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“The latest price and profit numbers show notably downward trends, which raises new questions about whether the housing market boom is indeed ebbing, or even ending, after so many years of improvement,” said Rob Barber, ATTOM CEO.
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“You’re seeing year over year seller gains drop in Lansing(-7.8%), in Kalamazoo (-7.2%)and in Ann Arbor (-6.1%) at rates that are similar to what we’re seeing nationally,” said Rick Sharga, executive vice president of market intelligence at ATTOM.
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According to the ATTOM report, in the first three months of 2022, profit margins on median-priced single-family home sales across the United States recorded the first quarterly decline since late 2019, and the largest decline in a decade.
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The report finds mortgage, refinancing and home equity loans in the final three months of last year were down 13% from the fourth quarter of 2020.
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There’s been an increase in so-called "zombie foreclosures" in Michigan and around the country.Zombie-foreclosures are vacant and abandoned homes that…
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The pace of home flipping in Michigan’s largest markets is quickening.Home flipping is where someone buys a home, quickly renovates it and tries to sell…
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Analysts expect the nation’s housing industry will slow down in 2019. But Michigan might be spared, at least for a while.Daren Blomquist is with Attom…
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One analyst says Michigan and other parts of the county are turning from seller's to buyer's markets.Daren Blomquist with Attom Data Solutions says…
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So-called “Zombie” homes continue to be a problem in Michigan cities.Attom Data Solutions is out with its annual report on vacant or abandoned residential…
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Homes sales in Michigan is becoming a seller’s market.After languishing for years, Michigan’s real estate market is apparently turning in favor of home…