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The renovation ripple effect in underserved neighborhoods

Housing Wire

According to public record tax assessor data, all four are now also owner-occupied “I’m trying to establish our community again,” Morgan said, noting the extensive renovations he does before reselling the homes to retail buyers. Daren Blomquist is VP of market economics at Auction.com. I can’t just be a part of that problem.

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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 432
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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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SFR and fix-and-flip investors expect a better market in 2024

Housing Wire

Last year might best be described as a risk-prone atmosphere for the single-family rental sector and the related fix-and-flip market. 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

Investors 483
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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. 50%), Charlotte, NC (49%), Jacksonville, FL (48%) and Houston, TX (46%).

Investors 398
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Institutional investors now balk at buying homes in this market niche

Housing Wire

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction. Renovating Right.

Investors 420
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Investor Insights: How to Thrive in CRE Amid Challenging Market Conditions

Appraisal Buzz

The market backdrop It’s a hard time out there for real estate. That has resulted in credit standards tightening and fewer transactions happening in the market (according to CBRE, commercial real estate volumes were down 54% through Q3 2023 ). When this happens at a large scale across the market, it is called deleveraging.

Investors 195