Is Artificial Intelligence Taking Over the Real Estate Industry?

BY  ON OCTOBER 19, 2021

CNBC’s Diana Olick says artificial intelligence might be taking over the real estate industry. She discusses the overall impact artificial intelligence (AI) is having on real estate with companies like Zillow now using machine-learning in their Zestimates. Click here to read more.

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Best & Worst Places for Home Flippers

BY  ON OCTOBER 18, 2021

Flipping houses is a hot topic that we cover quite a bit. A recent article on Realtor.com says high home prices, combined with a record-low number of homes for sale and rising construction and appliances costs, are burrowing into flippers’ bottom lines. Click here to read more.

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Soaring Home Prices Are Roiling Appraisals and Upending Sales

BY  ON OCTOBER 14, 2021

A recent article in the Wall Street Journal says soaring home prices are “roiling appraisals and upending sales.” They say that more & more properties are being valued below their agreed-upon sales price, causing some deals to collapse. Reportedly, home buyers are frequently paying above asking price in bidding wars, and the subsequent appraisals not keeping up with the rapid sales price increases. Click here to read more.

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Where Do People Pay the Most Property Taxes?

BY  ON OCTOBER 13, 2021

The Tax Foundation says property taxes are the primary tool for financing local government as well as generating revenue in some states. In fact, they point out that, in 2019 alone, property taxes generated 31% of total state and local tax collections. Click here to read more.

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Builders Hunt for Alternatives to Materials that are in Short Supply

BY  ON OCTOBER 13, 2021

A recent report by the Wall Street Journal says shortages of key construction materials are forcing some builders & contractors to seek out substitutes and look for alternative suppliers as they attempt to meet the high demand for new housing. Click here to read more.

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Inflation Frustration, Mortgage Rate Surprise and a New Checklist for Homebuyers

BY  ON OCTOBER 11, 2021

On a recent episode of Real Estate News for Investors, Kathy Fettke takes a look at inflation frustration for the Fed, a mortgage rate surprise, and a new checklist for today’s homebuyers. Click here to read more.

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Flipping on the Rise While Profit Margins Fall

BY  ON OCTOBER 6, 2021

ATTOM says that even though home flipping is on the rise, the profit margins associated with those flips are at a 10-year low. According to their Q2 2021 U.S. Home Flipping Report, 79,733 single-family homes and condominiums were flipped in Q2, 2021. Click here to read more.

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Demand for Second Homes Tanks

By on September 30, 2021

We have had several posts over the past couple years about the growing demand for second homes. However, a recent report from Redfin says demand those homes dropped 19.3% year over year in August, marking the third-straight month of declines. Click here to read more.

 

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Hard Money vs Private Money

By on September 21, 2021

Tony Youngs says he began his real estate career back in 1986 after attending a seminar and purchased a home study system and then began to implement it. The course taught him how to find foreclosure properties in his county and then he would go out and look at the ones in his area. One time, he came upon a property that he thought was vacant, as it was in pretty bad shape. While walking around the property, to his surprise, it turned out that it was not vacant and there was a lady in the window looking out at him. Click here to read more.

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South Florida Landlord Requiring Tenants Get Vaccinated Against Covid-19

By on September 21, 2021

A landlord in South Florida who owns multiple apartment complexes is requiring tenants to be vaccinate against COVID-19 or live someplace else, as reported by the South Florida Sun Sentinel. The report also says that if you’re a current tenant, when it comes time to renew your lease, either get “the jab” or find another place to live. Click here to read more.

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