Remove flip-analysis
article thumbnail

How to price homes properly in a volatile housing market

Housing Wire

An Auction analysis of public record data from ATTOM Data Solutions shows iBuyer activity home flipping activity in the Tampa Bay metro area dropping 52% in Q4 2022 compared to the year before. Opendoor lost an average of $6,000 on Q4 2022 flips, down from an average gain of nearly $16,000 per property for homes flipped in Q4 2021.

article thumbnail

Fix and flip market struggles as financing costs rise

Housing Wire

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. More investors keep looking to flip homes … but are making less and less in the process “ ATTOM CEO Rob Barber said.

Finance 370
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

homegenius Real Estate’s geniusprice allows agents to conduct pricing estimates in as little as five minutes

Housing Wire

So much has evolved in the real estate process – agents and brokers no longer flip through the pages of MLS books, thumb through a Rolodex or fill out carbon copy contracts with their clients. geniusprice technology is not a CMA.

Agents 368
article thumbnail

Real estate appraisals: What agents should know

Housing Wire

This includes foreclosed properties, flipped properties, distressed properties, commercial properties and industrial properties. The appraiser analyzes the local market A comparative market analysis is a critical part of the appraisal process. Appraisals are required for homes financed with any type of mortgage.

article thumbnail

United Real Estate CEO on minding the value gap for franchisees

Housing Wire

United and others with this model want to flip that notion on its head. ” A recent analysis using 2022 data from RealTrends , looked at the number of agents associated with each model as well as the total number of sides transacted. ” In the past, low-fee brokerages were thought to be low service.

article thumbnail

What should lenders consider in 2024 for collateral risk?

Housing Wire

On the flip side, when a credit risk decision needs to have a very accurate collateral risk decision , we are going to need better quality appraisals. We have ways of identifying which appraisers are updating their appraisal practices to be better data driven analysis rather than relying on outdated appraisal techniques.

article thumbnail

Zillow Upside Down on 93% of Their Portfolio in One Housing Market

Chicagoland Appraisal Blog

To my dismay, I didn’t expect the large disparity which recently led to the end of Zillows flipping scheme. The article describes “Zillow Group’s AI-power house flipping operation as a dismal failure”. It’s difficult to disagree with this characterization based on the data in this blog post.