Homeownership remains a cheaper option than renting in the majority of areas, according to a new study by ATTOM Data Solutions.
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Category: ATTOM
Foreclosures rise in October as moratorium expiration ripples through housing market
According to real estate data provider ATTOM, foreclosure filings, which include default notices, scheduled auctions or bank repossessions, rose 5% in October on a monthly basis and 76% from October 2020, to 20,587 filings.
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Foreclosure activity on the rise, yet still far below historic norms
It’s been barely three months since the federal moratorium on foreclosures expired, but it’s starting to prove costly, as nationally, foreclosures are on the rise, having increased 67% from last year.
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Zombie foreclosures up 21% across the country
Of the 99 million residential properties in the U.S., approximately 1.4 million (or 1.4%) are vacant this quarter, with “zombie” home rates increasing both quarterly (21%) and annually (5.6%).
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Home seller profits up nationwide as market shrugs off COVID impact
In 40% of metro areas analyzed, first-quarter home prices hit new peaks or tied previous ones, according to ATTOM Data Solutions’ first-quarter 2021 U.S. Home Sales Report.
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Does your client know owning is cheaper than renting in most markets?
Here’s a little tidbit that might help clients decide whether or not it’s time to buy their first home — it could save them some money.
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Q3 home sales profit margin jumps 37.5%
“It’s almost as if the housing market and the overall economy are operating in different worlds.” — Todd Teta, chief product officer at ATTOM Data Solutions
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Q3 home sales profit margin jumps 37.5%
“It’s almost as if the housing market and the overall economy are operating in different worlds.” — Todd Teta, chief product officer at ATTOM Data Solutions
The post Q3 home sales profit margin jumps 37.5% appeared first on Atlanta Agent Magazine.