MARKETWATCH
Zombie Foreclosures a Non-Issue...For Now
The portion of pre-foreclosure properties that have been abandoned into zombie status dropped slightly, from 3.6% in the second quarter of 2021 to 3.5% in the third quarter of 2021. The numbers reflect the current strength of the U.S. housing market, however, the situation may change as federal protections for homeowners expire. See the full story on page 64. Souce: ATTOM Data Solutions
A Return to Pre-COVID Seasonality?
For the week ending Sept. 4, median listing prices increased 8.3% YoY—the sixth consecutive week of single-digit price growth. New listings decreased 8.1%—the first dip in nine weeks. Source: realtor.com®’s Weekly Housing Trends Report
Fannie Mae’s Home Purchase Sentiment Index (HPSI) decreased in August by 0.1 points to 75.7. The HPSI is down 1.8 points compared to the same time last year.
Homeowner DIY Craze Continues
According to a survey of 1,000 U.S. adult homeowners, nearly two-thirds did projects they were not planning to do before the pandemic, with almost half taking on four DIY projects or more over the past 18 months. Even as pandemic lockdowns subside, 93% say they are considering another DIY project in the next year. Here’s why: • To save money: 62% • To occupy spare time: 56% • For fun: 52% • To learn a new skill: 47% Source: Angi
RISMedia’s REAL ESTATE October 2021 11
