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Investor purchases are sinking with the housing market at large

Housing Wire

Higher prices, higher mortgage rates and limited inventory are making for a slow market among buyers and sellers alike. Real estate investors tend to be more insulated from these dynamics, particularly from mortgage rates, as they are more likely to buy properties with cash. But even investors have purchased fewer homes this year.

Investors 448
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Home sellers are feeling good about 2021

Housing Wire

Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. ” Duncan added that home sellers are citing high home prices and tight inventory as primary reasons why it’s a good time to sell.

Sellers 518
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Why investors believe CoStar holds a big advantage post-NAR settlement

Housing Wire

The opposite trajectories of their stock prices seem to reflect investor appetites for their different business models. Last December, Zillow netted 105 million unique visitors, according to Comscore data cited in Zillow’s investor materials. Zillow For years, Zillow has dominated online home listings.

Investors 482
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As home prices skyrocketed, sellers made killer profits in 2021

Housing Wire

home sellers made a pretty penny in 2021, with the nationwide realized profit growing by 45% year-over-year, according to a new analysis published by real estate data vendor ATTOM this week. For comparison sake, in 2019 a home seller’s realized profit averaged out to about $55,000, the report said. Presented by: Equifax.

Sellers 459
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As housing demand cools, don’t overlook foreign investors

Housing Wire

Meanwhile, sellers who locked in a record-low mortgage rate of 3% or less during the pandemic have been reluctant to sell, limiting supply further and leaving fewer options for would-be buyers. This is an interesting statistic to watch because foreign investors face different barriers to buying than their domestic counterparts.

Investors 448
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Market Correction or Seller Panic?

Appraisal Buzz

The weak historical correlation suggests to me that – despite general consumer buying deteriorating with inflation and higher interest rates – these influences have less of an effect on the upper-middle to upper-class market participants who remain in the market, primarily as investors. So, how do you comp in this market?

Sellers 435
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A new source of affordable housing inventory: Private seller auctions

Housing Wire

That would not be for the out-of-town investor, said Richards, who purchased the properties via Auction.com s new SmartSale program. New marketplace for motivated sellers That is good news for sellers like Ricardo Sims, the out-of-state landlord who sold the Montgomery properties to Richards via SmartSale.

Sellers 327