Home ownership consumes 32.5% of wages in fourth quarter 2019 The fourth quarter 2019 U.S. Home Affordability Report, released in mid-December by data provider ATTOM Data Solutions, shows that median home prices in the fourth quarter of 2019 were unaffordable for average wage earners in 344 of 486, or 71% of the U.S. counties analyzed in the report. The figure represents a slight improvement from previous reports. It was down
Read MoreATTOM Data Solutions’ October 2019 U.S. Foreclosure Market Report shows a total of 55,197 U.S. properties with foreclosure filings—default notices, scheduled auctions or bank repossessions—in October 2019, up 13% from the previous month but down 17% from a year ago. Lenders repossessed 13,484 U.S. properties through completed foreclosures (REOs) in October 2019, up 14% from last month, hitting the highest point in total number of completed foreclosures in 2019. States
Read MoreATTOM Data Solutions’ third quarter 2019 U.S. Home Equity & Underwater Report shows that 14.4 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% or less of their estimated market value. Those equity-rich properties represented 26.7% of the 54 million mortgaged homes in the U.S. By contrast, the report shows that 3.5 million, or 6.5%,
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The second quarter 2019 U.S. Home Affordability Report, released June 25 by ATTOM Data Solutions, shows that median home prices in the second quarter of 2019 were not affordable for average wage earners in 353, or 74%, of 480 U.S. counties analyzed in the report.
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