What's Happening Today In Real Estate

Zombie Foreclosures Up +21% in Q2 2021

Key Highlights 1.4M or 1.4%, of properties in US vacant or zombie properties in Q2 2021, according to ATTOM Data Solutions 223,671 properties in US, according to ATTOM ,in process of foreclosure, an increase of +27.5% in Q2 2021 Increase

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Renters Keep Renting as Affordability Declines

Key Highlights Impact of home seller’s market on rentals good for landlords/owners Home affordability motivates renters to stay put The Higher Residential Prices Go, The Lower Vacancy Rates for Rentals Fall As low for-sale inventory and high demand continue to

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Mortgage Demand Lowest Since Pre-Pandemic

Key Highlights Requests for purchase loans dropped -3% from week prior and -2% from one year ago Requests for refinance loans dropped -5% from week prior but still +6% over one year ag Requests for Purchase Loans Down Below Pre-Pandemic

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Home Price Forecasting Through April 2022

Key Highlights CoreLogic Home Price Insights (HPI) report features with price forecasts through April 2022 CoreLogic HPI Forecasts project crystal gazing for both single-family attached and detached and single-family combines excluding distressed sales CoreLogic Home Price Index (HPI) Includes Price Projections

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Include “Climate Hazards” on Buyers’ Checklists

Key Highlights New data/maps now available to analyze natural disasters while house hunting Natural disasters correlate with home valuation over time Residential Buyers Now Getting Access to Climate Analytics Commercial real estate investors have long had access to climate analytics

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