Author: Brad Beckett

According to ATTOM Data’s latest Vacant Property and Zombie Foreclosure Report, nearly 1.5 million (1,447,906) single family homes & condos were vacant at the end of Q3 2018, representing 1.52% of all homes nationwide.  This number is down from 1.58% in 2017.  In addition the report found that there were over 10k vacant “zombie” foreclosures  nationwide at the end of Q3 2018, which represent 3.38% of all homes actively in the foreclosure process. They also report that the zombie foreclosure rate was down from 4.18% one year ago. “The number of vacant foreclosures is now less than one-fourth of the…

There are a lot of creative financing plans provided by real estate investors that can help folks get into housing and achieve their piece of the American Dream.  Often, it’s the only way a family can afford to buy a home of their own and real estate investors are proud to provide these vital solutions.  In light of the recent Veterans’ day holiday, today’s infographic is about a homeownership benefit that is only available to America’s military veterans, the VA Home Loan.  In 2017, $189 billion was loaned to veterans and their families through this program.  The first step in…

Recently released data continue to show that more and more new homes are being built as part of a homeowner’s association.  Using data from the Census Bureau, the NAHB’s Eye on Housing reports that 60.7% of all homes started in 2017 were built within a community or homeowner’s association.  In fact, since 2011 over 50% of all homes built fall into this category. The Census Bureau defines community or homeowner’s associations as “formal legal entities created to maintain common areas of a development and to enforce private deed restrictions; these organizations are usually created when the development is built, and…

It used to be cool to get that awesome “dot com” or “dot org” address but now there’s a new domain in town for real estate professionals;  “dot realestate.”  The domain is being launched by none other than the National Association of Realtors and will be available for purchase by the general public through GoDaddy starting November 26, however NAR members can buy it as early as November 16 in a special pre-sale.  According to the Realtors the “dot realestate” domain “is free of restrictions and will allow real estate entities and professionals to creatively market properties and geographic areas…

Many older homes lack sufficient attic insulation to retain heat, however it is also one of the easiest places in a home to properly insulate.  As shown in the map below, different regions of the country have different R-Values for the types of insulation required in their particular climates.  The folks over at The Home Depot have put together a handy attic insulation calculator to help determine your area’s recommended R-value and estimate how much insulation is needed to help keep your property warm in the winter.   Simply enter your information for a quick estimate of the attic insulation you’ll…

RealtyCheck’s Diana Olick reports that higher costs, shrinking profits and lower demand are causing some home flippers to flee the markets in certain areas.  She cites data from ATTOM Data Solutions showing that flipping volume has been falling annually by double-digit percentages for at least three months as well as gross flipping returns falling to their lowest level in nearly seven years.  It is also takes much longer to sell a flipped home, now averaging 186 days. Click here to read the full story at CNBC’s RealtyCheck.

This past election it was not only about “renters vs. owners” as California’s Proposition 10 (expanding rent control) went down in flames but, as Kathy Fettke reports, it was a big win for the real estate industry as realtor-supported candidates across the nation won at all levels of government.  In a recent episode of Real Estate News for Investors, she discusses the election results, potential impact and what the future might hold. “Renters may become a powerful force at the ballot box. They are typically less motivated than homeowners to cast their votes, but with so many issues connected to…

Earlier this year we posted about Zillow getting into the home flipping business in Las Vegas, Orlando and Phoenix.  A recent article in the Houston Chronicle reports that they will soon begin buying & selling homes in Houston, Texas through their Zillow Offers program.  The program pays cash to buy houses from qualified sellers.  After the sale is complete (the seller gets to choose a closing date) the home will then be relisted.  Zillow bills the program by appealing to sellers’ motivation status when they say “skip the hassle…sell to Zillow.”  Indeed… Click here to read the full story at the…

After failing to secure more funding, real estate crowdfunding platform RealtyShares will soon be laying off staff and, as reported by The Real Deal, faces an uncertain future.  According to the report, RealtyShares’ last-ditch efforts to find a buyer for the company were unsuccessful and they will ensure that customers who invested in real estate projects through its platform will get their money back.  The company was founded in 2013 and raised over $870 million that was invested over 1,160 projects. “Over the past six months, RealtyShares aggressively pursued a number of financing options to continue growing the business,” RealtyShares…

Realtor.com says there are actually neighborhoods in the country’s biggest cities where home buyers have the upper hand.  They identified the top 10 places where prices are affordable, there are plenty of homes for sale, a relatively low crime rate, and a reasonable work commute.  To get this list, they analyzed zip codes in the nation’s 10 largest cities.  Then they looked at items such as median price, days on market, and the share of homes for sale.  To keep things enticing, they eliminated neighborhoods where commuting takes more than an hour (in rush hour) and they took out places with…