Top States for Zombie Foreclosures
Based on RealtyTrac’s Q2 2016 U.S. Residential Property Vacancy and Zombie Foreclosure Report, nearly 1.4 million (1,398,046) U.S. residential properties (1 to 4 units) representing 1.6 percent of all residential properties were vacant as of May 2016, up 2.7 percent from the previous quarter when 1,361,628 U.S. residential properties were vacant. Read Full Article [Source: […]
Deciding Where to Invest in the SFR Market
The cost of rent remains elevated in some markets around the country; in markets like Boston, Miami, Washington, D.C., San Francisco, and parts of New York City, rent for a two-bedroom home exceeds $3,000 per month, according to a report from Trulia. Read Full Article [Source: www.dsnews.com]
Where are the Best Markets for Flipping?
While flipping activity overall is down considerably from its peak reached 11 years ago, the median gross profit per flipped property is up considerably and some markets in the country are providing ample opportunities for flippers, according to data released by CoreLogic. Read Full Article [Source: www.dsnews.com]
DAWGS Expands Vacant Property Security Operations to the East Coast
DAWGS EXPANDS EAST COAST OPERATIONS Door And Window Guard Systems Inc. (DAWGS), a provider of steel window and door guards for vacant property security, announces expansion of operations to East Coast cities including Philadelphia, PA, Wilmington, DE and Camden, Trenton, and Newark, NJ. DAWGS has helped the real estate markets and blighted communities in Chicago, […]
Three States Hold a Quarter of Foreclosure Inventory
While the nation’s foreclosure inventory and volume of 90-plus day delinquent mortgage loans have been on the steady decline nationwide as a whole, those levels remain elevated in some areas. Namely in three states—Florida, New York, and New Jersey, which hold approximately one quarter of the nation’s homes currently in foreclosure and mortgages that are […]
Homeownership Rate Drops, But Not For Everyone
Just when the homeownership rate seemed to be on its way back after falling to a 48-year low in the second quarter of 2015, it took another step backward. One particular demographic, however, is experiencing a dramatic increase homeownership despite the reversal of the nationwide homeownership rate for Q1. Read Full Article [Source: www.dsnews.com]
Investors, Here are the Top Single-Family Housing Markets
Rising home prices, home appreciation, favorable affordability, and excellent economic and demographic conditions have set the stage for the top single-family housing markets in the U.S for investors. Using current and forecasted housing fundamentals, Ten-X (formerly Auction.com) reported in its Top Single-Family Housing Markets Report for Spring 2016 released on Thursday that among the 50 largest […]
Michigan’s $74.5M plan to stymie foreclosures, eliminate blight approved
The U.S. Department of Treasury approved a $74.5-million plan that aims to eliminate blight in Detroit and Flint and avoid foreclosures across the state of Michigan, Governor Rick Snyder announced Monday. The plan from the Michigan State Housing Development Authority was approved just two months after the federal government announced that $2 billion was added […]
Why Everyone Wants to Flip a House in Chicago
In Chicago and around the country, the private individual home flipper is poised to make a comeback, suggests a report by national real estate brokerage Redfin using MLS data. For the first time since 2007, a majority of flips were performed by people rather than banks looking to clear foreclosures from their books—74.8%, in fact. […]
