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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 347
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How to price homes properly in a volatile housing market

Housing Wire

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

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SFR, fix-and-flip sectors are in a ‘bit of a malaise’

Housing Wire

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. That’s particularly true for mom-and-pop investors across both market segments.

Investors 343
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The share of owner-occupants buying foreclosures has doubled — here’s why

Housing Wire

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants.

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Institutional SFR players are stuck in the doldrums

Housing Wire

The largest institutional single-family rental (SFR) operator in the country, Invitation Homes , is in the hot seat over its alleged failure to comply with building-permit requirements for rental properties it owns in California. And yet another big force in the market, FirstKey Homes , is pulling collateral out of a 2021 securitization deal.

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26 Reasons to Get an Appraisal

Realvals

In today’s dynamic market, there are many situations where you may need a real estate appraisal. By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others.

Appraisal 145
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Inflation's Impact on the Housing Market

Eppraisal

What about investors, who both buy and sell? Mainstream wholesalers are often most interested in distressed properties so it is doubtful that inflation will significantly make purchases cost prohibitive. However, inflation takes a toll on the price of renovations, a variable that will very well influence the bottom line.