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Tag Archives: House Flipping

Investor Activity Falls Sharply in May

As prices rise, investors are having a harder time justifying housing market purchases, according to a recent Campbell/Inside Mortgage Finance HousingPulse Tracking survey. In May, the share of home purchases from investors fell to the lowest level in more than three years, dropping to 20.2 percent from 22 percent in April, according to the survey.

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California Flipping Activity at Highest Level Since 2005

Real estate sales have been weakening in California, but ForeclosureRadar found flipping activity in the state reached its highest level since September 2005. In March 2013, sales for distressed and non-distressed transactions decreased 12.9 percent from a year ago, according to a property report from the analytics firm. On the other hand, flipping activity, which ForeclosureRadar defined as reselling a property within six months, nearly tripled over a one year period ending in March after accounting for 5.2 percent of total sales.

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NAR: Investment-Home Sales Decline in 2012; Median Price Rises 15%

Investment-home sales in 2012 were down slightly from the year before but remain elevated, while the median price increased, according to a survey from National Association of Realtors (NAR). Sales for investment homes fell 2.1 percent to 1.21 million, down from 1.23 million in 2011. Overall, investment sales accounted for 24 percent of sales in 2012, the second highest share since 2005, NAR data revealed. The median price paid for investment homes increased 15 percent to $115,000 in 2012 compared to $100,000 in 2011, NAR reported.

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Report: Why Investors Should Consider Properties in Small Towns

Major metro areas such as Phoenix and Atlanta aren't the only places where investment opportunities abound. Small towns with populations between 200,000 and 500,000 have plenty to offer investors despite their smaller size, according to a quarterly report from Local Market Monitor (LMM) and HomeVestors of America, Inc.

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Researchers Suggest ‘Kelley Blue Book’ of Real Estate to Limit Bubbles

A study completed by the University of Miami School of Business Administration suggests that fragile market bubbles could be prevented if the public were aware of how assets are valued. The research, set to be published in the Journal of Financial and Qualitative Analysis, analyzed China's 2007 stock market. The study found that stocks with a bigger amount of analyst coverage experienced significantly smaller bubbles than those that weren't covered as well.

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Report: Rising Prices Driving Down Investor Activity

Investor participation dropped drastically in July, reversing a trend of long-term growth in investor purchases of residential properties. According to the report, investor activity in the housing market fell to 21.9 percent of all transactions in July, down from 23.5 percent in June. July's decrease also established a two-month trend of declines from May's two-year peak of 25.3 percent.

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Investor Demand Aiding Home Improvement Sector: Report

The home improvement sector is seeing a lot more activity thanks to investors who are demanding homes in need of repair and homeowners who are tackling renovations they once avoided. According to a Bank of America Merrill Lynch Global Research report, renovation spending now accounts for about half of the construction expenditures market; historically, renovation spending has made up about a quarter of the market.

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Homeownership Rate Edges Up After 15-year Low, Vacancy Rates Fall

The nation’s homeownership rate rose to 65.5 percent in the second quarter, the Census Bureau reported Friday. The Census Bureau though revised downward the homeownership rate for the first quarter to 65.4 percent (from the originally reported 65.5 percent), the lowest since the first quarter of 1997 when the rate was also 65.4 percent. The Census Bureau also reported the homeowner vacancy rate fell to 2.1 percent nationwide, down from 2.2 percent in the first quarter and 2.5 percent one year ago. The homeowner vacancy rate is at its lowest level since the first quarter of 2006.

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Phoenix Finds Its Way Out of the Downturn: A Model for Recovery

The Arizona capital of Phoenix was one of the hardest hit markets by the housing crisis, with home values plunging nearly 60 percent from 2006 through mid-2011 and foreclosure filings soaring. One analyst says it wasn't too long ago that Phoenix was considered ground zero of the housing market's collapse, but now, it's on a path to recovery that's considerably outpaced other distressed markets. So what's going on in the Valley of the Sun that's strong enough to lift the nation's sixth most populous city from the depths of the downturn?

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Zillow report: Median Rent Prices on the Rise as Home Values Drop

While homes prices continue to be on the decline, rent prices are actually on the rise and showed a 3 percent increase from January 2011 to January 2012, as opposed to home values, which dropped 4.6 percent during that same period, according to the January Zillow Real Estate Market Reports. Zillow data also showed year-over-year gains for 69.2 percent of metropolitan areas covered by the index while only 7.3 percent of metros saw increases in home values. Based on the Zillow Rent Index, the states with the greatest increases in median rent over a year were New Jersey (+16.5), New York (+13.7), Kansas (+10.2), Indiana (+10), and Michigan (+10.0).

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