Tag Archives: Roy Barber

The portion of equity-rich mortgaged homes has decreased, but the overwhelming majority still have massive amounts of equity built up.

The typical seller is still making a strong profit when selling their home, but that number has dropped for the first time since 2011.

Home-ownership expenses now require one-third of average wages nationwide, a 16-year high; historical affordability also stands at worst point since the subprime mortgage crisis in 2007.

Rob Barber, CEO at ATTOM Data, said, “It’s evident that challenges in the housing market persist. While we anticipate a likely decline in the coming months due to the holiday season and other seasonal patterns, we do foresee a continued uptick in 2024 as foreclosure filings make their way through the pipeline.”

The number of vacant properties sits at well over 1.2 million dwellings amid a serious inventory crunch. Click through to find out what percentage of vacant homes are considered “zombie properties.”

ATTOM Data has released its new Q3 market trends report, highlighting which regions had the most zombie home activity, and which areas remain most at risk “if the overall housing market turns back downward.”

Oregon, Washington State, and higher-priced areas of the country are absorbing a larger share of recent market declines based on data from Q1 2023, while other lower-priced areas show less impact from the recent downturn.

Foreclosure starts increased 4 % over April 2023, while completed foreclosures increased 38%.

"Homeowners across the U.S. continue to sit in a far better position than they were just a few years ago, with historically elevated levels of wealth built up in their properties,” said Rob Barber, CEO for ATTOM Data.

According to ATTOM data, foreclosure filings continued to trend down slightly month-over-month but remained significantly elevated year-over-year. Click through to learn what the latest data forecasts for the months ahead.