Top 10 Metros with the Highest Zombie Foreclosure Rates in Q1 2025

Megan HuntReal Estate

 According to ATTOM’s newly released Q1 2025 Vacant Property and Zombie Foreclosure Report, approximately 1.4 million (1,372,396) residential properties in the United States are currently vacant. This accounts for 1.3% of all homes nationwide, or roughly one in every 76 properties. The vacancy rate remains unchanged from the fourth quarter of last year but has seen a slight increase compared to the previous year. WATCH: ATTOM #FiguresFriday – Top 10 U.S. Metros with the Highest Zombie Foreclosure Rates ATTOM’s latest vacant properties analysis also reveals that that 212,268 residential properties in the U.S. are currently in the foreclosure process in the first quarter of this year. This represents a 1.5% decrease from the fourth quarter of last year and a 12.6% decline compared to the first quarter of 2024. Foreclosure activity has now fallen for five consecutive quarters, following a surge that occurred after the nationwide moratorium on foreclosures—imposed during …

Nearly 90% of Metros Registered Home Price Gains in Q4 2024

Brad BeckettNotes

The National Association of Realtors says nearly 90% of metros experienced home price increases in Q4 2024, as the 30-year fixed mortgage rate ranged from 6.12% to 6.85%.  In addition 14% of the 226 tracked metro areas posted double-digit price gains over the same period, up from 7% in the third quarter.  Indeed….Stay safe and have a Happy Friday!!! “Record-high home prices and the accompanying housing wealth gains are definitely good news for property owners…However, renters who are looking to transition into homeownership face significant hurdles.”  Said NAR Chief Economist Lawrence Yun. Hat tip to the Realtors!   The post Nearly 90% of Metros Registered Home Price Gains in Q4 2024 appeared first on Real Estate Investing Today.

Is it Better to Buy or Rent in 2025?

Brad BeckettNotes

Is it better to buy or rent?  That’s an age-old question that really depends on a lot of variables – especially an individual’s station in life.  According to their 2025 Rental Affordability Report, ATTOM says both owning & renting remain difficult for average U.S. workers, commonly consuming 25-60% their wages. However, they point out that major ownership expenses on typical single-family homes require a smaller portion of average wages than renting three-bedroom residences in close to 60% of the 341 county-level markets with enough data to analyze.  Indeed… Buying or renting a home in the U.S. these days can be like searching for a diamond in a pile of marbles, and it’s only getting worse in most markets as the cost of both goes up…However, in most parts of the country, homeownership is somewhat more attainable for those who can gather the necessary resources to cover down payments that often surpass …

U.S. Housing Market Gained $2.5 Trillion in Value in 2024

Mark WorleyReal Estate

The combined value of U.S. homes climbed to $49.7 trillion in 2024. The total value of homes owned by millennials grew to nearly $10 trillion, representing more than 20% of the U.S. market. Two upstate New York metros—Albany and Rochester—had the fastest growth in aggregate home value, while Florida metros grew more slowly. San Diego and Seattle look set to join eight other metros with homes worth $1 trillion in 2025. The combined value of U.S. homes gained $2.5 trillion in 2024 to reach $49.7 trillion. This is according to an analysis of the Redfin Estimate for more than 98 million U.S. residential properties as of December 31, 2024. This data is subject to revision.  In percentage terms, the total value of the U.S. housing market grew 5.2% year over year. That was the slowest growth in a calendar year since 2019 and the second-slowest since 2011. “There are more …

Some Good News For Homebuyers: Slower Price Growth, More Supply and More Bargaining Power

Dana AndersonNotes

The median monthly housing payment remains near record highs, but slowing price growth, declining mortgage rates and a pileup of supply is giving homebuyers in certain parts of the country room to negotiate. The median U.S. home-sale price rose 3.7% year over year during the four weeks ending February 16, the smallest increase since September. Additionally, the weekly average mortgage rate dipped to 6.87%, its lowest level of the year.  While typical monthly housing costs remain near record highs, decelerating price growth and gradually declining rates are among several small pieces of good news for house hunters this week. Here are the others: Homebuyers have more total inventory to choose from. There are five months of supply on the market, up from 4.1 months a year earlier and the most since early 2019 (except the 4 weeks ending January 26, when there were 5.1 months). Supply is piling up because …

US Single-Family Rent Index – February 2025

Economy TeamNotes

Annual U.S. rent growth increased at the lowest rate in about four years in December 2024, climbing just 1.8% year over year. Rent growth slowed throughout 2024 after being frontloaded at the beginning of the year. Washington, DC, saw the highest increase year-over-year in December, while Detroit fell into the number two slot. Click here to read CoreLogic’s full SFRI report with December 2024 data, featuring commentary from Principal Economist Molly Boesel. All archived SFRI reports are available at this home page, while regular housing market reports and blog posts from  CoreLogic’s Office of the Chief Economist can be found here.

Local Market Monitor’s National Economic Outlook for February ’25

Brad BeckettNotes

Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. Click here for more information about Local Market Monitor.   The post Local Market Monitor’s National Economic Outlook for February ’25 appeared first on Real Estate Investing Today.

Zombie Foreclosures Remain a Small Fraction of U.S. Housing Inventory in First Quarter of 2025

ATTOM TeamReal Estate

Only One in 14,700 U.S. Homes Sit Vacant During Foreclosure, Near Five-Year Low; Zombie Foreclosures Virtually Unchanged Quarterly, Down 3 Percent Annually; Trends Hold as Overall Foreclosure Activity Remains Down IRVINE, CA – Feb. 20, 2025 — ATTOM, a leading curator of land, property data, and real estate analytics, today released its first-quarter 2025 Vacant Property and Zombie Foreclosure Report showing that 1.4 million (1,372,396) residential properties in the United States are vacant. That figure represents 1.3 percent, or one in 76 homes, across the nation – the same as in the fourth quarter of last year and up slightly from a year ago. The report analyzes publicly recorded real estate data collected by ATTOM — including foreclosure status, equity and owner-occupancy status — matched against monthly updated vacancy data. (See full methodology below). The report also reveals that 212,268 residential properties in the U.S. are in the process of foreclosure in the …

Smarter Strategies for Short-Term Rental Success

Brad BeckettNotes

Brian Hamrick On a recent episode of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick talks with Avery Carl, CEO of The Short Term Shop and one of the nation’s leading experts on short-term rental investing.  Avery provides a deep dive into the operations of short-term rentals, how to strategically analyze and choose markets, and offers actionable advice on managing properties, no matter the size of the portfolio. “Short-term rentals can be a great path to financial freedom, but they also come with challenges that can derail even experienced investors. Knowing how to approach this asset class strategically is critical to success.” Click here to listen.   The post Smarter Strategies for Short-Term Rental Success appeared first on Real Estate Investing Today.

New Tariffs, Higher Costs — Who Really Pays the Price?

Maiclaire Bolton SmithNotes

A Conversation With Jay Thies and Pete Carroll As the U.S. waits for the final decision on the fresh tariffs imposed on Canadian, Mexican, and Chinese imports, the housing industry is bracing for the impact of this policy decision. With material costs already a growing concern, these new trade policies could send ripples through supply chains, development timelines, and affordability. Tariffs on steel, lumber, concrete and other key building materials have the potential to drive up construction costs, exacerbating an already tight housing market. Builders and developers may need to rethink sourcing strategies, while policymakers weigh the broader economic consequences of trade restrictions on inflation and consumer spending. From rising home prices to shifting supply chains, host Maiclaire Bolton Smith sits down with industry experts Pete Carroll CoreLogic’s, EVP of Public Policy and Industry Relations, and Jay Thies CoreLogic’s Vice President of Pricing Analysis and Delivery to explore the immediate …