Industry Data

Home Prices in Nearly Half of Opportunity Zones Increase

by admin
Comment Off
577 views

Median prices again rose year-over-year in two thirds of Opportunity Zones. That’s according to ATTOM Data Solutions’ third special report analyzing qualified Opportunity Zones established by Congress in the Tax Cuts and Jobs act of 2017. The report, released in late February, examined about 3,700 zones with sufficient sales data to analyze, meaning they had at least five home sales in each quarter from 2005 through the fourth quarter of

U.S. Homeowners Four Times as Likely to be Equity-Rich Than Seriously Underwater

by admin
Comment Off
784 views

ATTOM Data Solutions reports that in the fourth quarter of 2019, equity-rich properties comprised 27% of all mortgaged homes. The highest equity levels were in the San Francisco Bay area. According to ATTOM’s fourth-quarter 2019 U.S. Home Equity & Underwater Report, released in early February, 14.5 million residential properties in the U. S. were considered equity-rich, meaning that the combined estimated amount of loans secured by those properties was 50%

Apartment Market Growth in 2019

by admin
Comment Off
1,158 views

Apartments.com and CoStar Group looked at rental markets in the U.S. with more than 50,000 units and have compiled the hottest markets of 2019 according to number of new units, highest rent levels and rent growths, and decreases in vacancies. With 19,522 apartment units built in 2019, Dallas-Fort Worth, Texas, leads the nation with the highest number of new units. For renters looking for a new home in Dallas, there

U.S. Foreclosure Activity Drops to 15-Year Low

by admin
Comment Off
763 views

ATTOM Data Solutions’ Year-End 2019 U.S. Foreclosure Market Report shows foreclosure filings—default notices, scheduled auctions and bank repossessions—were reported on 493,066 U.S. properties in 2019, down 21% from 2018 and down 83% from a peak of nearly 2.9 million in 2010 to the lowest level since tracking began in 2005. Those 493,066 properties with foreclosure filings in 2019 represented 0.36% of all U.S. housing units, down from 0.47% in 2018

Average U.S. Home Seller Profits Hit New High

by admin
Comment Off
869 views

ATTOM Data Solutions’ Year-End 2019 U.S. Home Sales Report shows that home sellers nationwide in 2019 realized a home price gain of $65,500 on the typical sale, up from $58,100 last year and up from $50,027 two years ago. The latest profit figure, based on median purchase and resale prices, marked the highest level in the U.S. since 2006. That $65,500 typical home seller profit represented a 34% return on

Home Flipping Activity Drops, Returns Remain Near Seven-Year Low

by admin
Comment Off
977 views

In the third quarter of 2019, overall home flips dropped 12.9% over the previous quarter and were down 6.8% from a year ago, according to ATTOM Data Solutions’ third-quarter 2019 U.S. Home Flipping Report. Home flipping rates were down in 78% of the local markets (115 of 147) analyzed in the report. This decline came after an unusually active flipping market in the spring. The declines stood out as the