Posts about:
Are you looking to invest in real estate but unsure how to evaluate the potential return on investment? Look no further. In this comprehensive guide, we will break down the concept of cap rate and show you how it can help you make informed decisions about real estate investments.
While office buildings lie empty and multifamily apartment rentals fall, housing in some college markets may be the commercial real estate industry's shining star.
CBRE data released by the Wall Street Journal shows that sales of student housing units hit a record $22.9 billion in 2022, driven by limited availability and high demand at popular U.S. colleges and institutions.
The number of foreclosure files in the United States increased by 7% from April 2023 and by 14% from May 2022, according to ATTOM's newly issued May 2023 U.S. Foreclosure Market Report.
One in every 3,967 homes nationwide had a foreclosure filing in May 2023, per ATTOM's newest survey of the foreclosure market. The report found that states like Illinois, with a rate of one foreclosure filing for every 2,144 homes, had the highest foreclosure rates, followed by Maryland, with a rate of one filing for every 2,203 homes, New Jersey, with a rate of one filing for every 2,257 homes, Florida, with a rate of one filing for every 2,470 homes, and Ohio, with a rate of one filing for every 2,478 homes.
Foreclosure filings increased 4% from April 2023 and 5% from May 2022, according to the study. The states with the highest number of foreclosure starts in May 2023 were Florida (2,901), California (2,451), Texas (2,286), Illinois (1,358), and New York (1,287). This information comes from the most recent ATTOM foreclosure report.
According to ATTOM's survey of the foreclosure market in May 2023, lenders seized 4,020 houses in the United States through REOs (real estate owned). This number represents a growth of 38% from April 2023 and 41% from May 2023. There were 352 REOs in Illinois, 279 in Ohio, 271 in Michigan, 240 in Texas, and 229 in Pennsylvania in May 2023, according to the report.
New York City (244 REOs), Chicago (230 REOs), Detroit (136 REOs), St. Louis (111 REOs), and Washington, DC (91 REOs) topped the list of major metros with populations over 1 million with the most REOs in May 2023, according to the latest ATTOM foreclosure report.
In this article, we analyze the numbers from ATTOM's May 2023 U.S. Foreclosure Market Report to find the top 10 U.S. zip codes that had the highest number of REOs that month. Those ZIPS included: 78254 in San Antonio, TX (27 REOs); 30901 in Augusta, GA (24 REOs); 21502 in Cumberland, MD (10 REOs); 19121 in Philadelphia, PA (9 REOs); 20878 in Gaithersburg, MD (9 REOs); 21043 in Ellicott City, MD (8 REOs); 48089 in Warren, MI (8 REOs); 30127 in Powder Springs, GA (7 REOs); 60409 in Calumet City, IL (7 REOs); and 29501 in Florence, SC (7 REOs).
Nine percent of all U.S. house sales in the first quarter of 2023 were flips, with 72,960 single-family homes and condominiums changing hands. This is the second-highest level this century, down from the all-time high of 9.4 percent in Q1 2022 but up from 8 percent in Q4 2022.
While property flipping activity increased, ATTOM's most recent analysis found mixed patterns for raw profits and profit margins. The analysis found that earnings and returns on investments both rose little between Q4 2022 and Q1 2023, but were still near decade lows.
According to ATTOM's newly issued Q2 2023 unoccupied Property and Zombie Foreclosure Report, 1.3 million residential properties in the United States are unoccupied, accounting for 1.3 percent, or one in every 79 residences.
Are you interested in learning more about the real estate market in the United States or anywhere in the world through reliable data? Professionals in the United States have found real estate data to be indispensable, from property investors seeking to make more informed investment decisions to brokerages seeking new clients through online property data and listings.
There are a number of reputable real estate data businesses available for review. Keep reading to learn about some of the most reliable sources of property information.
Every real estate investor should know the basics of a property lien before engaging in any contract. Otherwise, you can end up saddled with debt that you had no intention of taking on. As IRS tax liens are not discharged upon sale, this is especially important to remember when bidding on homes at auction. So, understanding what a property lien is and how to search for liens is essential.
Purchase lending is being challenged on all fronts by rising interest rates and rising home prices, forcing consumers to seek out non-traditional financing options.
Black Knight's originations market analysis shows that the number of rate locks decreased in February compared to January, but dollar volume increased because of a rate environment that benefited non-conforming loans such as jumbo loans and adjustable-rate mortgages (ARMs).
According to the pipeline data, the dollar volume of rate locks increased by 2% in February compared to January, with the acquisition of locks increasing by 4%. While this was happening, Black Knight reported that cash-out refinances dropped by 11%, and rate/term refinances stayed at record lows.
Recently ATTOM data conducted a report on foreclosure and vacant homes across the U.S. In this article, we will discuss their findings. The report examines publicly recorded real estate data collected by ATTOM, such as foreclosure status, equity, and owner-occupancy status, in conjunction with monthly updated vacancy data.
ATTOM, the nation's leading real estate data aggregator, has released its Rental Affordability Report for 2023, which reveals that in 210 of the 222 counties in the United States analyzed, renting a three-bedroom home is more cost-effective than buying a similarly-sized home at the median price.
