It's inverted. Yes, just like in American TV shows. We buy a house, stay in it for a while, then resell it. And we're not good at it. Indeed, that is the professional conclusion I have come to after pondering the wealth of new data produced this week by Eliza Owen and CoreLogic. Eliza says short-term resales are a new trend in Australia's distorted property market. Aside from rising rents due to a structural housing shortage, record interest rate hikes, and the resulting somewhat bizarre rally in most urban housing markets, short-term resales are the new major housing market trend…
Author: Private Lending Agent
It's inverted. Yes, just like in American TV shows. We buy a house, stay in it for a while, then resell it. And we're not good at it. Indeed, that is the professional conclusion I have come to after pondering the wealth of new data produced this week by Eliza Owen and CoreLogic. Eliza says short-term resales are a new trend in Australia's distorted property market. Aside from rising rents due to a structural housing shortage, record interest rate hikes, and the resulting somewhat bizarre rally in most urban housing markets, short-term resales are the new major housing market trend…
Reading time: 9 minutes In this blog post you can find all the latest updates on this project and follow the construction work with photos. Important facts about Xirivella housing project: Collateral – owned by our SPV. It is a lump sum loan, so at the end of the loan term, both the principal and interest are repaid. March 2024 Update The new construction company, which took over management in the autumn and had access to the building, carried out an assessment of the completed and pending works. Two further phases were published on the platform and funded, as the…
A Utah couple who bought a renovated mansion from Kouri Richins, who wrote a book about grief after allegedly murdering her husband, blame the mother for their near financial ruin. Taryn and Alec Wright said in the three years since Richins sold their home they've been plagued by dangerous levels of mold, bouts of unknown illnesses and never-ending financial stress. “There was no effort whatsoever to remedy the injustice she put us through,” Taryn, 38, told Dateline in her first interview about her lawsuit against Richins. “We are just innocent bystanders in her path of destruction.” The Harbour City home…
David McNew/Getty ImagesProfits from home resales continued to recover in the second quarter, according to ATTOM.This is because home prices have increased between the time the property was purchased and the time it was sold.However, the number of home resales has decreased, accounting for 1 in 13 sales.ATTOM reported Thursday that soaring U.S. home prices this year helped boost profits for home flippers in the second quarter.Gross profit from a typical home flip increased to $66,500 in the second quarter, up 18% from $56,250 in the first quarter, but still well below the 2022 record high of $102,063.This equates to…
UrbanTurf Staff ✉️ Want to forward this article? Click here. House from 20011. Rising prices and construction costs have caused home resales to decline this year in many parts of the U.S., including the Washington, D.C., area. But while resales aren't as popular in Washington as they once were, there are still areas where resellers are raking in the cash. Read more belowLoading…The story continues above According to ATTOM's new report, the three citywide ZIP codes with at least 10 homes resold in the second quarter of 2023 were 20002, 20011 and 20019. ZIP code 20011 (Brightwood, Crestwood, Petworth, Tacoma)…
Flipping Rate Declines to Near Low Point Since 2021; Typical Profit Margins Increase at Fastest Quarterly Pace in Three Years Following Extended Slump; Raw Flipping Profits Also Rebound, Up 18 Percent Over First Quarter IRVINE, Calif. – Sept. 21, 2023 — ATTOM, a leading curator of land, property, and real estate data, today released its second-quarter 2023 U.S. Home Flipping Report showing that 84,350 single-family homes and condominiums in the United States were flipped in the second quarter. Those transactions represented 8 percent, or one of every 13 home sales, during the months running from April through June of 2023. WATCH: ATTOM Q2…
Last week I watched a 60-second IG reel featuring a well-known agent podcaster and speaker talking about branding, and her entire argument comes down to one big premise: your face is your brand. Given her popularity and the potential for this unconventional branding technique to be incorporated into your own strategy, let’s unravel this claim using some basic principles of branding. Face the facts Brands exist in the Venn diagram overlap between what a company stands for and what people really want. Apple is an obvious example. What the brand stands for aligns with what people really want: the belief…
Homeownership has historically been affected by racial, ethnic, and other biases. Even in areas where improvements have been made, recent studies have found that the reduction in racial inequities in housing has generally been “slow, uneven, and fragile.” Some areas have seen little or no improvement. Events such as the 2008 Great Recession and the COVID-19 pandemic have led to declines in homeownership rates for minorities, particularly in Latino and Black communities. Other studies suggest that LGBTQ+ communities also face challenges when it comes to financing. Despite the existence of laws banning discrimination in the housing market, research shows that…
Since starting my weekly newsletter, The Dose, I've been writing these Friday Flash articles a lot less frequently, maybe only about once a month. But the internal dialogue that fueled my writing has not abated, so I thought I'd share with you all some half-(or is it fully?) finished thoughts that have been swirling around in my head lately. … Brokerages are getting cheaper and smaller. It's been that way for the last 15 years. We all know that. But the recession has accelerated it. Agents are jumping ship for cheaper options, and brokers are scaling back. Earlier this week,…