Weekly Real Estate update 3/13/20
Home Flipping at 8-Year High While Returns are at 8-Year Low
According to ATTOM Data’s year-end 2019 U.S. Home Flipping Report, over 245k single family homes & condos were flipped in 2019, up 2% from 2018 – the highest point since 2006. Click here to read more.
Total Household Debt Increased by $193 billion in Q4 2019
According to a recent report from the Federal Reserve Bank of New York’s Center for Microeconomic Data, total household debt increased by $193 billion (1.4%) to $14.15 trillion in the fourth quarter of 2019 – marking 22 consecutive quarters of increases. Click here to read more.
Easiest & Hardest Cities to Buy a Home
With record tight inventories all over across the country Realtor dot com reminds us that few markets are immune. However, they did take a look at a look at the numbers across the board and pinpointed the places they say are “easiest” to buy a home as well as those locations where it is pretty hard. Click here to read more.
Homeownership Rates by Age
We saw last month that during the final quarter of 2019 the homeownership rate increased to 65.1%, the highest level in 7 years. A recent “chart of the week” from the Mortgage Bankers Association took a deeper dive into the numbers to breakout the homeownership rate by age. Click here to read more.
Telecommuting Options Enables Locating to More Affordable Cities
A new report from Redfin finds that telecommuting increases 25% after a move. In other words, they found that people are relocating to more affordable cities because they are able to do more of their work remotely. Click here to read more.
Average Cost of Renters Insurance by State
Most landlords require their tenants to have renters insurance. It is an invaluable financial product that ends up protecting the property owner as well as the tenant in the event of a catastrophe. The folks over at howmuch do net point out, the rates can drastically vary across in different parts of the country. Click here to read more.
How to Stage Your Flip to Sell
According to the National Association of Realtors, seventy-one percent of sellers’ agents believe a well-staged environment increases the dollar value buyers are willing to offer. While staging your house isn’t guaranteed to get you more money, it’s an important marketing tool that can help you compete at the right price and sell faster. Click here to read more
Spring Fertilization Tips
Infographic: Spring will soon be here! (the first day is March 19th) That means now is a great time to start thinking about your property’s landscaping – whether it’s a rental house or a flip you’re about to spruce up, a nice lawn will certainly add value and improve curb appeal! Click here to read more.