Equity-Rich Portion of Mortgaged Homes Hits Two-Year Low While Seriously Underwater Level Climbs; Total Owner Equity Also Ticks Downward Again as Home Prices Dip IRVINE, Calif. — May 9, 2024 — ATTOM, a leading curator of land, property, and real estate data,  today released its first-quarter 2024 U.S. Home Equity & Underwater Report, which shows that 45.8 percent of mortgaged residential properties in the United States were considered equity-rich in the first quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. The portion of mortgaged homes that were equity-rich in the first quarter of 2024 is down from 46.1 percent in the fourth quarter of 2023, marking the third straight quarterly decline. The latest figure also was down from 47.2 percent in the first quarter of 2023, hitting the lowest point in two years. At the …

Sandrib recognized among the emerging leaders who are making their mark with leadership qualities and innovative ideas in real estate. IRVINE, Calif. – April 29, 2024 – ATTOM, a leading curator of land, property, and real estate data, is pleased to announce that Brian Sandrib, VP, Account Manager for ATTOM, has been named a recipient of the HousingWire Rising Star Award, recognizing the top 80 leaders ages 40 years and younger who are driving the mortgage, real estate and fintech industries forward. Sandrib is featured on this year’s list located on the HousingWire website and is selected for being an emerging leader who has come to the surface to help guide his company, teams and clients to a more successful and promising future. This year’s Rising Stars were selected by HousingWire’s selection committee based on their professional achievements within their organizations, contributions to the overall housing economy, community outreach, client impact and …

According to ATTOM’s recently released Q1 2024 U.S. Home Sales Report, profit margins on median-priced single-family home and condo sales in the U.S. decreased to 55.3 percent in the first quarter – the lowest level observed in over 2 years. ATTOM’s latest home sales analysis reported that the decrease in average profit margins, declining from 57.1 percent in the fourth quarter of 2023 and from 56.5 percent a year ago, coincided with a quarterly 4.3 percent drop in the median nationwide home price, down to $330,000. The report noted that although prices typically retreat during the slower Winter home-selling season, the recent decline represents one of the most significant quarterly drops in the past decade. Concurrently, investment returns for sellers have decreased for the second consecutive quarter following several rises last year, reaching their lowest point since mid-2021. Also according to the report, despite the decline in seller returns, they …

According to ATTOM’s newly released U.S. Commercial Foreclosure Report, there is a persistent uptrend in commercial foreclosures over the years, starting from a minimum of 141 in May 2020 and reaching 625 in March 2024. This signifies a consistent rise over the entire period. ATTOM’s latest commercial foreclosure activity analysis also noted that since January 2014, ATTOM has analyzed data spanning a period of economic recovery, noting 740 commercial foreclosures nationwide. Fluctuations were observed, with a peak of 889 in October 2014, indicating ongoing market adjustments. Despite challenges such as the COVID-19 pandemic, the market displayed adaptability, stabilizing after initial disruptions. In May 2020, commercial foreclosures hit a low of 141, reflecting immediate pandemic impacts and swift response measures. By March 2024, they had risen to 625, marking a 117% year-over-year increase, compared to the 2020 low. The report found that in March 2024, California recorded the highest monthly count …

Commercial Foreclosures Increased 6 Percent from Last Month and 117 Percent from Last Year;  States with the Most Commercial Foreclosures in March 2024 Included California, New York and Florida IRVINE, Calif. — April 17, 2024 — ATTOM, a leading curator of land, property, and real estate data, today released an updated monthly report on U.S. Commercial Foreclosures. The report reveals a continued increase in commercial foreclosures over the years, from a low of 141 in May 2020 to the current figure of 625 in March 2024. This represents a steady increase throughout the period. Historical Commercial Foreclosure OverviewSince January 2014, ATTOM has been analyzing data, a period marked by the nation’s emergence from economic uncertainty, with commercial foreclosures numbering 740 nationwide. Over the following years, ATTOM monitored fluctuations, observing a peak in October 2014 with 889 commercial foreclosures, indicating ongoing market corrections. Yet, the path wasn’t always upward. Despite challenges like …

According to ATTOM’s newly released Q4 and March 2024 U.S. Foreclosure Market Report, there were a total of 95,349 U.S. properties with foreclosure filings in the first quarter. That figure was up 3 percent from the previous quarter but down less than 1 percent from a year ago. ATTOM’s latest foreclosure activity analysis reported that nationwide one in every 1,478 properties had a foreclosure filing in Q1 2024. The report noted that states with the highest foreclosure rates in Q1 2024 were Delaware (one in every 894 housing units with a foreclosure filing); New Jersey (one in every 919 housing units); South Carolina (one in every 929 housing units); Nevada (one in every 961 housing units); and Florida (one in every 973 housing units). The report also noted that among those 224 metro areas with a population greater than 200,000, those with the highest foreclosure rates in Q1 2024 were …