In the third quarter of 2019, overall home flips dropped 12.9% over the previous quarter and were down 6.8% from a year ago, according to ATTOM Data Solutions’ third-quarter 2019 U.S. Home Flipping Report. Home flipping rates were down in 78% of the local markets (115 of 147) analyzed in the report. This decline came after an unusually active flipping market in the spring. The declines stood out as the
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Home ownership consumes 32.5% of wages in fourth quarter 2019 The fourth quarter 2019 U.S. Home Affordability Report, released in mid-December by data provider ATTOM Data Solutions, shows that median home prices in the fourth quarter of 2019 were unaffordable for average wage earners in 344 of 486, or 71% of the U.S. counties analyzed in the report. The figure represents a slight improvement from previous reports. It was down
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The city is poised for a prolonged economic expansion. As 2019 ended, several Florida cities hit the headlines for incredibly low unemployment. Tampa, Florida, was near the top of the list. With a 2.2% increase in jobs and just 2.7% unemployment, the city sometimes called “The Big Guava” is poised for a prolonged economic expansion in 2020 and 2021. This is good news for real estate investors in all sectors
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EXIT Realty’s Tami Bonnell builds on human potential. For Tami Bonnell, CEO of EXIT Realty, everything in real estate is about opportunity. “Everything we do at EXIT is about helping regional owners, broker-owners and associates have more control of their businesses, their investing and their lives,” she said. We mentor our agents along the path to investing and so many of them choose to work with EXIT because of the
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Toorak is building new spaces in the real estate lending sector. Just a few years ago, there were very few options for real estate investors seeking to finance single-family rental properties, obtain single- family and multifamily bridge loans, or renovate single- or multifamily properties on an individual versus institutional scale. But in 2016, John Beacham, CEO and founder of Toorak Capital Partners and founder and former president of B2R Finance
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Why you may be confusing the two and missing out on your best options Fix-and-flip and hard money loans are among the most popular financing programs for investors in single and multifamily homes. Although they are two different products, many people both inside and outside the mortgage and real estate industries believe they are the same. This the furthest thing from the truth. Mortgage originators who work with these types
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