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.…
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…
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,…
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…
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…
It’s nothing but good news for house flippers this fall. All of the real estate Fall 2017 trends follow what we’ve seen over the last few years – low inventories, rising home prices, increased buyer confidence, and rising rents. Whether you’re looking for your next…
The fact that the Bay Area is one of the hottest housing markets in the country isn’t exactly ground-breaking house flipping news. But you may be surprised to learn just how much home prices have increased here over the last five years. According to The…
House flipping and foreclosures: they generally go hand-in-hand. People who are new to the business often think that house flippers depend entirely upon new foreclosures. But foreclosures are way down in California, and house flipping is up. How can that be? The Numbers: Foreclosures &…
Summer is upon us, and the house flipping market is as hot as ever. Despite foreclosures being at their lowest rate since before the Great Recession, flippers across the country are making excellent returns on their investments. Homes purchased in the last few months and…
After the presidential election, federal mortgage rates went above 4% for the first time in two years. Given all of the upheaval that has occurred during the first weeks of Mr. Trump’s presidency, experts really aren’t sure what will happen to interest rates as the…
