#Attom Data Solutions

Home flipper profits are down, but activity grows

Home flippers are stepping up their presence in the real estate market at a time when profits have dipped to a ten-year low. Around 4.9% of all home sales in the second quarter came were home flips, which ATTOM Data Solutions defines as a home or condo that was bought and then sold on again within 12 months. That’s up from just 3.5% of all home transactions in the first quarter of the year, though home flipping activity still lower than what it has been throughout most of the last decade.
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🔒Boomerangers: Even more young adults in Michigan living with parents

There is an increasing trend in Michigan of young adults moving back in with their parents, data shows. You’re probably already aware of the trend, but the data really spells out how much it has increased in recent years. This article first appeared in ClickOnDetroit’s “Data Drop” newsletter -- sign...
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Profit margins on fixer-uppers fall to 10-year low

The hot housing market made it a boon to flip homes. But with buyers beginning to ease up, and sellers of even dilapidated homes demanding top dollar, investors in fixer-uppers are seeing profit margins sink. Their return on investment the second quarter came in at less than 34 percent of...
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Growing number of U.S. suburbs now dominated by renters

Many American suburbs, once an emblem of the dream of homeownership, are increasingly a place where people send a check to the landlord. Renters now make up the majority of residents in more than 100 suburbs around the U.S., according to a new analysis of Census Bureau data from Rent Cafe. Another 57 suburbs are on their way to becoming predominately renter territory over the next five years, the apartment search website also found.

Rapid home equity growth calms foreclosure crisis fears

As government backed foreclosure moratoriums edge closer to expiration, the number of borrowers who’re still under some kind of bailout program is declining fast. But the future is not as bleak as some may have feared for those who’re still in trouble. Data from Black Knight shows there were 1.618...
Winston-Salem Journal

Home flipping slows down, still profitable in Winston-Salem area

The Winston-Salem metropolitan statistical area experienced a 20% decrease in homes being bought for flipping during the second quarter, according to a report from national real-estate research firm Attom Data Solutions timed for release Thursday. Sales of flipped homes in the Winston-Salem metropolitan statistical area — homes purchased and subsequently...

What Is A Down Payment And When Do You Need One?

To qualify for a home or auto loan, lenders want to make sure you've got some skin in the game. Discover how a down payment works and how much you should save. If you’re buying a home, odds are you don’t have hundreds of thousands of dollars lying around to foot the bill. You’ll need financing to make this dream a reality.

The Ultimate Guide to Fix and Flip Loans

Fix and flip loans can be incredibly useful when it comes to getting the most out of your investment. Here is everything you need to know about these loans. Just last year, gross returns for flipping houses reached their highest level in 20 years, according to a report by ATTOM Data Solutions. If you’re looking to get your foot in with what has the potential to be an extremely profitable business, you need to know everything there is to know about fix and flip loans.

Property Intelligence Software Market is booming Globally with Top key players- Yardi, VTS, CoreLogic, First American DataTree, Estated, Reonomy, FuseGis

COVID-19 Impact on Global Property Intelligence Software Market Professional Survey Research Report 2021-2027. Latest research on Global Property Intelligence Software Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2021 to 2027 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Property Intelligence Software market. this report included a special section on the Impact of COVID19. Also, Property Intelligence Software Market (By major Key Players, By Types, By Applications, and Leading Regions) Segments outlook, Business assessment, Competition scenario and Trends.

Is it better to buy or rent in Tampa Bay? Both come with hurdles

To rent or buy a house? That is the question many around Tampa Bay face when looking for a place to live right now. As industries recovered from the coronavirus pandemic, the housing market became white hot. Home prices shot up and so did rates for rental properties. Tampa Bay is unique in that it saw some of the sharpest spikes in prices over the last year, making the region one of the most expensive in the country to rent an apartment or a home.

Nevada had second-highest foreclosure rate in August

(The Center Square) – Nevada had the second-highest foreclosure rate in the country last month, according to a report by a property data firm. The report from ATTOM Data Solutions says the total properties with foreclosure filings across the country stands at one out of every 8,677 housing units. In Nevada, that total was one out of every 4,877 units, second only to Illinois, where one out of every 3,848 properties is under foreclosure.
Napa Valley Register

A Napa home flip for the books: Price of south Napa home jumps $254,000 in four months

Before this June, the house at 2331 Arthur St. in south Napa had seen better days. Much better days. Years of deferred maintenance had taken a toll on the modest three-bedroom, one-and-a-half-bath dwelling. Windows were broken. The walls were heavily scuffed. Floors were damaged. The kitchen and bathrooms were heavily worn and outdated.