Home Flipping Increases While Profit Margins Continue To Drop

ATTOM released its second-quarter 2021 U.S. Home Flipping Report showing that 79,733 single-family homes and condominiums in the United States were flipped in the second quarter. Those transactions represented 4.9 percent of all home sales in the second quarter of 2021, or one in 20 transactions – the first increase in more than a year.

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Foreclosure Starts Increase 27 Percent From Last Month

ATTOM released its August 2021 U.S. Foreclosure Market Report, which shows there were a total of 15,838 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 27 percent from a month ago and up 60 percent from a year ago. Numbers reflect the first month since the government moratorium has lifted.

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Condo Prices Rise At Least 20 Percent In Majority Of Oceanfront Counties

ATTOM released a special report looking at condominium sales and prices in oceanfront counties around the U.S. The report, following up on the June 2021 collapse of the beachfront Champlain Towers South condominiums in Florida, shows that median condo values and price increases in oceanfront counties in the second quarter of 2021 closely tracked national trends.

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Mortgage Lending Slows Amid Retreat In Refi Activity

ATTOM released its second-quarter 2021 U.S. Residential Property Mortgage Origination Report, which shows that 3.78 million mortgages secured by residential property (1 to 4 units) were originated in the second quarter of 2021 in the United States. That figure was up 29 percent from the second quarter of 2020, but down 3 percent from the first quarter of this year.

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Opportunity Zone Redevelopment Areas Still Reaping Benefits of National Home-Price Boom

ATTOM released its second-quarter 2021 Opportunity Zones report analyzing qualified low-income zones established by Congress in the Tax Cuts and Jobs Act of 2017. In this report, ATTOM looked at 5,236 zones across the United States with sufficient sales data to analyze, meaning they had at least five home sales in the second quarter of 2021.

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Which Housing Markets Are Getting Hit Worst By COVID?

ATTOM released its second-quarter 2021 Coronavirus Report spotlighting county-level housing markets around the United States that are more or less vulnerable to the impact of the ongoing Coronavirus pandemic, still endangering the U.S. economy. The report shows that states along the East Coast, as well as Illinois, were most at risk in the second quarter of 2021 – with clusters in New Jersey, Delaware, the Chicago area and central Florida – while the West remained far less exposed.

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