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Fix-and-flip investors say they’re discouraged by higher mortgage rates, home prices

Housing Wire

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. An index score above 50 indicates market expansion, while a score below 50 indicates contraction.

Investors 434
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Home inventory gains push demand for distressed properties lower: Auction.com

Housing Wire

Auction.com , the nation’s largest online platform for distressed real estate sales, recently reported that demand for homes sold at auction began to decline late in the second quarter of 2024 even as the available supply of foreclosed homes also contracted.

Inventory 476
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Need to sell your house fast? Here are 7 great options

Housing Wire

Investment homes often take longer to sell because your audience is other investors. If your home is more of an investment home, investors often want a home already outfitted with tenants or an underpriced home, so there’s room in the pricing to cover the cost of renovations. Sell to Other Investors Using Roofstock Marketplace.

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Real estate unicorn Roofstock cuts its workforce by 20%

Housing Wire

If anyone knows of anywhere that could be a good fit with my 20+years in maintenance/renovation leadership in multi-family, single family, or senior living, please pass my name along. Beasley told Real Deal in April that the business model creates more liquidity and transparency, reducing costs and benefiting investors.

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Institutional SFR players are stuck in the doldrums

Housing Wire

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

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William Raveis ain’t no stinkin’ iBuyer

Housing Wire

Using another new tool, called “Raveis Refresh,” WRRE prepares the home for sale by making any necessary upgrades and renovations to maximize the home’s value and ensure that it sells above market average and quickly. WRRE has offers under contract plus more in the pipeline. billion in closed sales volume in 2020.

Brokerage 435
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Home equity is the bright gem of the housing market

Housing Wire

ATTOM , a real estate data provider, reports, however, that the “severe contraction across the lending industry in the fourth quarter of 2022 even hit HELOCs” in terms of origination volume. HELOCs also are popular because the interest on the loans is tax deductible if the funds are used for approved home renovations.