Who Were REO Auction Buyers in 2021? According to Auction.com’s Daren Blomquist, most REO auction buyers in 2021 were owner-occupants or local community developers. Of those buyers, 99% purchased five or fewer properties with 74% of those properties being located within 100 miles of where they live. The U.S. states with the highest share of
U.S. Population Growth Lowest on Record in 2021 The NAHB’s Eye on Housing recently took a close look at recent Census data to reveal that, in 2021, the U.S. experienced the lowest level of growth on record. According to the data, U.S. population increased by 393,000 to an estimated 332 million from the previous year.
U.S. Homeownership & Rental Vacancy Rates for Q4 2021 The U.S. government is reporting that the national vacancy rates for Q4, 2021 were 5.6% for rental housing and 0.9% for homeowner housing. The national homeownership rate for Q4, 2021 was 65.5% (about the same as Q3). In addition, approximately 89.5% of the housing units in
NAHB Housing Trends Report for Q4 2021 According to the NAHB’s Q4 Housing Trends Report, the share of adults planning to buy a home within 12 months fell for two consecutive quarters, going from 17% in Q2, to 16% and 15% in Q3 and Q42021, respectively. The goal of the quarterly report is measure prospective
2021 Ends With Foreclosures at All-Time Low According to Black Knight’s “first look” report for December, 2021, the national delinquency rate ended the year at 3.38%, which report is just 0.1% above February 2020’s near record-low of 3.28% (right before the pandemic). However, they point out that over half a million excess serious delinquencies remain
Foreclosure Activity in 2021 Dropped To An All-Time Low According to ATTOM Data’s Year-End 2021 U.S. Foreclosure Market Report, there were 151,153 foreclosure filings on U.S. properties in 2021, down 29% from 2020 and down 95% from a peak of nearly 2.9 million in 2010, to the lowest level since tracking began in 2005. They