How Will Rent Control Impact Home Buyer Behavior in California
In the lead up to the midterm elections, there has been a lot of heated debate about California rent control. Since 1995, a state law called the Costa-Hawkins Rental Housing Act has restricted the ability of cities to set their own rent control policies. This is part of why rent and home prices are extremely […]
Why Are Sellers Reducing Home Prices in California?
A few different shifts are afoot in the national housing market, and those shifts are leading some forecasters to say that the housing market is “softening,” which isn’t necessarily a bad thing. Let’s take a close look at the numbers and some of the biggest trends affecting the housing market right now to get a […]
Are Flippers Behind San Diego Housing Price Spikes?
With home prices reaching record levels in many markets around the country, some potential buyers have started pointing fingers at house flippers, claiming that flippers drive prices up at an unsustainable rate. While it’s true that house flippers do improve the value of homes, the level of house flipping around the country is still within […]
Rehab Homes Purchased with Financing Rises to 9-Year High
ATTOM Data Solutions has released a new housing report with data from the first quarter of 2018, and the news is mostly great for house flippers around the country. He’s a breakdown of the report: Houses are getting flipped at a higher rate than they have for the last six years. In the first quarter, […]
Are “Overpriced” Markets Still Sustainable?
Extreme housing markets at both ends of the spectrum have a tendency to draw in house flippers. After the Great Recession, flippers were pulled to cities like Las Vegas where house prices had plummeted, leaving nowhere for the numbers to go but up. At the other end of the spectrum, markets that seem extremely overpriced […]
Hot and Not So Hot States to Flip Homes
GOBankingRates recently ran the house flipping data and put together a list of the ten best and worst states to flip in. They took a look at the median home list price, the average number of days it takes to flip a house, the average gross profit per flip, and the average gross ROI in […]
House Flipping is at an 11 Year High
House flipping has been on a slow and steady rise since 2014, and now NPR reports that house flipping is at an eleven-year high. Now, this news could be taken as either a great sign for house flippers or a warning sign for the economy at large. Let’s take a closer look at the numbers […]
Is Investing in Trust Deeds a Better Alternative to Traditional Investments?
Investing can feel like a mine field if you’re not familiar with all of the terms and options. You know you should be investing your money smartly, but what options are out there other than 401ks and mutual funds? The general rule of thumb with investing is that, no matter what you choose to invest […]
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 […]
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, […]