News Updates

ATTOM Unveils Innovative Cloud-Based Platform Offering Instant and Direct Access to Its Data

Simplify Data Management, Improve Data Quality and Drive Business Value with ATTOM Cloud; Start with a 30-day FREE Trial ATTOM, curator of the nation’s premier property database, announced the launch of ATTOM Cloud, a new cloud-based platform that provides immediate access to high-quality curated property data. ATTOM Cloud allows customers to focus more time on extracting value from property data and less on complex data management processes and infrastructure. Getting started with ATTOM Cloud takes just minutes. Once implemented, ATTOM Cloud takes care of all data updates, so customers can stay focused on their product or analytic projects. Built-in flexibility provides for quick iteration and customer feedback, helping customers to drive additional revenue and lower costs. Start your free trial of ATTOM Cloud “Unlocking the power of data requires accessing it quickly and managing it well, which is becoming increasingly difficult,” said chief technology officer Todd Teta with ATTOM. “In our space, many competitors promise immediate and consistent access to property data, but we’re doing more than that – we’re actually delivering it.  We developed ATTOM Cloud to give our customers immediate access to data, streamed directly from our data warehouse in a platform that can grow with their needs.” ATTOM customers have the option of registering for a 30-day, limited trial of ATTOM Cloud, which includes five pre-selected geographies. The registration process takes less than five minutes to complete, compared to a process that can take weeks or days with competitors – an issue ATTOM recognized and quickly addressed with the development and release of ATTOM Cloud.  Once connected, ATTOM continuously administers and updates the data for customers, eliminating any need for data loading, updating, or management on the customers’ part. Click here to view ATTOM’s Table of Data Elements ATTOM Cloud complements traditional delivery models, such as flat files and APIs that require data mapping or software integration in order to use. It supports standard interfaces for connecting to data, so existing tools and technologies can be used. ATTOM Cloud also includes robust data discovery features and a support ecosystem that helps customers find, evaluate and use the data. “ATTOM Cloud is the extensible platform of choice on which to base your new real estate data project as it can be tailored to meet your needs, whether your application is supporting a website or serving as the hub of a data science project,” said chief data officer Richard Sawicky with ATTOM. “The fundamental principle of our design is to ensure that customers have access to the most current and accurate data available.” Elevate and Evolve with ATTOM Cloud ATTOM Cloud delivers large volumes of property data, that is immediate, comprehensive, focused, simple and convenient. ATTOM Cloud provides complete transparency to property data and will shape the future of data consumption. Learn more about how ATTOM Cloud can benefit your business, register for the ATTOM Cloud Webinar About ATTOM ATTOM provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation’s population. A rigorous data management process involving more than 20 steps validates, standardizes, and enhances the data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 20TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, property data APIs, real estate market trends, and more. Also, introducing our latest solution, that offers immediate access and streamlines data management – ATTOM Cloud.

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Dwellsy Announces 2021 List of Top Cities for Renters

A new resource from Dwellsy highlights the cities that best suit renters’ needs Dwellsy published its 2021 ranking of best cities in America for renters. Taking into consideration a number of factors such as rent prices, availability, employment, schools and health we ranked over 350 metropolitan areas on their attractiveness for renters. At Dwellsy, we know there is a city and a great rental home out there for every renter, but we wanted to find out which cities were the most renter-friendly of all. In order to start creating our list, we crunched data sets including rent prices, healthcare availability, employment/unemployment and many more. Then, we also looked at several different qualitative factors, like local arts and food scenes. This combination of different factors allowed us to consider cities holistically, much like a renter looking for a place might do. “Most lists of best places to live in America are written from the perspective of home buyers; we wanted to create a ranking that takes into consideration the unique preferences and needs of renters.” Jonas Bordo, CEO and Co-Founder of Dwellsy. By weighing all these variables, we are proud to present a list of cities that scored well overall: “The Top Cities for Renters in 2021.” With high-quality schools, affordable rentals, and low unemployment rates, it is no surprise that the Midwest stood out as one of the best regions in America to be a renter. In fact, all of our top three cities are located in this region: Fargo, ND, Sioux Falls, SD, and Lincoln, Nebraska. With its three universities and thriving cultural scene, Fargo came in as our top city for renters in America. Fargo is often cited as one of the best job markets and one of the best cities for starting a career. Lincoln, number two on our list, has a remarkably low unemployment rate at only 3.3% and many career opportunities in healthcare. At number three, Sioux Falls stands out as one of the healthiest cities in America and even has a thriving local poetry scene. For a closer look at the top cities and why each made the list, take a look at the Top 10 Small Cities for Renters. Free Listing with DwellsyDwellsy’s primary goal is to make renting easier on both renters and property managers. We believe that people should be able to see all available home rentals in one central place, where they can narrow down their search results to homes that are specific to their wants and needs. It is important to our mission that landlords and property owners can list on our site for free because it allows renters to avoid the hassle of navigating through irrelevant paid listings and it allows every landlord to place every listing on Dwellsy. Our Partners Are Key to Our SuccessPartnerships with industry property management software companies such as Buildium, AppFolio, Entrata and Yardi, have enabled Dwellsy onboard verifiable direct feeds quickly and easily. Additionally, multifamily leaders like Gables, Bozzuto, Equity, Highmark and many others have helped to make our platform the largest in the nation, with over 10 million listings available nationwide. The more we continue to grow and expand, the better we are able to serve renter and property owners, increasing liquidity in what has historically been a highly fragmented market. About DwellsyDwellsy is a home rental platform where renters can find houses, townhomes, condos, and apartments—for rent. Dwellsy is different from other sites because we don’t charge any listing fees, lease fees, nor lead fees. None. Dwellsy offers the benefit of organic search results that put the renter front and center. Dwellsy is built for Renters. To find your next apartment or house for rent visit https://dwellsy.com.

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Fannie Mae Extends Protections for Renters Affected by COVID-19

Multifamily Borrowers Now Eligible for Forbearance through September 30, 2021 To continue to support renters in multifamily units and Fannie Mae-financed multifamily property owners experiencing financial difficulties as COVID-19 persists, Fannie Mae (OTCQB: FNMA) announced the extension of its multifamily COVID-19 forbearance program through September 30, 2021. The program, which requires landlords to suspend all evictions for renters unable to pay rent during the forbearance period, was formerly set to expire on June 30, 2021. For any Fannie Mae-financed multifamily properties with a new or modified forbearance plan as the result of a financial hardship due to COVID-19, the property owner must inform tenants in writing about tenant protections available during the property owner’s forbearance and repayment periods. In addition, the borrower is required to provide tenant protections, which include: Allow the tenant flexibility to repay back rent over time and not in a lump sum; Not charge the tenant late fees or penalties for non-payment of rent; and Give the tenant at least a 30-day notice to vacate. “Fannie Mae remains committed to supporting renters and multifamily property owners as COVID-19 continues to financially impact many people in the United States,” said Michele Evans, Executive Vice President and Head of Multifamily. “By extending the forbearance program for Fannie Mae multifamily borrowers, we are also extending essential protections and flexibilities for renters, which will help keep people in their apartments as the economy continues to improve.” Here to HelpSince March 2020, Fannie Mae has taken a number of actions to help renters facing financial hardship due to COVID-19, including extending eviction protections to multifamily renters when the property owner received a forbearance and announcing a new Renters Resource Finder tool. These and the many other resources, including KnowYourOptions.com, that we make available are part of our ongoing Here to Help education effort, aimed at helping homeowners and renters impacted by COVID-19 understand the options available to them. For renters, KnowYourOptions.com provides straightforward information to understand rent relief and assistance options and to understand the available tenant protections. Renters in a multifamily property financed by Fannie Mae also have access to the Disaster Response Network, which offers free assistance from U.S. Department of Housing and Urban Development-certified housing counselors who can help navigate financial challenges caused by COVID-19, such as information and guidance on accessing federal and state housing assistance, unemployment benefits, nutritional assistance, and other available programs. The Disaster Response Network can be accessed from the Renters Resource Finder on KnowYourOptions.com, or by calling 877-833-1746. About Fannie MaeFannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of people in America. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit:fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog

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Multi-Generational Demand: US Home Prices Post Third Month of Double-Digit Growth in April, CoreLogic Reports

CoreLogic Home Price Index recorded a 13% annual gain, the highest since February 2006 Limited inventories discourage potential sellers, further exacerbating inventory and affordability challenges CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for April 2021. Sparse inventory and high demand continues to place upward pressure on home prices, creating challenges across generations as buyer preferences shift. Younger millennials continue to enter the market in droves while older millennials look to upgrade and upsize their homes. In a recent CoreLogic consumer survey, the need for more space was noted as the top driver (64%) for demand among these cohorts. The increased competition among buyers may cause a ripple effect and create affordability challenges for baby boomers interested in downsizing or relocating. Notably, 72% of this cohort list the desire for a new location as the main reason for wanting to purchase a new home. However, in response to rising prices, baby boomers — who own 54% of the nation’s homes — may wait to sell, creating further inventory pressures for older millennials seeking move up-purchases. “As older homeowners become more comfortable with listing their homes, they are faced with the reality that if they sell, they may get a smaller home for the same price as what they already have,” said Frank Martell, president and CEO of CoreLogic. “Rather than decreasing their financial burden and cashing out equity to support their retirement, baby boomers may choose to stay put — which could exacerbate inventory challenges.” Top Takeaways: Nationally, home prices increased 13% in April 2021, compared with April 2020. On a month-over-month basis, home prices increased by 2.1% compared to March 2021. Appreciation of detached properties (14.7%) was more than double that of attached properties (7.2%) in April as prospective buyers continue to seek out more space. Home prices are projected to increase 2.8% by April 2022, as affordability and supply challenges drive potential buyers out of the market, causing a slowdown in home price growth. In April, home prices rose sharply in the west with Coeur d’Alene, Idaho, experiencing the highest year-over-year increase at 31.4%. Boise City, Idaho, ranked second with a year-over-year increase of 28.6%. At the state level, Idaho and Arizona continued to have the strongest price growth at 27.2% and 20.4%, respectively. South Dakota also had a 19.3% year-over-year increase as new home buyers seek out more affordable options, space and low property taxes. “Baby boomers are staying in their homes longer, slowing the pace with which existing homes come on the for-sale market,” said Dr. Frank Nothaft, chief economist at CoreLogic. “Owner occupants today have been in their homes for a median of 13 years, about 50% longer than the previous generation.” About CoreLogic CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, buy and protect their homes. For more information, please visit www.corelogic.com.

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High-End Home Sales Surge Nearly Twice as Fast as Sales of Mid-Priced Homes

–Purchases of high-end homes jumped 26% in the three months ending April 30, versus a 15% increase for mid-priced homes –Prices of high-end homes also saw a relatively big climb, up 14%, versus a 10% rise for affordable homes –Homes in every price tier are selling in less than 4 weeks–significantly faster than a year ago Purchases of high-end homes in the U.S. jumped 26% year over year during the three months ending April 30, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That’s compared to the 17.8% gain in purchases of affordable homes and the 14.8% increase in purchases of mid-priced homes. This comes as wealthy Americans have reaped the benefits of a strong stock market, swelling savings accounts and remote work—and as a relative abundance of high-end homes have hit the market, enabling purchases in that segment of the market to flourish. “So far, the economic recovery from the pandemic has disproportionately benefited Americans with bigger bank accounts,” said Redfin Chief Economist Daryl Fairweather. “This means a lot of the demand for homes is coming from folks who are well-off, while many lower-income Americans sit on the sidelines because they’ve been priced out of the housing market due to surging prices.”  Redfin’s analysis divides U.S. residential properties into three equal-sized buckets—high-end, mid-priced and affordable—based on Redfin Estimates of the homes’ market values. It’s important to note that year-over-year changes in Redfin’s report may be somewhat exaggerated because pandemic stay-at-home orders halted homebuying and selling around this time last year. The surge in purchases of expensive properties was led by San Francisco, which saw an 82.4% jump in high-end home sales during the three months ending April 30—the biggest gain among the 50 most populous U.S. metropolitan areas. Next came Oakland, CA (+71.8%), Miami (+70.4%), San Jose, CA (+66%) and Las Vegas (+64.4%). “Growth in high-end-home sales is currently skewed toward some of the most expensive markets in the country—like the Bay Area and parts of Florida—which is fueling an uptick in high-end home prices,” Fairweather said. “The high-end sales growth in Florida is being fueled by an influx of affluent out-of-staters, while the gain in the Bay Area is more of a recovery from the massive decline in sales the region experienced at the start of the pandemic when scores of Americans left big cities. Folks may be starting to feel more comfortable putting down roots in major hubs now that they’re gaining clarity on post-pandemic life.“ Prices of High-End Homes Are Growing Faster Than Prices of Affordable and Mid-Priced HomesPrices of high-end homes in the U.S. rose a record 14.3% year over year during the three months ending April 30. By comparison, prices of mid-priced homes climbed a record 12.4% and prices of affordable homes increased 10.2%. “Record” changes in this context refers to Redfin’s records, which date back to 2013.  “As the economic recovery starts to touch more middle-class Americans, we expect to see price growth accelerate for affordable and mid-priced homes,” said Fairweather.  High-end home prices rose in all of the 50 most populous U.S. metropolitan areas. Austin, TX led the way with a 24.1% jump, followed by San Diego, CA (+18%), Miami (+17.7%), West Palm Beach, FL (17.6%) and Phoenix (+17.2%). Many of the metros at the top of this list are popular destinations for people who have left big cities in search of relative affordability, space and/or sunshine during the pandemic. Phoenix was the number-one destination for Redfin.com users looking to move to a different area in April, with Austin and Miami not far behind. That’s based on net inflow—a measure of how many more Redfin.com home searchers looked to move into a metro than leave. “In the high-end market, we’re not only seeing multiple offers—we’re seeing buyers waiving appraisal and inspection contingencies, which doesn’t normally happen,” said Vincent Shook, a Redfin real estate agent in Phoenix. “The biggest driver is the influx of people from California. Still, competition remains toughest for buyers of affordable and mid-priced homes. Some buyers with more modest budgets are coming to me and saying, ‘I want a four-bedroom home and here’s my maximum price.’ I’ve had conversations where I’ve had to be brutally honest and tell them that home literally does not exist anymore. It existed eight months ago when they started looking, but they wanted to wait in hopes that prices would come down. Prices didn’t come down, and now they’re priced out of the market.” The Number of High-End Homes Hitting the Market is on the RiseListings of high-end homes rose 19.3% year over year during the three months ending April 30—outpacing a 13.9% gain in affordable listings and a 9.1% increase in mid-priced listings. Homes of Every Price Are Flying Off the ShelvesThe typical high-end home that was for sale during the three months ending April 30 spent 26 days on the market—23 fewer days than the same period in 2020. Affordable homes spent 24 days on the market (12 fewer days than a year earlier) and mid-priced homes spent 20 days on the market (18 fewer days than a year earlier). To read the full report, including additional charts and metro-level data, please visit: https://www.redfin.com/news/real-estate-price-tier-report-april-2021  About Redfin Redfin (www.redfin.com) is a technology-powered real estate broker, instant home-buyer (iBuyer), lender, title insurer, and renovations company. We sell homes for more money and charge half the fee. We also run the country’s #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Since launching in 2006, we’ve saved customers more than $1 billion in commissions. We serve more than 95 markets across the U.S. and Canada and employ over 4,100 people. 

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Zombie Foreclosures Increase 21 Percent Across Nation in Second Quarter of 2021

But Zombie Foreclosures Still Represent Just One of Every 12,300 Residential Properties; Percentage of Foreclosure Properties Sitting Empty Ticks Down ATTOM Data Solutions, curator of the nation’s premier property database, released its second-quarter 2021 Vacant Property and Zombie Foreclosure Report showing that 1.4 million (1,409,457) residential properties in the United States are vacant this quarter, representing 1.4 percent of all homes. The report analyzes publicly recorded real estate data collected by ATTOM Data Solutions — including foreclosure status, equity, and owner-occupancy status — matched against monthly updated vacancy data. (See full methodology enclosed below). Vacancy data is available for U.S. residential properties at https://www.attomdata.com/solutions/marketing-lists/. The report reveals that 223,671 properties are in the process of foreclosure in the second quarter of this year, up 27.5 percent from the first quarter of 2021 but still down 13.3 percent from the second quarter of 2020. The number of pre-foreclosure homes or Zombie homes sitting empty (8,078 in the second quarter of 2021) was up both quarterly, by 21 percent, and annually, by 5.6 percent. The portion of pre-foreclosure properties that have been abandoned into zombie status dropped slightly, from 3.8 percent in the first quarter of 2021 to 3.6 percent in the second quarter of 2021. Among the nation’s total stock of 99 million residential properties, the portion represented by zombie properties remains miniscule, but has grown slightly in the second quarter of 2021. One of every 12,256 homes in the second quarter sit empty in the foreclosure process, up from one in 14,825 in the first quarter of 2021 and up from one in 12,967 in the second quarter of last year. The count of zombie foreclosures has risen this quarter despite an ongoing federally-imposed moratorium on foreclosures aimed at helping homeowners get through economic troubles stemming from the worldwide Coronavirus pandemic. Affecting about 70 percent of home loans in the United States, the moratorium bars lenders from pursuing delinquent homeowners who have government-backed mortgages. It has been in place since last March and is currently in effect until the end of June. Some private lenders also have voluntarily offered mortgage extensions. “The latest numbers show a spike in zombie properties during the second quarter that stands out compared to recent times, especially given the moratorium. It may simply be due to lenders foreclosing on homes that were already abandoned. We are watching that closely to see what it means and whether it’s the start of new trend,” said Todd Teta, chief product officer with ATTOM Data Solutions. “But even with the increase, zombie foreclosures are still just a dot on the housing market radar screen, which is more testimony to how strong the housing market remains. You can still walk around most neighborhoods around the country and literally not find a single empty house going through the takeover process, and that remains very good news for current homeowners, as well as potential homeowners.” Zombie foreclosures up in 33 states A total of 8,078 residential properties facing possible foreclosure have been vacated by their owners nationwide in the second quarter of 2021, up from 6,677 in the first quarter of 2021 and from 7,652 in the second quarter of last year. The number increased, quarter over quarter, in 33 states and the District of Columbia. Among states with at least 100 zombie foreclosures during the second quarter of 2021, some the biggest increases from the first quarter to the second quarter of this year include Maryland (up from 44 to 151), Iowa (up from 43 to 114), North Carolina (up from 68 to 119), South Carolina (up from 79 to 133) and Ohio (up from 633 to 1,033). “We’ve seen this before – government officials who are trying to prevent unnecessary defaults delay foreclosure proceedings for so long that the distressed borrowers simply abandon the property before the foreclosure takes place,” said Rick Sharga, executive vice president at RealtyTrac, an ATTOM Data Solutions company. “There are probably two things behind the increase in Zombie foreclosures: First, the fact that most foreclosure starts today are on vacant and abandoned properties; and second, there were also almost 250,000 loans in foreclosure prior to the pandemic, and they’ve been in limbo for over 14 months. Very likely that some of the borrowers in those properties have moved on, but lenders have been prohibited from beginning foreclosure proceedings on those loans.” Highest numbers of zombie properties again in northeastern and midwestern states New York continues to have the highest number of zombie properties in the second quarter of 2021 (2,052), followed by Ohio (1,033), Florida (1,021), Illinois (897) and Pennsylvania (401). States in Midwest and South show biggest decreases in overall vacancy rates Vacancy rates for all residential properties in the U.S. declined slightly to 1.42 percent in the second quarter of 2021, from 1.46 percent in the first quarter of 2021 and 1.52 percent in the second quarter of last year. States with the biggest quarterly decreases in overall vacancy rates are Rhode Island (down from 1.3 percent of all homes in the first quarter of 2021 to 1 percent in the second quarter), Mississippi (down from 2.5 percent to 2.2 percent), Kentucky (down from 1.2 percent to 1.1 percent), South Carolina (down from 1.7 percent to 1.6 percent) and Kansas (down from 2.5 percent to 2.4 percent). Other high-level findings from the second-quarter data: Among 159 metropolitan statistical areas with at least 100,000 residential properties and at least 100 properties facing possible foreclosure, the highest zombie rates in the second quarter of 2021 are in Peoria, IL (14.2 percent of properties in the foreclosure process are vacant); Wichita, KS (14.1 percent); South Bend, IN (12 percent); Youngstown, OH (11.6 percent) and Cleveland, OH (11.5 percent). Aside from Cleveland, the highest zombie-foreclosure rates in major metro areas with at least 500,000 residential properties and at least 100 properties facing foreclosure in the second quarter of 2021 are in Detroit, MI (10.4 percent of properties in the foreclosure process are vacant); Atlanta, GA (9.7 percent); Portland, OR (9.6

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