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Spring into Real Estate Growth
If daffodils are blooming in the yards of local listings these days, then you may be considering making a horrible real estate investing mistake. Thanks to the toxic combination of media headlines proclaiming the “spring home-buying season” is upon us and misconceptions among new investors about just how to find ...
More States Legalize Digital Home Closing Process
Iowa is the latest state to allow buyers to electronically close on a home, continuing a shift across the country to make mortgage transactions more efficient. To close out April, Iowa Gov. Kim Reynolds signed a law that enables digital closings for mortgage transactions, digitizing a time consuming and paper-intensive ...
Federal Reserve Votes to Keep Interest Rates Steady
For the time being, the U.S. Federal Reserve is planning to keep borrowing costs steady, the central bank said in a recent announcement. Despite calls from President Trump to lower its rates, the Fed on Wednesday voted unanimously to be “patient” and keep interest rates at its current range of ...
Seven Reasons to Invest in Single-Family Rentals Sooner Rather Than Later
If you’re seeking to diversify your investment portfolio away from the volatility of the financial markets, single-family rental real estate is worth a close look. Here are seven compelling reasons to invest now: Number 1: Single-family rental rates continue to increase According to John Burns Real Estate Consulting, single-family rental rates ...
How to Build Continuous Cash through Noteworthy Investments
How would you like to have a retirement plan that builds up cash continuously with as little as one initial contribution from you? Imagine a plan that you do not have to set up with a brokerage firm, a plan that has no fees of any kind, a plan in ...
Self-Showing Lockboxes: What’s the Risk?
Over the past couple years, Property Managers have been besieged with several “new technologies” of "Smart Lockboxes” that allow a prospective tenant or buyer to enter and view a vacant property without the manager present. This is really an updated version of the older practice of checking out a key, ...
How the Air Force Led the Warrens to Real Estate Success
When a young American decides to step into the fray and put on the uniform of service, his or her motivations for doing so often vary from sea to shining sea. Some may simply seek an adventure while others think more pragmatically about college and career opportunities down the road ...
Taking Low-Value Property to New Heights
The process of renovating groups of low-value properties into higher-value properties is known as gentrification. As older urban neighborhoods decline, they often become less desirable to buyers and result in lower property values. Through the process of gentrification, these neighborhoods experience a renewal of more affluent homeowners and renters, sometimes ...
Report: Tax Law Changes Affecting Home Sales
According to a new study by the New York Federal Reserve, the Tax Cuts and Jobs Act, an overhaul of the U.S. tax code that was enacted in 2017 and puts a cap on some deductions for homeowners, has “negatively impacted the housing market” by lowering sales volume. The new ...
Top Markets with Greatest Seller Gains Q1 2019
According to a recent Q1 2019 Home Sales Report released by ATTOM Data Solutions, U.S. homeowners who sold their homes in the first quarter of 2019 realized an average home price gain since purchase of $57,500, down from an average gain of $60,000 in the fourth quarter of 2018, but ...
Report: Despite Winter Dip, Real Estate Investors Still Enjoy Nice Profits
Real estate investors across the United States reaped solid dividends from steady price appreciation this Winter, according to a recent report. Home sellers who sold in the first quarter realized an average price gain of $57,500 since purchase — an average 31.5 percent return on the purchase price, real estate ...
Millennial Movers: Here’s Where Young People Want a Home
Millennials are eyeing the middle of the United States for their homes, a recent report found. Millennials are looking at the Midwest not just for its affordable housing, but also strong job markets, according to the National Association of Realtors’ “Most Popular Areas for Millennials: Where They Move and Stay” ...
Bolstered by Low Rates, Economists Offer Cheery Housing Forecast
Lower mortgage rates are spurring some economists to more positively forecast the housing market. Economists with Realtor.com are predicting mortgage rates to average at 4.5 percent by year’s end, which is nearly a percentage point down from their original forecast. And as mortgage rates dip, investors can expect to see ...
Report: Homes with Open Houses Sell for More and Spend Less Time Market
According to a recent analysis of 2018 home sales and open houses, Redfin found that houses for sale that had an open house in their first week on the market sold for up to $9,046 more. They also discovered that those homes spent seven fewer days on the market versus ...
A Look at March’s 20 Hottest Housing Markets
Spring home sales may be in a funk, but there are still plenty of cities where homes are selling fast. Spring is typically the most active season in real estate, however, the broader housing market showed signs of slowing in March compared to a year ago despite some “unexpected hot ...
Despite Rate Dip, These Counties Lead Foreclosure Starts
While mortgage delinquency rates continue to decline around the U.S., there are still a handful of counties seeing relatively high rates of foreclosure starts. For the first quarter of 2019, a total of 161,875 U.S. properties began the foreclosure process, which is a drop of 23 percent from the previous ...
U.S. News Unveils Familiar Cities on Best Places to Live
National rankings continue to love the Lone Star State’s capital city. For three years running, Austin, Texas, topped U.S. News & World Report’s annual “Best Places to Live in the USA” list, lauding the city’s vibrant music scene and booming economy. “People are drawn to the Texas capital's music, outdoor ...
Report: Homes with Solar Power Enjoy Solid Value Bump
As the cost of sustainably powering homes continues to decrease around the U.S., more landlords and homeowners are exploring the value of installing solar panels. In addition to curbing emissions, Zillow Research found that within the last year, homes with solar-energy systems sold for 4.1 percent more on average than ...
Flipping Back: New Investor Approach Increases Rate of Home Flips
Real estate investors are fixing and flipping more homes in hopes of quickly turning a profit, according to a recent report. The rate of home flipping has increased on a year-over-year basis for a dozen consecutive quarters, however, investors are going about the process differently since 2002, real estate analytics ...
Report Ranks Homeowners Most Costly DIY Mistakes
In their efforts to save money, some homeowners end up making far more costly DIY mistakes as they try to revamp their properties, a recent report found. In a survey of 1,187 homeowners, Porch.com found a variety of expensive — and avoidable — mishaps that homeowners make as they attempt to ...
Report: Climate Change Will Devastate Unprepared Real Estate Investors
Real estate investors that aren’t preparing their properties for climate change and increasingly extreme weather may face steep costs, according to a recent report from the Urban Land Institute. In 2017, insurers around the world paid out a record-breaking $135 billion for damage to real estate caused by storms and ...
PeerStreet Lowers Minimum Real Estate Investment to $100
The burgeoning peer-to-peer lending platform PeerStreet has unveiled product updates that enable investments of only $100. The company recently announced it’s lowered the minimum investment to $100 for “small balance reinvestments” when using its automated investing product. The upgrade also expands the investment types available for automated investing to include ...
Real Estate Investment Lender CoreVest Soars Past $5B in Loans
Now a top private lender to residential real estate investors across the U.S., CoreVest recently surpassed a whopping $5 billion in closed loans. CoreVest has significantly expanded its loan offerings over the last year, helping to serve a growing client base with a wide range of real estate strategies, said ...
Indiana Lawmakers Firmly Reject Landlord Fee Hike
Landlords in Indiana have an extra reason to smile this Spring. Indiana lawmakers forcefully rejected a measure that would increase the maximum registration fee municipalities can charge rental property owners each year. Senate Bill 171 aimed to increase the highest allowable fee per rental property from the current $5 fee ...
List Prices Hit Record High and Could Continue to Grow
As the Spring selling season picks up, list prices are soaring. The median list prices for homes in the United States spiked to $300,000 in March for the first time ever, according to Realtor Magazine. And even despite a slowing market, it’s likely that list prices will continue to grow, ...
