June 2022 – Page 3

HOME FLIPPING SPIKES ACROSS U.S. IN FIRST QUARTER OF 2022 BUT PROFITS DROP TO 13-YEAR LOW

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Nationwide Home-Flipping Rate Jumps to Highest Level This Century;Raw Profits on Home Flips Increase for First Time Since 2020;But Typical Profit Margins on Flips Decline Again, to Lowest Point Since 2009 ATTOM, a leading curator of real estate data nationwide for land and property data, released its first-quarter 2022 U.S. Home Flipping Report showing that 114,706 single-family houses and condominiums in the United States were flipped in the first quarter. Those transactions represented 9.6

Delayed Gratification Is Your Key To Financial Freedom With Mike Hambright Of Investor Fuel Mastermind

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Sometimes, being naïve about how things work in a business can be a blessing. While others are running away or cowering in fear, you might just go against the grain and reap massive rewards as a result. That’s exactly what happened to Mike Hambright when he started out in real estate. Mike is a real estate investor for 14 years, podcast host, and founder of Investor Fuel, America’s top

REI INK and RCN CAPITAL LAUNCH PODCAST SERIES

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REI INK Magazine, a business publication for real estate investors, and RCN Capital, a leading nationwide private lender specializing in financing for real estate investors, have announced the official launch of their collaborative podcast, Uncontested Investing, with the first episode airing on Tuesday, June 21st, 2022. The Uncontested Investing Podcast, presented by REI INK and sponsored by RCN Capital, will be hosted by RCN’s Executive Director, Tim Herriage and feature

WORD OF THE DAY: Monopsony

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[mə-NAHP-sə-nee] Part of speech: noun Origin: Greek, 1930s Definition: (Economics) A market situation in which there is only one buyer. Examples of Monopsony in a sentence “The conglomerate used questionable tactics to create this monopsony.” “Is Amazon a monopsony in the goods market?” About Monopsony This word stems from the Greek suffix “mono-” meaning “one” and the Greek “opsōnein,” meaning “buy provisions.” Did you Know? “Monopsony” can be easily mistaken with “monopoly,” but they have

Elevated Inflation, Higher Interest Rates Expected to Take Toll on Consumer Spending

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Housing Predicted to Drag on Growth Through 2023 as Financial Conditions Tighten The compounding effects of elevated inflation and higher interest rates are expected to further weigh on economic growth and home sales as the year progresses, with full-year 2022 growth now forecast at a slightly reduced 1.2 percent and expectations of a late-2023 modest economic contraction unchanged, according to the June 2022 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research

WORD OF THE DAY: Soigné

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[swan-YAY] Part of speech: adjective Origin: French, 19th century Definition: Dressed very elegantly; well groomed. Examples of Soigné in a sentence “Matthew was tall, handsome, and soigné when he met Lucy for their date.” “Looking at the photographs of his grandparents, Joe was surprised at how soigné they were.” About Soigné “Soigné” is the past participle of the French verb “soigner,” meaning “to take care of.” In turn, “soigner” comes from the French word “soin,”