Bobby Burch
Number of Equity-Rich Properties Hit Record High in 2018
Despite signs of a cooling market, the number of “equity-rich” properties hit an all-time-high in 2018. In the fourth quarter of 2018, there were roughly 14.5 million equity-rich properties — an increase of more than 834,000 from a year ago, which is its highest rate since the data started being tracked ...
Zillow: Percentage of Homes Selling Above List Price Plunges
All good things must end. Or at least that seems to be the case for real estate investors that have savored years of progressively more homes selling above their listed price, Zillow found in a new analysis. The share of homes that sold above list price plummeted in the latter ...
Report Finds The Ten Hottest Housing Markets of 2018
As forecasters predict a slower 2019, many real estate investors are still celebrating roaring growth for the housing market in 2018. But while the U.S. saw home values grow on average by about 7.7 percent from 2017 to 2018, some markets were bigger winners than others, according to research from ...
PeerStreet Partners with Liquid Logics to Accelerate Loan Origination
The rapidly-growing proptech firm PeerStreet is partnering with a software heavyweight to build a faster, more transparent marketplace for private lenders and accredited investors. Based in Manhattan Beach, California, PeerStreet will integrate Liquid Logics’ software to accelerate loan origination, thereby creating more opportunities for lenders to sell their loans to ...
Report: Home Sellers Revel in Record-Breaking Gains of 2018
Home sellers enjoyed record-breaking gains in 2018 for average home price returns since purchase, according to ATTOM Data Solutions. In 2018, home sellers saw an average home price gain since purchase of $61,000, up from $50,000 in 2017 and up from $39,500 in 2016, according to ATTOM. The U.S. median ...
Sabal Capital Kicks Off New Commercial Loan Offering
Sabal Capital Partners is offering a new commercial real estate loan program that aims to meet the growing demand for a single-source lender overseeing the total life of a loan. The company announced the program on Monday as a means for commercial real estate investors to manage loans from term ...
Firm Commits 100,000 Hours of Community Services to Hurricane-Ravaged New Bern
When you searched “New Bern, North Carolina” years ago, you’d turn up fun historical facts or photos of the quaint town of 30,000 people. Now, the results aren’t so rosy. Peppered among visitor's information are images of Hurricane Florence’s devastation, stories of stranded people and data on the millions of ...
ATTOM Report Reveals Where Renting is More Affordable than Buying
Renting is cheaper than buying a home in a majority of the largest U.S. counties, according to a recent ATTOM Data Solutions study on rental affordability. Renting a three-bedroom home is more affordable than buying a median-priced home in 442 of 755 U.S. counties — roughly 59 percent — that ...
Housing Slowdown Isn’t Stopping Prices in these Hot Markets
Thanks in part to rising interest rates, home prices have slowed down in about 70 percent of the 200 largest housing markets, according to Realtor Magazine. But while many homebuyers are pleased with that development, sellers in several metros are still enjoying double-digit annual price growth. “Even with the deceleration ...
As Polar Vortex Arrives, Protect Your Home from Extreme Temps
Frigid temperatures spurred on by what’s known as a polar vortex have Midwestern real estate investors and homeowners scrambling to prepare their properties for the extreme weather. As the polar vortex pushed temperatures in Chicago to 21 degrees below zero on Wednesday, homeowners would be wise to take precautions against ...
Realtors Thrilled with Ruling that Protects Valuable Tax Deduction
Real estate professionals are lauding a ruling from the U.S. Treasury Department that enables them to enjoy a valuable tax deduction. The Treasury and IRS recently issued their final regulations regarding the qualified business income rule within the 2017 Tax Cuts and Jobs Act. The new regulations provide more clarity to ...
Report: Top Ten Cities That Homeowners Don’t Want to Leave
As a lack of home inventory and rising prices remain a challenge for buyers, many people are opting to stay put in their homes. And thanks to a recent study from LendingTree, we now know the cities in which people are particularly inclined to stay put for a long time ...
ATTOM Report: 2018 Foreclosure Rates Hit a 13-Year Low
Foreclosures’ presence in U.S. housing continues to shrink, according to new data from ATTOM Data Solutions. Foreclosure filings were reported on 624,753 U.S. properties in 2018, down 8 percent from 2017, according to ATTOM’s Year-End 2018 U.S. Foreclosure Market Report. The nearly 625,000 foreclosures in 2018 are down about 78 ...
As Shutdown Looms, Mortgage Rates Ding Existing-Home Sales
Despite two prior months of consecutive growth, existing-home sales dipped at the end of 2018. Total existing-home sales — which are completed transactions for single-family homes, townhomes, condos, and co-ops — decreased 6.4 percent from November to December, according to the National Association of Realtors’ existing-home sales report that was ...
Report: Despite Lag, Millennials Will Soon Be Driving Force of Home Buying
Thanks to crushing student debt, stagnate wages and the 2008 housing market crash, Millennials have been wary to jump into homeownership. But as Millennials get older, their desire and plans to own homes remain constant, according to a recent report from Clever Real Estate. About 84 percent of Millennials believe ...
Surprising Cities Land on Most Competitive Real Estate Markets List
Though prices are cooling across the United States, there are still many metros that are extremely competitive for buyers, according to a recent analysis by LendingTree. LendingTree analyzed credit scores, the share of buyers shopping for a mortgage before finding the house the want, and average down payments in the ...
Gov Shutdown Worries Investors Eyeing Opportunity Zone Tax Incentives
As the U.S. government shutdown drags into its 28th day, real estate investors are growing concerned with the future of the opportunity-zone tax incentives that are a part of the nation’s new tax plan. Regulatory uncertainty amid the shutdown has cast doubt on the programs, whose primary aim is to incentivize ...
Motili Leads Sustainable Overhaul of Large Student Housing Facility
Proptech company Motili is helping bring one of the most sustainable and energy-efficient HVAC systems to a large student housing community in Georgia. The Denver-based company recently announced that it’s working with the Cardinal Group to comprehensively retrofit the HVAC system for Westmar Lofts, a nearly 400-unit student housing community ...
Slowing Home Prices aren’t Curbing Flips in these Cities
For about six straight years, home prices have seen consistent growth, but new data show that home price growth is slowing down in most states. Home price growth has slowed in 33 states and in 71 of the nation’s 100 largest markets, according to a report from Black Knight. Annual ...
Marijuana REIT Treehouse Raises $133M for Expansion
As more states legalize medical and recreational marijuana, more investors — including the Treehouse real estate investment trust — are tapping the cannabis industry’s serious real estate opportunities. A collaboration between MedMen Enterprises Inc. and Stable Road Capital, Treehouse recently completed a $133 million raise that will partially fund its ...
Booming Proptech Firm PeerStreet tops $1B in Investments During 2018
The surging proptech firm PeerStreet reported impressive performance and growth in 2018. The online real estate marketplace, based in Manhattan Beach, California, surpassed $1 billion in investments during 2018. The banner year pushes PeerStreet past $1.7 billion total in real estate lending since its launch in 2013. “We have created ...
Fannie: More Americans Think It’s a Bad Time to Buy a Home
The idea of buying a home isn’t sitting too well with consumers, according to a new report from Fannie Mae. Fannie’s Home Purchase Sentiment Index dipped in December, decreasing 2.7 points to 83.5. The HPSI is also down 2.3 points compared with the same time last year. The decrease is ...
Commercial Lender Greystone Dishes $18.4M for Kentucky Health Care Facilities
Commercial real estate lender Greystone has issued a significant bridge loan to finance the acquisition of several health-care facilities in Kentucky. Greystone announced on Wednesday that it provided an $18.43 million loan to acquire three skilled nursing facilities totaling 252 beds in the Bluegrass State. The transaction was originated by ...
Experts Weigh in on U.S. Shifting to A Buyer’s Market
A rise in mortgage rates and slower appreciation growth is shifting more negotiating power to buyers in 2019. Home values moved 5.1 percent higher in November when compared to November 2017, according to CoreLogic. Appreciation growth, however, is starting to dip from its 5.4 percent annual gain in October, and ...
Popular Luxury Home Upgrades to Boost Your Returns
As luxury home sales slow, sellers are looking at popular and valuable upgrades to boost returns. High-end home sales grew 7 percent in October annually, which is the second slowest increase in more than two years, according to Realtor Magazine. Inventories of homes for sale, however, are surging. The number ...
