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Opportunities

Flips Flopped in 2014

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Don’t tell the HGTV producers who find audiences for their endless stream of shows devoted to house flipping, but it’s looking like flipping is losing popularity. RealtyTrac® reports that last year flips fell to their lowest market share since 2011.  Some 136,269 U.S. single family homes were flipped in 2014, 5.4 percent of all single family home sales during the ... Read More »

Look for Rental Profits Where Foreclosures Were

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A number of familiar former foreclosure hotbeds top RealtyTrac’s list of best markets to buy a rental property in the first quarter of 2015.  They’ve got the right mix of employment, growth, prices and potential return. The report also looks at which markets are seeing the biggest increases in rental rates in 2015 compared to 2014, and provides rankings of ... Read More »

Flippers Flop Back Five Years

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Flipping has flopped to its lowest level since the second quarter of 2009, accounting for only 4 percent of all sales in the third quarter. Only 26,947 single family homes were flipped nationwide in the third quarter of 2014 representing 4 percent of all U.S. single family home sales, down from 4.6 percent in the second quarter of 2014 and ... Read More »

Sneak Attack! Closing Costs Soar 20.8 Percent

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While most homebuyers are focused on rising home prices, closing costs are rising nearly as quickly over the past three years, increasing by more than 20 percent since 2010, according to Bankrate.com Mortgage closing costs rose 6 percent over 2013 after rising 6 percent in 2012 and 8.8 percent in 2011 The now average $2,539 on a $200,000 loan. Each ... Read More »

Consolidation Creates Megalandlords Dominating Single Family Rentals

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“Now we’ll sweep up everybody over the next two years who got stuck, who says I have home price appreciation, which they do. They bought right, but now they are stuck.” The chief executive officer of the second largest hedge fund landlord articulated in an interview with Bloomberg why a handful of megalords are the process of dominating the single ... Read More »

Apartment Rents Reach New Heights

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  National apartment occupancy reached 95% for the first time in at least six years in May 2014, helping to drive effective rent growth for the year to date ending in May by 3.7%, the highest growth since the trough of the recession. “Axiometrics began tracking apartment data on a monthly basis in April 2008, and this is the first ... Read More »

REOs: They’re B-a-a-a-a-ck

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  REOs (bank-owned foreclosures) have returned in force just in time for the spring season and to benefit from prices that have been rising for a year or more.  Banks are listing foreclosures, some of which have been in the works since the end of the robo-signing scandal. As delinquency rates remain low, the new REOs are likely to be ... Read More »

Shadow Inventory Down 23 Percent, Foreclosure Inventory Shrinks 35 Percent

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The numbers of foreclosures and potential foreclosures have fallen dramatically over the past 12 months as the foreclosure picture rapidly returns to pre-2006 levels.  The decline in foreclosures in the pipeline has important ramifications for real estate investors and local markets that are returning to health as they recover from the foreclosure flood that produced 4.9 million foreclosures since 2008. ... Read More »

Texas Tops LMM List of Investment Targets

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Three Texas markets lead the list of markets facing  a housing shortage that will boost home prices even higher than expected in the spring buying season, according to Local Market Monitor’s quarterly top investment targets. “The economy has been growing quickly in these markets, there are lots of renters, and there aren’t many foreclosed properties to provide competition,” noted Ingo ... Read More »

Big Boys Have Moved into Smaller Markets in the South and Midwest

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Big institutional investors — companies that have purchased at least 10 properties in a calendar year — accounted for 5.9 percent of all U.S. residential property sales in February, up from a revised 5.0 percent of sales in January but down from 7.2 percent of sales in February 2013. February was the third consecutive month where the institutional investor share ... Read More »

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