Number of U.S. properties facing foreclosure is up more than 25% from a year ago.
Tagged: ATTOM
Attom reports 4% decrease in July, but a 143% jump from a year ago.
ATTOM and Black Knight both report that home equity shot up parallel with soaring home values.
Websites now the property of Nations Info; financial terms of the deal were not disclosed.
Profit margins on single-family homes and condo sales hit another record of 55.5%.
ATTOM found 96% of major metro areas had an annual increase in foreclosure filings as the U.S. foreclosure levels spiked 219%.
The second quarter report found that nearly one-third of average U.S. wages were required for major home-ownership expenses.
In a striking trend, profit margins slipped to their lowest point since 2009.
New Jersey, Illinois, and inland California had the highest concentrations of the most at-risk markets in the first quarter.