While home flipping has long been considered an activity conducted by high-powered institutional investors who are looking to score big in real estate, the data show a different story. More than two-thirds—69 percent—of the 44,000 single-family homes and condos flipped in the first quarter of this year were by investors of the mom-and-pop variety who completed just one flip during the quarter, according to an analysis from ATTOM Data Solution
Home shoppers may need to plan for more time than they realize when they're starting the process of obtaining a mortgage.“Today’s mortgage process is very involved, particularly with regard to the documentation required, third-party verifications, and the independent appraisal process,” says Whitney Fite, president of Angel Oak Home Loans in Atlanta. “All of these moving parts can cause a delay in processing if an issue arises.”The enti
While the internet has undeniably become a vital resource for real estate buyers, consumers have still increasingly relied on real estate professionals over the last 20 years.Fears of technology one day phasing out the real estate professional appear to have been overexaggerated. Instead, the consumers are turning to real estate professionals for help more now than ever before.Statistics show that buyers do tend to find homes on their own with th
Investors are retreating from flipping houses, showing skepticism that the practice will continue to pay off. About 43,615 single-family homes and condos were flipped in the first quarter of 2017, down 8 percent from the previous quarter and 6 percent from a year ago, according to ATTOM Data Solutions’ Q1 2017 U.S. Home Flipping Report. It represents the lowest number of flips in two years. ATTOM Data Solutions defines a flip as a home that has
Forbes columnist Jayson DeMers offers the following tips to get more visibility from your social media posts, maximize your outreach, and increase your followers.Leverage influencers: Get people who already have high visibility on social media to share your posts. Target influencers within the industry and offer to collaborate with them on content, or find a way to get them to mention you to their network. Avoid asking for handouts or favors. You
Since the Supreme Court ruled to make same-sex marriage legal in 2015, homeownership in the LGBT community has been on the rise, according to the National Association of Gay and Lesbian Real Estate Professionals’ 2017 Homeownership Survey.Of the more than 300 NAGLREP members surveyed, 47 percent say they believe more married same-sex couples are purchasing homes now than prior to the Court’s two-year-old ruling. Forty-six percent say they bel
Though young professionals and older empty nesters have fueled a recent housing boom in urban centers, some economists have cautioned that overdevelopment and flattening rental prices are signaling a shift away from city life. But developers aren’t leaving downtown.The number of new building permits jumped 5.7 percent in April compared to a year earlier, the Census Bureau reports, with a sizable portion centered in urban areas. The urban reside
"Awesome God" is a contemporary worship song written by Rich Mullins and first recorded on his 1988 album, Winds of Heaven, Stuff of Earth. It was the first single from the album and rose to the number one spot on Christian radio and subsequently became a popular congregational song. Its title is inspired by a biblical expression (Nehemiah 1:5, Nehemiah 9:32, Psalm 47, Daniel 9:4, etc.), variously translated as "Awesome God", (JPS, in the old-fa
Where do buyers have the longest wait times before feeling the financial benefits of homeownership?In March, the California Association of Realtors hosted a panel — “The California Series: State of the State” — revealing that overly strict building codes, an aversion to affordable housing in affluent neighborhoods, and, most of all, exorbitant cost of living is pushing California toward becoming a majority renter state.Zillow’s latest
A new study reveals the causes of this market lullKey Takeaways Post-foreclosure stress disorder, mortgage availability, the growing burden of student loan debt, single-family housing affordability and single-family housing supply shortages are the five key barriers to homeownership.Despite robust job growth and low interest rates, U.S. homeownership rates remain at a 50-year low due to issues with affordability, crushing student loan debt, harsh
This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.
