Market Studies

Property flippers in the second quarter reported an average gross profit of $66,500 according to ATTOM, with the average time it took to flip a home in the quarter rising to 178 days.

The annual gathering of the Federation of REO Certified Agents took place at the 20th Five Star Conference and Expo, exploring everything REO, including data-backed insights from Fannie Mae and a series of informative panels. As Rick Sharga, President & CEO of CJ Patrick Company put it, "If you want to stay ahead in the distressed/default industry, you need to keep moving upstream."

The MBA reports the share of mortgage loans in forbearance has fallen to 0.33% nationwide in August, just eight basis points shy of where the rate was in March 2020 at the outset of the pandemic.

“No one who has bravely served our country should struggle to secure and maintain housing," said Secretary Marcia L. Fudge. "HUD is taking an important step toward helping improve the quality of life for Native American Veterans."

According to ATTOM Data’s newest Special Housing Impact Report, it found that New Jersey and Ilinois had the highest concentrations of the most-at-risk markets in the country.

Purchase demand remained strong in August for newly constructed homes, increasing 20.6% compared to a year ago, according to the MBA Builder Application Survey, while the average loan size for new homes increased to $398,092.

The Federal Housing Finance Agency has announced the acceptance of membership applications for its Advisory Committee on Affordable, Equitable, and Sustainable Housing to discuss a wide range of housing topics, including fair lending, fair housing, civil rights, single- and multifamily lending, and community advocacy.

Nearly one in six prospective homebuyers across different races and ethnicities reported facing some form of discrimination during the homebuying process, according to the National Association of Realtors. Others cited their primary reasons for stalling their home purchase as waiting for mortgage rates and home prices to decline, alongside a lack of available homes within their budget.

The Five Star Institute will recognize the achievements of remarkable businesswomen working to expand homeownership, especially for first-time homeowners, with its Keys in Hand Award, part of the upcoming 12th Annual Women in Housing Leadership Awards event.

Professors at Princeton University have found that a modest adjustment to eviction filing costs had a “clear and powerful effect” in the study, especially in majority-Black neighborhoods.