THE SIGNATORY GROUP: KEEPING YOU UP TO DATE WITH MARKET NEWS

The Florida metropolitan areas of Palm Bay and Deltona are considered at "very high" risk of housing price drops over the next 12 months, according to the latest CoreLogic Market Risk Indicator (MRI).

The financial analytics company's monthly update indicates that the metropolitan areas with what it describes as "very high" chances (above 70 percent probability) of seeing housing price cuts in the coming year are Palm Bay-Melbourne-Titusville, Florida; Atlanta-Sandy Springs-Roswell, Georgia; Spokane-Spokane Valley, Washington; Deltona-Daytona Beach-Ormond Beach, Florida; and Greenville-Anderson-Mauldin, South Carolina. 

Those who have lived in Florida their entire lives, or even just over the last few years, have never seen such rising insurance costs to the point where people are being forced out of their homes.

This used to happen once every so often. However, with insurance premiums going up at an alarming rate, this has led to tens of thousands of homes being seized by insurance companies and leaving its inhabitants with nowhere to go.  

Home prices are falling in parts of Florida and Texas as buyers tap out and supply catches up with demand.

The median sale price for existing single-family homes rose in 93% of 221 metro areas in the year through March, the National Association of Realtors reported this week.

 IRVINE, Calif. — May 9, 2024 — ATTOM, a leading curator of land, property, and real estate data,  today released its first-quarter 2024 U.S. Home Equity & Underwater Report, which shows that 45.8 percent of mortgaged residential properties in the United States were considered equity-rich in the first quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. 

The age of insane bidding wars and desperate dealmaking is coming to an end. 

Gone are the days of throwing up a for-sale sign and waiting for the feeding frenzy to begin. Home sellers are about to get a rude awakening. 

 IRVINE, CA – May 2, 2024 —  ATTOM, a leading curator of land, property, and real estate data, today released its annual analysis of the best days of the year to sell a home, which shows that based on home sales over the past 13 years, the months of May, February and April offer the highest seller premiums – making this month the time to sell your home. 

Most home buyers in the U.S. are dealing with a low number of property listings as homeowners with low mortgage rates hold off on selling.

Several cities in the Sun Belt are defying the trend.

In multiple metros in Florida, in particular, home listings surged in March, according to a new report by real-estate brokerage Redfin RDFN, -2.81%, driven by an uptick in home-building as well as shifts in homeownership costs.

 IRVINE, Calif. – Apr. 25, 2024 — ATTOM, a leading curator of land, property, and real estate data, today released its first-quarter 2024 U.S. Home Sales Report, which shows that profit margins on median-priced single-family home and condo sales in the United States decreased to 55.3 percent in the first quarter – the smallest level in more than two years. 

 Daily average mortgage rates jumped to their highest level since last November after last week’s disappointing inflation report. Persistently high home prices are exacerbating affordability challenges for buyers.  

  Home prices nationwide, including distressed sales, increased year over year by 5.5% in February 2024 compared with February 2023. On a month-over-month basis, home prices grew by 0.7% in February 2024 compared with January 2024 (revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results). 

Daily average mortgage rates reached their highest level in nearly five months following Wednesday’s hotter-than-expected inflation report,  which will likely keep mortgage rates elevated for the foreseeable future.  

 ATTOM, a leading curator of land, property, and real estate data, today released its Q1 2024 U.S. Foreclosure Market Report, which shows a total of 95,349 U.S. properties with a foreclosure filing during the first quarter of 2024, up 3 percent from the previous quarter but down less than 1 percent from a year ago. 

  IRVINE, Calif. — March 12, 2024 — ATTOM, a leading curator of land, property, and real estate data, today released its February 2024 U.S. Foreclosure Market Report, which shows there were a total of 32,938 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – down 1 percent from last month but up 8 percent from a year ago. 

 According to ATTOM’s newly released Q4 and March 2024 U.S. Foreclosure Market Report, there were a total of 95,349 U.S. properties with foreclosure filings in the first quarter. That figure was up 3 percent from the previous quarter but down less than 1 percent from a year ago.