Property tax hikes slowed last year even as home sale prices soared

The average property tax bill rose by 1.8 percent in 2021. That’s the lowest increase in years, despite record home price growth, according to a new report from Attom Data Solutions. Continue reading

Affordability slips in Q1 as prices, mortgage rates continue to climb

The median price for a single-family home was more expensive than historical averages in 79 percent of counties nationwide — a jump from 1Q21 when only 38 percent of counties saw prices exceed historical averages, according to data released Thursday by… Continue reading

After reaching historic lows, the foreclosure pipeline is starting to fill

While the numbers remain below historical levels, “it’s not going to be a surprise when we see the foreclosure numbers starting to rise,” according to Daren Blomquist, vice president of market economics at Auction.com. Continue reading

House flipping is resurgent. But is it still profitable?

Investors flipped more homes in 2021, balancing a welcome fast-moving market with an unwanted decline in gross profits. Continue reading

Foreclosures remain low as banks start to churn out post-ban filings

The number of foreclosed properties rose 34 percent in the third quarter of the year, but remained below their typical historical levels. Continue reading

Low mortgage rates keep home costs in an acceptable range

Ownership costs for the median home remain within a normal range but are nearing the point where lenders might start to balk. Continue reading

Profit margins drop on fixer-uppers as flip sales ramp back up

Fix-and-flip investors have seen their lowest profit margins in a decade, with the typical return falling to 34 percent. Continue reading

Mortgage lenders deal more purchase loans amid fewer refis

The latest numbers from Attom Data Solutions show that mortgage lenders issued more purchase loans in the second quarter of the year, but lost ground on the refinancing side. Continue reading

Underwater homeowners gain breathing room as prices climb

Fewer properties are considered seriously underwater now that rising home prices have put homeowners with mortgages in a better position. Continue reading

The top 5 states where institutional investors are gobbling up homes

Corporate buyers were particularly active in Mississippi, where 1 in 9 homes that sold ended up in the hands of an institutional investor. Continue reading