Zombie Foreclosures Increase 21% in Q2
BY BRAD BECKETT ON JUNE 9, 2021
According to ATTOM Data’s latest Vacant Property and Zombie Foreclosure Report, zombie foreclosures represent only one of every 12,256 homes in Q2. The report also says the number of Zombie homes sitting empty was up quarterly by 21%, and annually by 5.6%. Click here to read more.
Read moreHalf of Homes Are Now Selling Above List Price
BY BRAD BECKETT ON JUNE 2, 2021
Redfin says that a record high of 50% of homes sold for more than their listing price, up 23 percentage points from the same period one year earlier. Click here to read more.
Read moreExit Planning and Adjusting Your Expectations in a Hot Market
BY BRAD BECKETT ON JUNE 1, 2021
On a recent episode of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick talked with Allison Koetsier about why it’s important to have a clear investment strategy & goal, the biggest mistake she sees first-time investors make, and why you need to build a great team. Click here to read more.
Read moreDemand for Second Homes Has More Than Doubled
BY BRAD BECKETT ON MAY 20, 2021
Redfin says the rise in demand for second homes is more than twice the increase for primary homes, with the number of buyers who locked in mortgage rates for primary homes rising a whopping 178% from one year ago. Click here to read more.
Read moreBlack Knight Says Forbearance Volume Up Slightly in May
BY BRAD BECKETT ON MAY 25, 2021
Black Knight says forbearance volumes rose by 16k (+0.74%), in May, which they say is only the second increase over the past 12 weeks. As of mid-May there were 2.18 million (4.1% of homeowners) mortgages remaining in COVID-19-related forbearance plans. Click here to read more.
Read moreExisting Home Sales See Third Straight Month of Declines
BY BRAD BECKETT ON MAY 24, 2021
The National Association of Realtors is reporting that existing home sales were down 2.7% in April to a seasonally-adjusted annual rate of 5.851 million (up 33.9% from one year ago). Total housing inventory at the end of April was 1.16 million units, down 20.5% from one year ago. Click here to read more.
Read moreEven More Americans Now Say Real Estate is the Best Investment
BY BRAD BECKETT ON MAY 24, 2021
Winning…..For the 8th year in a row, Gallup is reporting that more Americans prefer real estate over other long-term investment vehicles for growing wealth. Click here to read more.
Read moreWhy Finding a Tenant That Loves Your Property is Critical
BY BRAD BECKETT ON MAY 18, 2021
On a recent episode of the Rent Perfect Podcast, David Pickron says being a successful landlord is more about managing your tenants than it is about managing your property. Click here to read more.
Read moreRegulatory Costs Add $93k to New Home Prices
BY BRAD BECKETT ON MAY 17, 2021
Just when you thought lumber prices were jacking up home prices, along comes a new study from the NAHB that says government regulations (imposed by all levels of gov’t) account for $93,870, or 23.8% of the current average sales price of a new single-family home (currently ($397,300). Click here to read more.
Read moreYardi Says Multifamily Market Continues to Show Strength
BY BRAD BECKETT ON MAY 13, 2021
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in April increased $10 to $1,417 - the largest increase that they have seen since the beginning of the pandemic. Click here to read more.
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