ATTOM Insight - October 2024
Welcome to ATTOM Insights for October 2024
Below you will get a quick recap on the latest housing market press releases, from the release of our foreclosure market report, quarterly home sales report, commercial foreclosure report, quarterly home equity and underwater report, quarterly vacant property and zombie foreclosure report and other noteworthy insight that occurred in October 2024.
U.S. Foreclosure Activity Decreases in Q3 2024
The Q3 2024 U.S. Foreclosure Market Report shows a total of 87,108 U.S. properties with foreclosure filings during the third quarter of 2024, down 2 percent from the previous quarter and down 13 percent from a year ago.
Read the full press release here .
Home Seller Profit Margins Drop Slightly Across U.S. as Housing Market Slows During Third Quarter
The third-quarter 2024 U.S. Home Sales Report shows that homeowners earned a 55.6 percent profit margin on typical single-family home and condo sales in the United States during the third quarter. That figure was down by small amounts both quarterly and annually, dipping by one percentage point from the second quarter of 2024 and two points from the third quarter of last year.
Read the full press release here .
U.S. Commercial Foreclosures Spike in September 2024 with Significant Year-Over-Year Increase
The monthly report on U.S. Commercial Foreclosures reveals that commercial foreclosures remain elevated and are still considerably higher than pre-pandemic figures. Starting in June 2023, foreclosure numbers saw a sharp increase, peaking at 752 in May 2024, before settling at 695 in ATTOM’s most recent data for September 2024. This recent surge suggests renewed financial stress or changes in commercial real estate dynamics.
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Read the full press release here .
Home Equity Gains Level Off as U.S. Housing Market Cools Down During Third Quarter of 2024
The third quarter 2024 U.S. Home Equity & Underwater Report shows that 48.3 percent of mortgaged residential properties in the United States were considered equity-rich in the third quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values.
Read the full press release here .
Zombie Foreclosures Remain Sparce Around U.S. in Fourth Quarter Amid Ongoing Strong Housing Market
The fourth-quarter 2024 Vacant Property and Zombie Foreclosure Report shows that 1.4 million (1,355,909) residential properties in the United States are vacant. That figure represents 1.3 percent, or one in 77 homes, across the nation – virtually the same as in third quarter and up just slightly from a year ago.
Read the full press release here .
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