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This marks the largest annual decrease in profit margins since early 2009 when the housing market crashed.
The latest trends have reversed patterns seen in early 2019 through early 2021 when lending activity tripled.
'The ongoing gains showed that lots of households are buying in those areas – something that should lure the attention of investors.'
Completed foreclosures increased 13% from September, ATTOM says
ATTOM released its Q3 U.S. Foreclosure Market Report, showing 45,517 U.S. properties with foreclosure filings.
But Single-Family Home Prices In Designated Redevelopment Areas Still Lag Behind National Median