Raw Flipping Profits Also Up, to High Point Since Middle of 2022 By The ATTOM Team ATTOM, a leading curator of land, property, and real estate data, released its third-quarter 2023 U.S. Home Flipping Report showing that 72,543 single-family homes and condominiums in the United States were flipped in the third quarter. Those transactions represented 7.2%, or one of every 14 home sales nationwide, during the months running from July
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Take a True Look at Each Deal in Front of You By Rodney Mollen Renovating properties has been a tried-and-true method of creating investment value in real estate for decades. During up markets and down markets alike, there are always opportunities to create value-add profitability with a good renovation strategy. Finding the right deals presents one challenge for investors, while another key factor is identifying the best renovation for each
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How it Will Prepare You for 2024 By Amy Daniel Auction, once a market dominated by investors, is becoming more mainstream. People who previously were frightened by the process are no longer afraid to go down the auction path. In the last year, there was a shift to where everyday homebuyers became more comfortable with the auction process. Based on ServiceLink’s 2023 State of Homebuying Report (SOHBR), which surveyed 1,000
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Foreclosure Starts Decrease 7% from Last Month By ATTOM Staff ATTOM, a leading curator of land, property, and real estate data, released its October 2023 U.S. Foreclosure Market Report, which shows there were a total of 34,472 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 6% from a month ago but up 6% from a year ago. “Foreclosure filings continue to paint a concerning
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Investors Move Towards Rental Strategy, Differ on Future Market Dynamics By RCN Capital and CJ Patrick Company In an ever-evolving real estate market, it is crucial for investors to stay informed and adaptable to seize opportunities and navigate challenges effectively. RCN Capital has partnered with CJ Patrick Company to conduct a quarterly Investor Sentiment Survey polling real estate investors around the country to provide valuable insights into the shifting dynamics
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Rent Growth to Cool for the 11th-Straight Month By Lily Katz The median U.S. asking rent rose 0.3% year over year to $1,967 in April—the 11th-consecutive month of slowing growth, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That compares to a revised increase of 1.4% one month earlier and a 16% increase one year earlier. On a month-over-month basis, the median asking rent fell 0.2%, which
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