'The ongoing gains showed that lots of households are buying in those areas – something that should lure the attention of investors.'
Tagged: ATTOM
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
Total Remains 40% Higher Than At The Same Point Last Year
More Than One-Third Of Homes Nationwide Are 'Equity Rich'
The home flip rate represented just 2.7% of all home sales, which is its lowest level since the year 2000.
With spiking home prices in the second quarter of 2021, home affordability for average workers took another hit.
Home flipping and profit margins dropped amidst a housing boom, making conditions less favorable to investors.
ATTOM released its May 2021 U.S. Foreclosure Market Report, which shows a total of 10,821 U.S. properties with foreclosure filings.