. housing market is experiencing something between a normalization and a correction. After skyrocketing in 2021 and early 2022, home price growth slowed significantly between June and
Read More
