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ATTOM reports that foreclosure filings were up in January 2024.
The fourth quarter of 2023 witnessed a drop in equity-rich properties, signaling a potential shift in the housing market, while seriously underwater mortgages saw a slight increase.
The profit actually marks the first decline in both gross profits and profit margins since 2011.
Housing market struggles with affordability as home ownership costs remain high.
Investors who bought homes with cash accounted for 62.9% of flipped homes in Q3 2023.
New ATTOM report reveals annual increase in foreclosures, but a notable monthly decline amid market cycles.
