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Rob Barber - 2 That's - 1 ATTOM - 1 Gross - 1
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4 mentions found


☆ House-flipping profits continue to rebound as home prices soar
  + stars: | 2023-09-22 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +2 min
House-flipping profits continued to rebound in the second quarter, according to ATTOM. That's as home prices grew between the time a property was purchased and sold. Gross profit on a typical house flip increased to $66,500 in the second quarter, up 18% from $56,250 in the first quarter, though that's well below the all-time high of $102,063 in 2022. AdvertisementAdvertisementThe rebound came as the median price for a single-family home spiked 10% during the spring buying season. High demand and low inventory in the housing market have helped drive residential prices up through this year.
Persons: That's, ATTOM, Gross, Rob Barber Organizations: Service Locations: Wall, Silicon
☆ Home foreclosures jumped 13% in the first half of 2023 to the highest level since before the pandemic
  + stars: | 2023-07-14 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +3 min
Foreclosures jumped 13% year-over-year in the first half of 2023, real estate data firm ATTOM reported. However, foreclosure activity in the second quarter was still 65% below pre-recessionary averages. This is the highest January-to-June foreclosure activity since 2019, outpacing the 165,530 filings that occurred in the first half of 2020, when COVID-19 was declared a pandemic. "Although overall foreclosure activity remains below historical norms, the notable surge in foreclosure starts indicates that we may continue to see a rise in foreclosure activity in the coming years," ATTOM CEO Rob Barber said in the recent report. According to ATTOM, foreclosure activity in the second quarter was 65% below the 278,912 averages of the pre-recessionary years.
Persons: Rob Barber Organizations: Service Locations: Wall, Silicon, repossessions
☆ These indicators tell us the housing market is hitting the brakes
  + stars: | 2023-04-28 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +5 min
Before we rush into the weekend, let's check in with the slowing pace of the housing market, and what that means for the rest of the year's outlook. Another sign pointing to a softer housing market is lumber. But that's going to reverse in the decade ahead as Boomers age out of the housing market and post-Millennial generations shrink. What are you seeing in the housing market in your part of the country? In other news:A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 9, 2020.
☆ US foreclosure filings jump 22%, and repossessions hit highest level in 3 years
  + stars: | 2023-04-19 | by ( Filip De Mott | ) www.businessinsider.com   time to read: +2 min
Foreclosure filings climbed 22% in the first quarter compared to a year ago, analytics firm ATTOM said. Foreclosure activity has increased for 23 consecutive months after a federal moratorium was lifted. Foreclosure activity has increased for 23 consecutive months after a federal moratorium was lifted, reaching 95,712 filings last quarter. Now Illinois, Delaware and New Jersey are undergoing the highest foreclosure rates, ATTOM said. But while foreclosure rates are on a continued uptick, they are still significantly below historic levels.
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