13 of the Nation’s Most Profitable Housing Markets Located in California
It is a great time to be selling a house. According to new statistics out of ATTOM Data Solutions, the average seller in the fourth quarter of 2017 enjoyed a home price gain of $54,000, which marks more than a ten-year high. (In the fourth quarter of 2016, the average realized home price gain was […]
ZINC Recognized by TINYpulse for Positive Workplace Culture
If you’ve worked with ZINC Financial before, you probably know all about our commitment to our clients. We strive to make every interaction a positive and helpful one, and we try to make every partnership as mutually beneficial possible. We’re as invested in your success as you are. What you may not know is that, […]
Our Expectations Regarding Real Estate Inventory in 2018
Reduced inventory has been a blessing and a curse for house flippers over the last few years. According to Forbes, 967,604 homes were for sale in November 2010. In November of last year, that figure was down to 653,347. On the positive side, low inventories have helped drive home prices up. But on the negative side, […]
Who’s Buying Homes in 2018?
Every year around this time, the house flipping industry makes its predictions about what will happen in the year to come. Last year, everyone thought that mortgage rates would go up, new construction would ease the lack of inventory, and prices would tick up slightly. We now know that mortgage rates stayed just about where […]
How Did the House Flipping Industry Perform in 2017?
Last month, ATTOM Data released its report on the house flipping industry for the third quarter of 2017. The numbers show an overall downturn for rehab investors across the country, but there are numerous pockets where the trends are actually on an upward swing. Let’s take a closer look at the numbers: $66,448 – the average gross […]
ZINC is Primed for Success in 2018
2017 was quite the year for house flipping news. At the start of the year, there was a great deal of uncertainty about what the economy would do, whether a housing bubble was set to burst, and whether rehab investors would be able to find viable house flipping opportunities. But now that the year is […]
Housing Affordability Continues to Decline
The National Association of Home Builders has reported that home affordability declined in the third quarter of 2017. However, more than half of families that earn the US median household income of $68,000 can afford to buy a home in the current marketplace. Of course, the families that aren’t able to afford homes at that […]
2017 Year-End Recap
Surprisingly enough, the house flipping industry more or less met expectations in 2017. There was no bubble burst as some experts feared, foreclosure rates remained low, and so did housing inventory levels. Here are some other key highlights from the past year in house flipping news: Mortgage rates remained low. The current low 30-year mortgage […]
What Successful House Flippers Know
HGTV has given many would-be house flippers the impression that flipping homes is easy. Nothing could be farther from the truth. House flipping is in fact a job, and it’s a job that requires a great deal of skill, planning, dedication, and personal investment. Reading a few house flipping tips articles isn’t enough to get […]
More Investors Seeking House Flipping Loans
The number of rehab investors who utilize house flipping loans has been on the rise over the last decade. In fact, a recent report out of ATTOM Data Solutions found that a full third of house flippers used financing to flip properties in the first quarter of 2017. That was a significant increase from the […]