U.S. Sees Home Equity Surge in Q2 2023, Reaching a Four-Year High
49% of homes were deemed equity rich.
49% of homes were deemed equity rich.
Profit margins on typical sales nationwide increased after 3 quarterly declines.
ATTOM report says filings are gradually approaching pre-pandemic levels.
ATTOM: Americans needed to use a third of their wages to cover homeownership costs.
Lauren Trevathan promoted to chief of staff; Karen Tang hired as chief customer officer.
Flips increased to 9% of sales as profit margins post modest increase.
Filings rose 7% from April and 14% from a year earlier.
Total residential loans drops nearly 20% as just 1.25m loans were originated.