Retail price increases didn’t harm fix-and-flip profits
Retail prices across the U.S. housing market rebounded in second-quarter 2023 — and so did the profits for home flippers. This bump in profit margins, however, occurred even as the fix-and-flip share of all home sales dipped near a two-year low point, according to the Q2 2023 U.S. Home Flipping Report from Attom. From April […]
Loan buybacks are harming the mortgage landscape
Buybacks have been a hot-button topic this year. These transactions, which can happen for up to three years after a loan has closed, involve the institution that bought the mortgage walking back their purchase due to discrepancies or fraud found in the loan. The originating lender must then place the loan back on their balance […]
The mystery of this year’s disappearing distress
A year ago, Auction.com’s 2023 outlook for the distressed housing market called for 112,000 to 175,000 completed foreclosure auctions for the year, with a possibility of up to 278,000 based on a potential recession, job losses and home price declines. Instead, the year is on track to finish with fewer than 100,000 completed foreclosures. The […]
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