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Gross profit margins on home flips in 2021 sank to their lowest level in more than a decade, after dropping at the fastest pace in more than 15 years.
Also up 11% from last month
Overall lending activity down 11%.
Vacant properties are inching downward in the first quarter of 2022, while foreclosure starts have surged sevenfold in January.
January 2022 U.S. Foreclosure Market Report shows foreclosure filings were up 29% from a month ago and up 139% from a year ago.
Completed foreclosures up 29% from last month to highest level since March 2020.
