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News Updates

A $1 million starter home? It’s the norm in 237 cities

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The number of cities with ‘million-dollar’ starter homes has nearly tripled since 2019 A million-dollar price tag no longer means lavish and luxurious living. In more than 200 U.S. cities, buyers will find a price tag of $1 million or more on the typical starter home, a new Zillow® analysis finds. The typical “starter home” — defined for this analysis as being among those in the lowest third of home values in a given

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Lima One Capital Appoints Josh Woodward as President and Chief Executive Officer

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Lima One Capital, a leading nationwide lender for real estate investors, has named Josh Woodward as its new President and Chief Executive Officer. Woodward joined Lima One in 2013 as one of the company’s first six employees. He has served as Chief Financial Officer, playing an integral role in building Lima One’s accounting, finance, capital markets, servicing, and special servicing teams, as well as in the development of its FixNFlip,

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Renters Rejoice: Realtor.com® Names the Top 10 Markets for Renters

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Austin, TX, Oklahoma City, OK, and Birmingham, AL, grab the top three spots with a combination of affordable rental options, economic opportunity, and short commutes With a surge of would-be renters in the market right now, a new report, Top 10 Markets for Renters, from Realtor.com® found cities in the South and Midwest rank highest for their rental affordability, rental availability, economic growth and shorter than average commute times, making them prime destinations for

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PROFIT MARGINS FOR U.S. HOME SELLERS MOSTLY UNCHANGED DURING SECOND QUARTER DESPITE RENEWED PRICE SPIKE

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Returns on Typical U.S. Home Sales Increase Slightly to 56 Percent;  Margins Generally Flat Even as Median U.S. Home Price Hits New High During Spring Buying Season;  Median Raw Profits Rise Back Over $130,000 ATTOM, a leading curator of land, property, and real estate data, released its second-quarter 2024 U.S. Home Sales Report, which shows that home sellers earned a 55.8 percent profit margin on typical single-family home and condo sales

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Inside Florida Real Estate Trends

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Welcome to the Florida Real Estate and Entrepreneurship Podcast! Carole Ellis is the editor and feature writer of REI INK, with expertise in market analytics for real estate. Carole, also a ghostwriter, has been in the real estate industry since 2006. She offers a unique perspective by writing about market trends and talking to investors and agents. Join us as we explore her journey and insights into the real estate

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Typical Monthly Housing Payment Drops to $115 Below Record As Mortgage Rates Decline

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Mortgage rates dropped to their lowest level since February after the latest CPI report showed inflation cooling. Still, pending home sales posted their biggest decline in eight months The typical U.S. homebuyer’s monthly housing payment was $2,722 during the four weeks ending July 14, $115 lower than April’s all-time high, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s despite home prices sitting just about $100 shy

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