RealtyTrac | Jotup

A license that is more than a license

Retrieved on:

Tuesday, November 29, 2022

Risk, Internet, Commission, RealtyTrac, CoreLogic, Comment

To establish RealtyTrac as a viable entrant, CoreLogic is required to supply the company with nationwide real property bulk data through a multi-year license.

Key Points:

To establish RealtyTrac as a viable entrant, CoreLogic is required to supply the company with nationwide real property bulk data through a multi-year license.
Using a license to facilitate entry replicates the current market structure and, although not typical, is appropriate here given the existing competitive dynamics.
According to the FTCs complaint, CoreLogic and DataQuick compete to provide national assessor and recorder bulk data.
Remedying the anticompetitive effects of the transaction through a license is appropriate given that DataQuicks participation in this market is through a license from CoreLogic.

ATTOM ACQUIRES ESTATED, FURTHER STRENGTHENING ITS IMPACT IN THE ENTERPRISE DATA LICENSING MARKETPLACE

Retrieved on:

Tuesday, August 16, 2022

Cloud, CEO, Growth, Government, Founder, Marketing, EVP, Acquisition, Corporate development, RealtyTrac, Goal, Insurance, Solution, API, ID, Efficiency, TB, Property management, Singapore Real Estate Exchange

IRVINE, Calif., Aug. 16, 2022 /PRNewswire/ -- ATTOM, a leading curator of real estate data nationwide for land and property data, today announced it has acquired Estated, a property data licensing company.

Key Points:

IRVINE, Calif., Aug. 16, 2022 /PRNewswire/ -- ATTOM , a leading curator of real estate data nationwide for land and property data, today announced it has acquired Estated, a property data licensing company.
"ATTOM remains focused on providing the most comprehensive property data available, while delivering data-driven critical insights and analytics-ready property data solutions addressing a wide range of business needs," said Rob Barber, CEO at ATTOM.
"ATTOM has completed several strategic initiatives to bring more comprehensive real estate data and solutions to the marketplace," said Stuart Bern, EVP of Corporate Development.
"Despite current economic uncertainty, ATTOM continues to thrive and evolve to drive ATTOM even further in serving as the most trusted comprehensive property data provider."

ATTOM SELLS REALTYTRAC TO NATIONS INFO

Retrieved on:

Thursday, July 28, 2022

Cloud, Efficiency, Government, RealtyTrac, TB, Growth, Insurance, ID, Marketing, API

IRVINE, Calif., July 28, 2022 /PRNewswire/ -- ATTOM, a leading curator of real estate data nationwide for land and property data, today announced that it has sold its RealtyTrac (www.realtytrac.com) and Homefacts (www.homefacts.com) websites to Nations Info. As part of this transaction, effective July 15, 2022, Nations Info has also signed a multi-year agreement to become an ATTOM data licensing customer.

Key Points:

IRVINE, Calif., July 28, 2022 /PRNewswire/ -- ATTOM , a leading curator of real estate data nationwide for land and property data, today announced that it has sold its RealtyTrac ( www.realtytrac.com ) and Homefacts ( www.homefacts.com ) websites to Nations Info.As part of this transaction, effective July 15, 2022, Nations Info has also signed a multi-year agreement to become an ATTOM data licensing customer.
"RealtyTrac will always have an important place in ATTOM's history - our company actually started out as RealtyTrac back in the mid-1990's - and was integral to fueling our company's growth over the years," said Rob Barber, ATTOM CEO.
ATTOM provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy.
Also, introducing our newest innovative solution, that offers immediate access and streamlines data management ATTOM Cloud.

U.S. FORECLOSURE ACTIVITY SETS POST PANDEMIC HIGHS IN FIRST QUARTER OF 2022

Retrieved on:

Thursday, April 21, 2022

REO, Government, Population, RealtyTrac, CFPB, No, Housing, Online gambling, Real estate, Commercial property

IRVINE, Calif., April 21, 2022 /PRNewswire/ -- ATTOM, licensor of the nation's most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), the largest online marketplace for foreclosure and distressed properties, today released its Q1 2022 U.S. Foreclosure Market Report, which shows a total of 78,271 U.S. properties with a foreclosure filing during the first quarter of 2022, up 39 percent from the previous quarter and up 132 percent from a year ago.

Key Points:

A total of 50,759 U.S. properties started the foreclosure process in Q1 2022, up 67 percent from the previous quarter and up 188 percent from a year ago.
States that had the greatest number of foreclosures starts in Q1 2022 included, California (5,378 foreclosure starts), Florida (4.707 foreclosure starts), Texas (4,649 foreclosure starts), Illinois (3,534 foreclosure starts), and Ohio (3,136 foreclosure starts).
Those major metros that had the greatest number of foreclosures starts in Q1 2022 included, Chicago, Illinois (3,101 foreclosure starts), New York, New York (2,580 foreclosure starts), Los Angeles, California (1,554 foreclosure starts), Houston, Texas (1,431 foreclosure starts), and Philadelphia, Pennsylvania (1,375 foreclosure starts).
Highest foreclosure rates in Illinois, New Jersey and Ohio
Nationwide one in every 1,795 housing units had a foreclosure filing in Q1 2022.

U.S. FORECLOSURE ACTIVITY IN FEBRUARY 2022 CONTINUES TO INCREASE STEADILY

Retrieved on:

Thursday, March 10, 2022

Lenders started the foreclosure process on 16,545 U.S. properties in February 2022, up 40 percent from last month and 176 percent from a year ago.

Key Points:

Lenders started the foreclosure process on 16,545 U.S. properties in February 2022, up 40 percent from last month and 176 percent from a year ago.
Those states that saw the greatest numbers of foreclosures starts in February 2022 included: California (1,868 foreclosure starts); Florida (1,527 foreclosure starts); Texas (1,488 foreclosure starts); Illinois (1,168 foreclosure starts); and Ohio (1,144 foreclosure starts).
Among the 220 metropolitan statistical areas with a population of at least 200,000, those that had the greatest numbers of foreclosure starts in February 2022, included: Chicago, IL (1,075 foreclosure starts); New York, NY (793 foreclosure starts); Los Angeles, CA (530 foreclosure starts); Houston, TX (471 foreclosure starts); and Atlanta, GA (415 foreclosure starts).
Highest foreclosure rates in New Jersey, Illinois, and Ohio
Nationwide one in every 5,320 housing units had a foreclosure filing in February 2022.

VACANT ZOMBIE PROPERTIES INCH DOWN AGAIN IN FIRST QUARTER OF 2022 EVEN AS FORECLOSURE ACTIVITY RISES

Retrieved on:

Thursday, February 24, 2022

Among those pre-foreclosure properties, 7,363 sit vacant in the first quarter of 2022, down quarterly by 0.9 percent but up annually by 10.3 percent.

Key Points:

Among those pre-foreclosure properties, 7,363 sit vacant in the first quarter of 2022, down quarterly by 0.9 percent but up annually by 10.3 percent.
Despite the year-over-year increase, zombie foreclosures continue to represent only a miniscule portion of the nation's total stock of 98.8 million residential properties.
Just one of every 13,424 homes in the first quarter of 2022 are vacant and in foreclosure.
Overall vacancy rates have decreased in 38 states from the first quarter of 2021 to the first quarter of 2022.

U.S. FORECLOSURE ACTIVITY IN JANUARY 2022 HIGHEST SINCE BEGINNING OF COVID-19 PANDEMIC

Retrieved on:

Thursday, February 10, 2022

"The increased level of foreclosure activity in January wasn't a surprise," said Rick Sharga, executive vice president of RealtyTrac, an ATTOM company.

Key Points:

"The increased level of foreclosure activity in January wasn't a surprise," said Rick Sharga, executive vice president of RealtyTrac, an ATTOM company.
Highest foreclosure rates in New Jersey, Illinois, and Nevada
Nationwide one in every 5,922 housing units had a foreclosure filing in January 2022.
Lenders started the foreclosure process on 11,854 U.S. properties in January 2022, up 29 percent from last month and 126 percent from a year ago.
Those states that saw the greatest number of foreclosures starts in January 2022 included: Florida (1,238 foreclosure starts); California (1,226 foreclosure starts); Texas (1,003 foreclosure starts); Illinois (757 foreclosure starts); and Ohio (665 foreclosure starts).

RealtyTrac® Data Shows Increase in Share of Real Estate Investor Purchases

Retrieved on:

Tuesday, February 8, 2022

Other Construction & Property, Residential Building & Real Estate, Construction & Property, REIT, Database, ROI, RealtyTrac, District, Commercial property

In Q3 2021, 79.0% of all investor purchases were cash sales compared with 69.5% in Q3 2020, a year-over-year increase of 9.5 percentage points.

Key Points:

In Q3 2021, 79.0% of all investor purchases were cash sales compared with 69.5% in Q3 2020, a year-over-year increase of 9.5 percentage points.
Cash purchases accounted for more than 50% of all investor purchases in every state, other than Alaska, Wyoming and the District of Columbia.
So even though investor profit margins may be declining, its possible that well continue to see the investor share of purchases increase over the next few quarters.
Founded in 1996, RealtyTrac publishes the largest database of foreclosure property information in the U.S. along with other real estate and mortgage data used by real estate investors and professionals to find, analyze and purchase residential and commercial distressed properties.

Real Estate Investors Pessimistic on Current and Near-Term Market, According to Winter 2021 RealtyTrac® Investor Sentiment Survey™

Retrieved on:

Thursday, January 20, 2022

Other Construction & Property, Residential Building & Real Estate, Construction & Property, REIT, Database, Time, Gingival recession, Great Recession, Federal Reserve, RealtyTrac, Real estate, Renewable energy, Commercial property

Real estate investors believe that the market is worse or much worse than it was a year ago, according to the Winter 2021 RealtyTrac Investor Sentiment Survey.

Key Points:

Real estate investors believe that the market is worse or much worse than it was a year ago, according to the Winter 2021 RealtyTrac Investor Sentiment Survey.
The RealtyTrac survey attempts to find out individual investors perspectives on real estate investing, the opportunities and challenges that exist in today's market and what the trends are in home prices and foreclosure activity.
Roughly 49% of investors believed that the investment market is worse or much worse than it was a year ago.
In what could reflect current market conditions, respondents to both the Winter and Fall 2021 investor sentiment surveys included more investors who bought properties to rent than to resell.

U.S. FORECLOSURE ACTIVITY DROPS TO AN ALL-TIME LOW IN 2021

Retrieved on:

Thursday, January 13, 2022

"Homeowners have a record amount of equity over $23 trillion and over 87 percent of homeowners in foreclosure have positive equity.

Key Points:

"Homeowners have a record amount of equity over $23 trillion and over 87 percent of homeowners in foreclosure have positive equity.
"The government's foreclosure moratorium, the mortgage forbearance program, and the mortgage servicing guidelines enacted by the CFPB in August have kept foreclosure starts artificially low over the past year," Sharga added.
9,165 U.S. properties started the foreclosure process in December 2021, down 12 percent from the previous month but up 55 percent from a year ago.
ATTOM provides foreclosure data licenses that can power various enterprise industries including real estate, insurance, marketing, government, mortgage and more.