Tag Archives: Rick Sharga

Attorneys Stephen M. Hladik and Kent McPhail share their insights on the state of the housing market, and the topics covered on their new podcast, What the M.

“It seems pretty likely that home seller profits peaked for this cycle in 2022,” said Rick Sharga, EVP of Market Intelligence at ATTOM.

This news comes even as rents have risen faster than home prices over the last year in about half of the country.

Per an ATTOM report, foreclosure filings hit 324,237 in December 2022, up from 151,153 in December 2021. This pushed the foreclosure rate from 0.11% in December 2021 to 0.23% in December 2022.

Despite declining home prices, affordability worsened in the fourth quarter of 2022. Click through to find out what this means for the market’s future.

Flipping rates are on the decline as profit margins hit a recent low. Click through to find out more about this trend.

A new study examines the nation’s regions that were most vulnerable to market declines in the third quarter of 2022, based on home affordability and foreclosures.

Those looking to flip homes for the best return should look near certain grocery stores which have been proven to raise nearby home values.

However, Rick Sharga, EVP of Market Intelligence at ATTOM, notes that October foreclosure activity was still only “about 59% of pre-pandemic numbers." Click through to learn when he anticipates volumes to reach historically normal levels.

The number of zombie properties inched upward in Q4, and though they remain a small portion of the market at just one in every 13,000 residential properties nationwide, those numbers are projected to grow in the aftermath of foreclosure moratoria lapsing.