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Top markets for affordable renovated housing inventory

Housing Wire

home price increase translated into a monthly mortgage payment of $1,179 on a median-priced home — not including property taxes and insurance. Renovated Inventory to the Rescue. On average, the price of the renovated properties was 3.5 Top Markets for Renovated Inventory. Among 75 U.S. in Cincinnati to 4.4

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Home Flipping Volume Decreased in Q2 But Profit Margins Continued to Increase

Appraisal Buzz

While the rate declined, fortunes kept ticking upward for investors who buy, renovate and quickly resell homes. It also stayed within a range that could easily be wiped out by carrying costs that include renovation expenses, mortgage payments and property taxes, revealing anew the struggles home flippers are having in turning healthy profits.

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

Housing Wire

Higher mortgage rates dissuaded would-be homebuyers from purchasing flipped properties, while growing competition from new and resale inventory made things more difficult for these investors. These costs include mortgage payments, property taxes, insurance and utilities that must be paid while renovations are performed.

Investors 327
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Affordable housing inventory is limited due to foreclosure prevention efforts

Housing Wire

That key source of affordable housing inventory: distressed properties sold to third-party buyers or repossessed by lenders at foreclosure auction. Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I

Inventory 435
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Profit margins are up for home flips — but there’s a catch

Housing Wire

Attom measures the profit margin on home flips by subtracting the median purchase price from the median resale price, so costs related to renovations, mortgages and property taxes eat into the final margin. The report comes with a few caveats. The typical margin of 30.4%

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Q2 Home Flipping Activity Slips

Appraisal Buzz

The latest portion of flipped properties was down from 8.7% And while the rate may have declined, home flipper profits ticked upward for investors who buy, renovate and quickly resell homes, and in Q2, investors typically earned a 30.4% of all sales in the U.S. during Q1 of 2024. The flipping rate also was down slightly from 7.9%

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How to price homes properly in a volatile housing market

Housing Wire

As a seller if something is sitting out there a couple weeks and it’s not selling, the price is too high,” said Kearney, who has been investing through multiple real estate cycles and believes housing will not be rebounding substantially in the near term. To learn more about pricing properties in today’s market, visit Auction.com.