Over half of home listings last month sat on the market for 60 days or longer—the highest November share since 2019. That’s a major reason housing supply jumped 12%. Active listings—the total number of homes for sale—climbed to the highest level since 2020 in November on a seasonally adjusted basis, rising 0.5% month over month and 12.1% year over year. For all the talk of America’s housing shortage, one would think that’s great news. But the story is nuanced; a major reason for the jump in supply is a pileup of unsold homes, many of which buyers have deemed undesirable because they seem overpriced.  Over half (54.5%) of home listings in November sat on the market for at least 60 days without going under contract. That’s the highest share for any November since 2019 and is up from 49.9% a year earlier. The typical home that did go under contract …

This ATTOM webinar features industry experts Todd Teta, ATTOM Chief Product & Technology Officer, and Mike Simonsen, Altos Research Founder and President, as they discuss what’s to come for the housing market in 2025. During this webinar, Todd and Michael examine essential market indicators, along with the present housing market situation, while assessing the current economic climate and delving into recent data on loan data, sale prices, foreclosure data, housing inventory, and related factors. Todd begins by reviewing historical mortgage rates, residential loan volume over time, median prices and home appreciation trends, as well as average homeownership tenure, foreclosure filings, foreclosure starts and foreclosure completions. Also, during this webinar, Michael explores signs of improving inventory by looking at historical trends, active inventory, and projected 2025 inventory, as well as median price of new contracts trends, price appreciation, change in pending sales price from prior year, and changes in pending contracts. …

At the core of every home sale, mortgage, refinancing or property assessment are boundary lines. Most obviously, parcel boundaries are needed to create maps and see the location and shape of a property. But boundary data is crucial for compiling key data on individual properties and putting that data into context. Boundaries are all important for property data aggregation. To yield precise and accurate intelligence, a property’s key features, like the square footage and lot size, need to be put into a hyperlocal context. Comparing properties to citywide averages is often misleading. It is best to compare one home to similar homes near it; homes served by the same schools, located near the same shops and affected by the same crime rates, flood risks and other external factors. But to produce hyperlocal data for a property, you first need to draw accurate boundaries from the building footprint and parcel boundary …

How homebuyers adapted to the 2024 market gives insights into upcoming trends  As we close the chapter on 2024, it’s clear this year was anything but predictable for the property market. From unexpected mortgage rate spikes to creative homeownership solutions emerging out of necessity, the housing landscape evolved in ways that even seasoned experts didn’t anticipate.  What’s striking about 2024 is not just the record-breaking highs in home values, but the stark contrast between optimistic housing market predictions and harsh economic realities. Interest rates that were expected to decline instead hit new peaks, pushing affordability to the lowest level in decades. Meanwhile, a new wave of innovation saw buyers banding together to purchase homes.  This wrap-up captures the defining moments of 2024’s property market and sets the stage for what’s next, offering a glimpse into the future of real estate as we head into 2025.  What Can You Expect From …

According to ATTOM’s Q4 2024 U.S. Home Affordability Report median-priced single-family homes and condos are still less affordable compared to historical norms in 99 percent of counties with sufficient data. This trend, observed since 2022, reflects a persistent challenge in homeownership, with housing costs consuming historically significant portions of incomes nationwide. WATCH: ATTOM #FiguresFriday – Top Ten U.S. Counties with the Largest Quarterly Increase in Affordability Indexes in Q4 2024 The report indicates that major expenses for median-priced homes now consume 34% of the average national wage, up over one percentage point both quarterly and annually. This figure exceeds the 28% lending guideline commonly preferred by lenders. ATTOM’s latest home affordability analysis revealed that current and historic affordability downturns highlight how home ownership remains a financial challenge for average workers. With the national median home price reaching $364,750 and mortgage rates still above 6%, ownership expenses continue to outpace wages, …