Remove Buyers Remove Housing Market Remove Investors Remove Renovations
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These housing markets are most likely to correct based on foreclosure buyer behavior

Housing Wire

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. A deeper dive into foreclosure buyer behavior shows which markets are most likely to see a home price correction in the next six months.

Buyers 411
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3 solutions to a gridlocked housing market

Housing Wire

Competition for home buyers is tougher than ever right now, as tightened housing stock supply continues to plague the housing market. By providing jumbo loans, lenders like Acra are able to make those higher-priced homes available as an option for home buyers. 3-month bank statement. Fix’n’flip.

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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 354
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With low inventory, house hunters are in full safari mode

Housing Wire

This, in part, is causing the tight inventory we’re seeing in the housing market today, as two out of every three houses have mortgages with interest rates below 4% and aren’t motivated to sell their house unless a significant circumstance warrants it.” Just because there’s vacant homes in the U.S.

Inventory 452
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DataDigest: iBuyers slide farther from hyped market disruption

Housing Wire

presentation to investors in the blank-check SPAC that took the company public in 2020. Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. “The largest, undisrupted market in the U.S.,”

Marketing 402
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Pros and Cons of Selling Your Home As-Is

Cleveland Appraisal Blog

For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. However, sometimes properties may have specific problems that are too serious and can’t go unnoticed at an open house. Buyers may walk away from the purchase.

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How one lender is solving problems in the fix-and-flip space

Housing Wire

The typical house is now 39 years old — a far cry from the modern, move-in ready property that most homebuyers are looking for. As investors recognize the potential these older properties hold and the inventory and profits they could open up in such a red-hot housing market, demand for older, more distressed properties should increase.

Lending 369