According to the latest ICE Mortgage Monitor, delinquencies trended higher in February, breaking from typical seasonal patterns. The number of delinquent mortgages has risen by 131K year over year, with FHA mortgages accounting for 90% of that increase.  In addition, their data show Home prices are softening across the country: Annual home price growth slowed to +2.7% in February, with early data for March showing further cooling to +2.2%. “Analysis of ICE HPI data shows a broad-based cooling of home prices, with 90% percent of U.S. markets experiencing slower home price growth compared to three months ago…This trend is being driven by improved inventory levels, which are up 27% over last year, and stabilized mortgage rates, which dipped below 6.6% in early March and have been holding in the 6.6%-6.7% range.”  Said Andy Walden, Head of Mortgage and Housing Market Research for ICE. ICE Mortgage Monitor ICE Mortgage Monitor Click …

According to a new report from Harvard’s Joint Center for Housing Studies,  America’s remodeling market soared above $600 billion in the wake of the pandemic and remains 50% above pre-pandemic levels.  However, they say industry fragmentation, inflation, and a shortage of skilled trade labor jeopardize the ability of the industry to meet demand and overcoming these obstacles will be critical. “The home remodeling market is now on the other side of a phenomenal boom in activity and spending driven by the COVID-19 pandemic and its immense impacts on the economy, housing markets, and the ways owners use their homes. Despite small declines in 2023 and 2024, market spending for improvements and repairs is seemingly entering a new normal of elevated levels supported by the continued aging of homes and households, as well as high levels of housing wealth.” Some key takeaways from their report: Pandemic Fuels Unprecedented Spending on Remodeling;  …

According to ATTOM’s newly released Q1 and March 2025 U.S. Foreclosure Market Report, there were a total of 35,890 U.S. properties with foreclosure filings in March 2025. That figure was up 11 percent from February 2025 and up 9 percent from March 2024. WATCH: ATTOM #figuresfriday Top 10 U.S. Housing Markets with the Most Foreclosure Starts in March 2025 The foreclosure market report also shows that 93,953 U.S. properties had a foreclosure filing during the first quarter of 2025 — an 11 percent increase from the previous quarter but a 2 percent decrease compared to a year ago. The analysis stated that nationwide, one in every 1,515 housing units had a foreclosure filing in Q1 2025. The states with the highest foreclosure rates were Delaware (one in every 761 housing units), Illinois (one in 857), Nevada (one in 874), Indiana (one in 976), and South Carolina (one in 1,021). The …

Foreclosure Starts See Quarterly Increase of 14 Percent; Bank Repossessions Up 8 Percent from Previous Quarter IRVINE, Calif. — April 10, 2025 — ATTOM, a leading curator of land, property, and real estate data, today released its Q1 2025 U.S. Foreclosure Market Report, which shows a total of 93,953 U.S. properties with a foreclosure filings during the first quarter of 2025, up 11 percent from the previous quarter but down 2 percent from a year ago. The report also shows a total of 35,890 U.S. properties with foreclosure filings in March 2025, up 11 percent from the previous month and up 9 percent from a year ago. “Following three consecutive quarters of decline, foreclosure activity ticked up in the first quarter of 2025, with notable growth in both starts and completions,” said Rob Barber, CEO at ATTOM. “While levels remain below historical averages, the quarterly growth suggests that some homeowners may …

The total value of homes in majority-white neighborhoods grew 5.4% year over year in 2024 to $40.4 trillion. It grew nearly as fast in majority-Black neighborhoods, rising 5.3%.  Home values also grew in majority-Asian neighborhoods, but at a slightly slower pace; the total value of homes in majority-Hispanic neighborhoods grew the slowest, rising 4.2% to $2 trillion. When it comes to individual homes, majority-Hispanic neighborhoods also saw the smallest gain: the average home value increased 3.4%. For comparison, majority-Asian neighborhoods saw the biggest gain, at 4.8%.  The total value of homes in majority-Hispanic neighborhoods rose 4.2% year over year to $2 trillion in 2024. Neighborhoods in which a majority of homeowners are Black, Asian or white—or where there is no racial majority—all saw total home values grow faster. That’s according to an analysis of Redfin home-value data (from December 31, 2024) in census tracts where more than 50% of owner-occupied …

Otto recognized among the next generation of leaders making a significant impact on the housing industry IRVINE, Calif. – April 7, 2025 – ATTOM, a leading curator of land, property data, and real estate analytics, is pleased to announce that Lindsay Otto, Data Scientist for ATTOM, has been named a recipient of the 2025 HousingWire Rising Star award, recognizing the standout professionals — all 40 years old or younger — that are driving innovation, transforming their organizations, and shaping the future of real estate, mortgage, and fintech. Otto is featured on this year’s list honoring 100 standout leaders ages 40 and under who are shaping the future of the mortgage, real estate, and fintech industries through innovation, expertise, and leadership.  She is selected for demonstrating a passion for leadership, innovation, and making a lasting impact — not only within ATTOM but across the broader housing landscape. This year’s Rising Stars were selected …

Mortgage rates have dropped to their lowest level in six months in the aftermath of President Trump’s newly announced tariffs. For weary homebuyers who have been waiting for a break in housing costs, the decline ups their purchasing power.  A homebuyer on a $3,000 monthly budget can afford a $458,750 home with a 6.55% mortgage rate, the daily average on April 4. That’s the lowest daily average mortgage rate in six months.  The decline in rates is giving homebuyers more purchasing power. In the last eight days alone, a buyer on a $3,000 budget has gained roughly $9,000 in purchasing power, as rates fell from 6.82% on March 27 to 6.55% on April 4.  A buyer on a $3,000 budget has gained $25,000 in purchasing power since mid-January, when mortgage rates hit 7.26% and that buyer could have purchased a $433,750 home.  To look at affordability another way, the monthly …

The U.S. added more jobs than expected in March. But markets are focused on tariffs, which will have a much bigger impact on mortgage rates: Rates are falling today, but the future is uncertain.  Today’s jobs report was stronger than expected: 228,000 U.S. jobs were added in March, and the unemployment rate stayed essentially flat. But this data  is lagged; it reflects labor-market activity from early March. Markets will discard this report as old news because the fallout from President Trump’s April 2 tariff announcement is much more significant. Rates will fall further today not because of this data, but because China’s retaliatory tariffs are causing the stock market to fall even more. The numbers: There were 228,000 jobs created in March (vs. 135,000 expected), and the unemployment rate edged up only marginally, to 4.15% from 4.14%. That shows that the labor market was strong heading into this week’s tariff …

Demographic data is almost as valuable as currency for governments, policymakers, and businesses. It reveals trends and patterns among various population segments that inform public policy and business decisions. This guide explains what demographic data is, what insights it provides, and how it can be leveraged across public and private sectors. Overview of Demographic Data According to ScienceDirect, a database and source of scientific research, demographic data is “general statistics about a defined population and characterizes different groups and subgroups.” The scope of this data can vary. It may cover a geographic region like a city, state, or country, or target specific consumer groups, such as users of a particular product. Examples of basic demographic data include age, gender, ethnicity, employment type, education level, and marital status. A user of demographic data may want to know the education level of individuals aged 30 to 40 in a city, or the …

According to ATTOM’s Q1 2025 U.S. Home Affordability Report, in the first quarter of 2025, median-priced single-family homes and condos remain less affordable than historical averages in 97 percent of U.S. counties with sufficient data. This continues a three-year trend in which homeownership demands an unusually high share of wages, as home prices nationwide stay at or near record highs. WATCH: ATTOM #figuresfriday – Top 10 Counties with the Largest Annual Increase in Affordability Indexes in Q1 2025 The report also indicates that major expenses on median-priced homes now account for 32 percent of the average national wage. This figure is nearly unchanged from the fourth quarter of last year but represents a one-point increase from a year ago, keeping it above the commonly recommended 28 percent lending benchmark favored by most lenders. ATTOM’s latest home affordability analysis revealed that the current and historical affordability figures highlight how homeownership continues …