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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.
Refinance activity improved, but purchase lending and HELOCs declined.
While nearly half of U.S. mortgaged homes remain equity-rich, data indicates a downturn in recent quarters.
