ATTOM Insight - December 2024
Welcome to ATTOM Insights for December 2024
Below you will get a quick recap on the latest housing market press releases, from the release of our quarterly housing market risk report, foreclosure market report, quarterly home flipping report, quarterly affordability report and other noteworthy insight that occurred in December 2024.
Housing Markets Facing Greater Risk of Decline Concentrated in California, New Jersey, Illinois, and Florida
The latest Special Housing Market Impact Risk Report spotlights county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, equity and other measures in the third quarter of 2024. The report shows that California, New Jersey and Illinois once again had high concentrations of the most-at-risk markets in the country, with parts of Florida also joining that mix. Less-vulnerable markets continued to be clustered in the South region of the nation.
Read the full press release here.
Foreclosure Filings Ease Nationwide in November 2024 Amid Seasonal Influences
The November 2024 U.S. Foreclosure Market Report shows there were a total of 29,390 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – down 9 percent from a year ago, and down 5 percent from the prior month.
Read the full press release here.
Home Flipping Declines and Investor Profits Stumble Across U.S. During Third Quarter of 2024
The third-quarter 2024 U.S. Home Flipping Report shows that 74,618 single-family homes and condominiums in the United States were flipped in the third quarter. Those transactions represented 7.2 percent, or one of every 14 home sales, nationwide during the months running from July through September of 2024.
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Read the full press release here.
Home Affordability Worsens Again Across U.S. in Fourth Quarter as Home Prices Keep Climbing
The fourth-quarter 2024 U.S. Home Affordability Report shows that median-priced single-family homes and condos remain less affordable in the fourth quarter of 2024 compared to historical averages in 98 percent of counties around the nation with enough data to analyze. The latest trend continues a three-year pattern of home ownership requiring historically large portions of wages as U.S. home prices keep reaching new heights.
Read the full press release here.
WEBINAR: 2025 Housing Market Forecast
Todd Teta, Chief Product & Technology Officer, for ATTOM and Mike Simonsen, Founder and President of Altos Research, explore what lies ahead for the housing market in 2025 by examining key market indicators and analyzing the current housing landscape. This outlook assesses the economic climate and recent data on home sales prices, inventory levels, affordability, distressed properties, and other critical factors shaping the market’s trajectory.
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