Of more than 500 counties analyzed by ATTOM, 97.8% are less affordable in the first quarter of 2024 than their historic averages.
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Nearly 30% decrease in homes flipped from the year prior, ATTOM reports.
Annual uptick reflects shifting dynamics in housing market: while some states witness decreases, others experience notable increases; South Carolina, Delaware, and Florida top foreclosure rates nationwide.
Median home values dropped in over half of ATTOM's targeted Opportunity Zones in the U.S. in Q4 2023.
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.