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The renovation ripple effect in underserved neighborhoods

Housing Wire

All four of those properties were in low-income and minority Census tracts, as defined by the Federal Housing Finance Agency ( FHFA ). Another 13% of buyers described themselves as owner-occupant buyers while, only 3% described themselves as institutional investors. Daren Blomquist is VP of market economics at Auction.com.

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Report: Local Real Estate Investors on the Verge of Outperforming Builders

Appraisal Buzz

A new report from New Western, a national real estate investment marketplace, indicates that local real estate investors are poised to outperform traditional builders in several key markets. Surge in Home Flips In 2023, New Western operated across 42 markets, where there were 185,272 new builds compared to 163,894 home flips.

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Fix-and-flip investors are filling in the gaps in some housing markets: report

Housing Wire

Roughly 80% of real estate investors surveyed are selling single-family homes at or above asking price after fully renovating the properties to make them habitable, according to a report from real estate marketplace New Western. is lacking about 320,000 listings valued at the affordable range for middle-income buyers.

Investors 396
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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. On a national scale, 46% of investors reported facing more competition for deals than expected.

Investors 304
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How auction buyer data foreshadows housing market shifts

Housing Wire

Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. These two key foreclosure auction metrics show a clear shift in March toward more conservative bidding behavior, both in terms of max offers and buy box for investors.

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How to price homes properly in a volatile housing market

Housing Wire

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

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SFR and fix-and-flip investors expect a better market in 2024

Housing Wire

Still, despite the gloomy news of late for SFR and fix-and-flip investors, some industry experts see better fortunes ahead in 2024 for both sectors. “We We didn’t call it a bear market, but we did call it a lack of liquidity, which I think is more accurate,” said L.D. In 2023, the landscape for home flipping across the U.S.

Investors 482