ATTOM registers a slight quarterly increase in zombie foreclosures, but a 20% annual decline
Tagged: ATTOM
In the third quarter of 2024, ATTOM reports that equity-rich homes are still at historic highs
Homeowners earned a 55.6% profit margin on typical single-family home sale
ATTOM's Q3 2024 saw foreclosure starts down 10% from last year
Median-priced homes and condos are less affordable than historical averages in 99% of analyzed counties nationwide.
Profit margins improved in the second quarter for the fourth time in five quarters, with a typical gross return of 30.4%
August 2024 saw 30,227 U.S. properties with foreclosure filings.
Residential loans increased 23% quarterly, but total residential lending activity is down 1.6% from Q2 2023 and down 61.2% from 2021's peak.
ATTOM attributes the decline in foreclosure rates and the low number of zombie foreclosures to high homeowner equity.