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Home flipping profits drop at fastest pace in over a decade
As the housing market cools quickly, house flippers are finding it harder to make fast profits.In the third quarter, gross flipping profit, which is the difference between the median purchase price paid by investors and the median resale price, dropped to $62,000, according to ATTOM, a real estate data provider. That’s down 18.4% from the […]
Zoning is a bigger headwind to housing than inventory, says Pulte Capital CEO Bill Pulte
Pulte Capital CEO Bill Pulte joins 'Closing Bell: Overtime' to discuss the housing industry as homebuilder stocks hold up. Source link
The “Sellers Strike” Has Begun—Why The Housing Market Is Going Dark
In this article Back in March and again in August, I noted that “We are undoubtedly reaching the limits of affordability for Americans,” which should “cool the real estate market” and likely “cause a correction” but without the unpleasantness of a crash. This, in my humble judgment, is still the case as the real estate market is—unlike in […]
Why Investors NEED to Change in 2023
The housing market is an unstable beast. As soon as you’ve got your footing in one strategy, it violently jerks you into another, often by force. This is how most investors felt during the great recession as flipping profits dried up, home sales fell off a cliff, and investors were faced with a tough question, […]
Mortgage applications rose last week on lower rates
CNBC's Diana Olick reports on mortgage applications. Source link
The Short-Term Rental Cheat Code for More Bookings and Fewer Fees in 2023
Building a short-term rental business is surprisingly simple. You buy a property, furnish it, then throw up some pictures of it onto booking sites like Airbnb and VRBO. After a few weeks, a booking comes in, and from there you’re in the game! This is all great until a poor review comes in, sending your […]
You Can Predict Economic Cycles On Skyscrapers—Here’s Why That Matters Right Now
In this article Here are some weird but important facts. My friend and marketing expert, Perry Marshall, pointed this out: Plans for construction of the Empire State Building started in a boom time, 1929. It was completed in a bust, the Great Depression, in 1931. The Willis Tower started construction during a boom in 1970. […]
How Rob Fits Family, Real Estate, and $100M Businesses
Rob Dyrdek is one of the most well-known pro skaters, entrepreneurs, and media figures of all time. He essentially owned the MTV lineup for years with hit shows such as Rob & Big, Rob Dyrdek’s Fantasy Factory, and Ridiculousness. At first glance, Rob may look like a phenomenal skater who turned his passion into something […]
Housing market ‘extremely unaffordable’ right now despite rates falling, says Black Knight’s Walden
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Andy Walden, Black Knight VP of enterprise research, joins ‘The Exchange’ to discuss what’s keeping homebuyers away from purchasing, what pent-up housing demand means for the market next year and more. Source link