According to the U.S. Department of Labor’s Bureau of Labor Statistics, total nonfarm payroll employment increased by 256k in January, 2025 with the unemployment rate coming in at 4%.  As always, the BLS says employment in government continued its upward growth trend in January (up 32K) with an average monthly gain of 38k in 2024.  However, with the new administration’s policy changes this trend will surely change. Click here to read the full report at the Bureau of Labor Statistics.   The post Unemployment Rate was 4% in January appeared first on Real Estate Investing Today.

Completed Foreclosures (REOs) Increase Monthly in 30 States; Foreclosure Starts Up Monthly and Down Annually Nationwide IRVINE, Calif. — February 11, 2025 — ATTOM, a leading curator of land, property data, and real estate analytics, today released its January 2025 U.S. Foreclosure Market Report, which shows there were a total of 30,816 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – up 8 percent from the prior month but down 7 percent from a year ago. “January showed a monthly increase in foreclosure filings that may in some part be the result of a normal post-holiday catch up of filings,” said Rob Barber, CEO at ATTOM. “It’s too early to know if 2025 will shift from the general 2024 trends of a continued decline in foreclosure activity.  We will keep a close eye on the market to see how interest rates, inflation, employment shifts, and other market …

The U.S. government is reporting that the national vacancy rates for Q4 2024 were 6.9% for rental housing and 1.1% for homeowner housing.  The national homeownership rate for Q4 2024 was 65.7%.  In addition, approximately 89.8% of the housing units in the United States in Q4 were occupied and 10.2% were vacant. Owner-occupied housing units made up 59% of total housing units, while renter-occupied units made up 30.8% of the inventory.  Vacant year-round units comprised 8% of total housing units, while 2.2% were vacant for seasonal use.  Interestingly, all of these number are nearly the same as the previous quarter. a Click here to read the full release at the U.S. Census Bureau.   The post U.S. Homeownership & Rental Vacancy Rates for Q4 2024 appeared first on Real Estate Investing Today.

Harnessing location intelligence: How data scientists can drive customer growth in retail Unlock New Customers with Location Intelligence – Learn how data scientists use geospatial data, foot-traffic analysis and demographic insights to identify high-potential customer segments in retail. Optimize Store Locations and Marketing Strategies – Discover how predictive analytics and mobility data help retailers choose ideal store locations and create targeted marketing campaigns. Leverage Cutting-Edge Tools and Techniques – Explore GIS software, geospatial APIs and machine-learning models that empower data scientists to make data-driven decisions for retail growth. In today’s highly competitive retail landscape, understanding where your customers are located and how they behave in physical spaces is more important than ever. Retailers are increasingly turning to location intelligence (LI) to gain insights into customer behavior, optimize store placements, and target new customer segments. For data scientists, leveraging location intelligence to uncover new customers can be a game-changer, but it requires a combination …

Most homeowners still have a mortgage rate far below today’s levels, which is prompting many to stay put.  But this lock-in effect is starting to ease because Americans are growing accustomed to elevated rates, and for many, it’s not realistic to stay put forever. That’s boosting listings and easing the housing shortage. Nationwide, 17.2% of U.S. homeowners with mortgages have an interest rate greater than or equal to 6%, the highest share since 2016. That’s up nearly five percentage points from 12.3% in the third quarter of 2023. If this growth rate were to continue, which is feasible, the share of homeowners with a rate of at least 6% would nearly double in the next three years.  This is according to a Redfin analysis of data from the Federal Housing Finance Agency’s National Mortgage Database through the third quarter of 2024, the most recent period for which data is available.  …

Home-Ownership Expenses Consume Smaller Portion of Wages Than Three-Bedroom Rents in Majority of Local Markets; Owning Still More Favorable Despite Home Prices Rising Faster Than Rents; Both Options Remain a Financial Stretch for Average Workers Around Nation  IRVINE, Calif. – Feb. 6, 2025 — ATTOM, a leading curator of land, property data, and real estate analytics, today released its 2025 Rental Affordability Report, which shows that owning a home in the United States is more affordable than renting a three-bedroom property in more than half of county-level markets around the nation. The report shows that both owning and renting remain difficult for average U.S. workers, commonly consuming 25 to 60 percent their wages. But major ownership expenses on typical single-family homes nevertheless require a smaller portion of average wages than renting three-bedroom residences in close to 60 percent of the 341 county-level markets with enough data to analyze. Owning is the more …

Commercial Foreclosures Increased 11 Percent from Last Month and 27 Percent from Last Year; States with the Most Commercial Foreclosures in December 2024 Included California, New York, and Florida IRVINE, Calif. — February 4, 2025 — ATTOM, a leading curator of land, property data, and real estate analytics, today released an updated monthly report on U.S. Commercial Foreclosures.  The report indicates that commercial foreclosures have continued their upward trajectory. Since June 2023, foreclosure numbers have risen sharply, with activity fluctuating throughout 2024. The latest data shows a peak of 725 foreclosures in December 2024, marking one of the highest levels in recent years. This sustained increase points to growing financial strain in the commercial sector, influenced by interest rates, shifting property demand, and broader economic pressures. Historical Commercial Foreclosure Overview The historical data on commercial foreclosure activity from January 2014 through December 2024 reveals distinct cycles of financial distress and recovery, shaped …

Equity-Rich Portion of Home Mortgages Dips Slightly, but Nearly 95 Percent of Homeowners Continue to Have Property Wealth Built Up; Portion of Owners Seriously Underwater Stays Near Six-Year Low; Equity Measures Largely Unchanged as Home Prices Inch Upward IRVINE, Calif. — Jan. 30, 2025—  ATTOM, a leading curator of land, property data, and real estate analytics, today released its fourth quarter 2024 U.S. Home Equity & Underwater Report, which shows that 47.7 percent of mortgaged residential properties in the United States were considered equity-rich in the fourth quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. That level was down slightly from 48.3 percent in the third quarter of 2024 and from a recent peak of 49.2 in the prior three-month period. However, it was still up from 46.1 percent in the fourth quarter of 2023 and remained at …

According to ATTOM’s newly released 2024 Year-End U.S. Home Sales Report, home sellers nationwide realized a profit of $122,500 on the typical sale in 2024, representing a 53.8% return on investment. WATCH: ATTOM #FiguresFriday – Top 10 Metros with Highest Annual Increase in Gross Profits in 2024 ATTOM’s latest home sales analysis reported that although both metrics stayed near record highs and home prices continued to climb nationwide, the profit margin on median-priced sales across the country fell from 56.9% in 2023. This decline marked the second consecutive annual drop—a trend not seen since the aftermath of the Great Recession in the late 2000s. Also, according to the report, although the gross profit on median-priced single-family home and condo sales increased by about $2,000 compared to 2023, the typical profit margin remained eight percentage points below its peak in 2022. The 2024 analysis also found that the downward trend in …

Parcel boundary data show the legal boundaries of a property or piece of land.  A parcel is an area of owned land that is defined by clear perimeters or property lines. Property lines can become blurred over time as development occurs and natural landmarks that may have indicated boundaries disappear. Accurate boundary and property measurements are critical for legal and planning purposes. There are many resources for boundary and property data, such as local assessor offices and county recorders. However, property data providers like ATTOM offer convenient online access to the most recent parcel boundary data for the United States. Here’s an in-depth look at US parcel boundary data, who uses it and why, and where to find the most accurate information. What Are Parcel Boundaries? Parcel boundary data show the legal boundaries of a property or piece of land that have been determined by the city, county, or state …