Analysis and Data
The company announced concurrently its decision to purchase Flagstar Bank's servicing and TPO operations for $1.4B.
ATTOM reported home sellers earned a 55.8% profit margin during Q2 2024 on typical single-family home and condo sales — a largely unchanged figure.
But, industry experts say sales data obscure still-strong demand for new construction.
The company more than doubled the $39.3 million of earnings it generated in the first quarter.
On an unadjusted basis, the Market Composite Index decreased 2% compared with the previous week.
Two-thirds of U.S. homes are underinsured as coverage amounts fail to keep pace with rising premiums, new report shows.
Existing homes sold in June at a rate only 40,000 units above that experienced in October 2023 — when mortgage rates kissed 8% — and 1.5 million units lower than June 2019.
An Auction.com survey found the "hidden costs" of homeownership contributed to rise in delinquencies.
Deals are falling through as buyers grow selective and the reality of high housing costs hits home.
Fannie Mae and Redfin both forecast home price growth slowing in latest reports.