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3 in 100 Pandemic Homebuyers Would Fall Underwater With Next Year’s Projected 4% Home-Price Decline

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Recent homebuyers in certain places, like Sacramento and Phoenix, are at higher risk of falling underwater on their mortgage, while Florida homeowners are at even lower risk Only 3.4% of U.S. homeowners who bought in the last two years would be underwater on their mortgage if home values were to fall 4% by the end of 2023, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The typical

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Home buyers see first signs of affordability relief in months

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Affordability remains the biggest challenge facing home buyers today, but this small step forward is a welcome sight After months of watching the cost of a new mortgage rise higher and higher, home buyers finally saw some relief in November. A combination of declining home values and lower mortgage rates brought the monthly mortgage payment on a typical U.S. home down by about $100, according to the latest Zillow® Market Report. Still,

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Home Flipping Declines Again across the U.S. During Q3 as Investor Profits Hit 13-Year Low

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Nationwide Home-Flipping Rate Drops for Second Straight Quarter; Typical Profit Margins on Flips Hit Lowest Point in 13 Years; Gross Profits on Home Flips Plummet at Fastest Pace Since 2009 ATTOM, a leading curator of real estate data nationwide for land and property data, released its third-quarter 2022 U.S. Home Flipping Report showing that 92,422 single-family houses and condominiums in the United States were flipped in the third quarter. Those

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Most Home Buying Pet Parents Would Pass on Their Dream Home if it Doesn’t Work for Fido, According to Realtor.com® Survey

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More than two-thirds of prospective buyers with pets say they’d buy a home specifically because of features that cater toward their pet From adding “catios” to foregoing a home that’s not pet-friendly, many homeowners and buyers are prioritizing their furry friends when making pivotal real estate decisions. According to a new survey conducted by Realtor.com® and HarrisX among 3,001 U.S. adults, 82% of Americans with pets who are planning to buy a home

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us home equity gains rose annually in q3 but fell sharply from q2

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CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, released the Homeowner Equity Report (HER) for the third quarter of 2022. The report shows that U.S. homeowners with mortgages (which account for roughly 63% of all properties) saw equity increase by 15.8% year over year, representing a collective gain of $2.2 trillion, for an average of $34,300 per borrower, since the third quarter of 2021. Nationwide, annual home equity gains

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U.S. FORECLOSURE COMPLETIONS INCREASE ANNUALLY BY 64 PERCENT IN NOVEMBER 2022

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Foreclosure Activity Remains Up 57 Percent from Last Year, and Foreclosure Starts Increase Annually by 98 Percent; But Both Measures Down from October 2022 ATTOM, a leading curator of real estate data nationwide for land and property data,  released its November 2022 U.S. Foreclosure Market Report, which shows there were a total of 30,677 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – up 57 percent from a year ago, but down

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