January 2022 – Page 5

Homeownership In U.S. Again Less Affordable In Fourth Quarter As Prices Keep Soaring

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Typical Home Remains Within Means of Average Wage Earner in Fourth Quarter of 2021; But Historic Affordability Down in Three-Quarters of U.S. Markets; National Median Home Price Hits $317,500, Another New High ATTOM, curator of the nation’s premier property database, released its fourth-quarter 2021 U.S. Home Affordability Report, showing that median-priced single-family homes are less affordable in the fourth quarter compared to historical averages in 77 percent of counties across the nation

Cooks With Class #2

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At the IMN Single Family Rental Forum (West), REI INK and RCN Capital co-hosted a “networking” cooking event at the Classic Cooking Academy. The event was sponsored by National Real Estate Insurance Group and BuildWallet. About 40 industry executives, clients and friends came together to hone their cooking skills and to have fun in a unique social setting.

Real Estate Became Music to My Ears

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How a Career in the Music Industry Pivoted to Real Estate By Michael Jansta When I was in 7th grade, I had a history teacher named Mrs. Van Ornam. At the start of the year, she announced a perfect attendance challenge to the class; any student who had perfect attendance ALL YEAR could choose an album or cassette of their choice and she would pay for it. At the end

A Family Partnership

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How the Wileys and McKennas Joined Forces for Success Jim and Jeanne Wiley were introduced to the HomeVestors® franchise opportunity back in 2004 after seeing “We Buy Ugly Houses®” billboards along the highways in Texas while traveling to visit Jeanne’s sister and her husband, Robin and Bill McKenna. Once back in New Jersey, the Wileys began to research franchise opportunities with HomeVestors. Tired of working in the corporate world, Jim in digital

The Home Inspection Alternative for Property Investors

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Investors Need Due Diligence and Details, Details, Details By Kori Covrigaru When you are rapidly buying investment properties around the country, traditional home inspections can slow you down. Traditional inspections are not made for investors; they are made for homeowners who need assurances that their home will not turn into a money pit. Meanwhile, investors have different priorities: renovating, due diligence, and portfolio management. The issues property investors have with

Data – The Secret Weapon

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Use Data to Make Better, Faster Property Investments By Dave Obert The housing market has become a melee of activity. As prices continue to surge, so does competition. The demand for homes continues to outpace supply, with the average home selling above its list price for the 39th consecutive week. As the market gains velocity, investors must be tuned-in at all times, and many are increasingly relying on data to