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Chart of the Weekend: Surging U.S. Dollar May Crimp Foreign Demand for U.S. Real Estate

Real Estate

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By Chris Muoio, Quantitative Strategist, Auction.com Research   While the media has focused on plummeting oil prices and their effect on the US economy, another major macroeconomic shift has been underfoot in recent months: the U.S. dollar is on a tear. Since July, the U.S. Dollar Index has risen nearly 20%, a massive move for a currency in just over half a year. A shift this large in a currency will have multiple effects on the economy and U.S. commercial […]

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February Home Sales And Prices Should Rebound From Weak January Numbers

Real Estate

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By Peter Muoio, Chief Economist, Auction.com Research The National Association of Realtors (NAR) recently released existing-home sales data for the month of January, reporting that home sales dropped sharply to a seasonally adjusted annual rate of 4.82 million units, their lowest level in nine months, from December’s upwardly revised level of 5.07 million. Sales fell 4.9% from December but were nevertheless up 3.2% from the year-ago sales rate. The final Auction.com nowcast, which incorporates additional Google search data to gauge […]

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Chinese Investors Are Racing into U.S. Real Estate

Real Estate

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By Matthew Schreck, Quantitative Research Analyst, Auction.com Research The growing prominence of Chinese investors in the U.S. commercial real estate market has been a hot-button topic recently, for good reason. China’s emergence as a global economic power has imparted a bounty of wealth and credit. However, China’s domestic growth is decelerating as its economy matures and investors are increasingly looking to US property markets, specifically gateway cities, as safe destinations to invest. China-to-U.S. cross-border deal volume skyrocketed 51.2% in 2014 […]

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How Do You Know It’s Time to Sell a Real Estate Investment Property?

Real Estate

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By Joel Cone, Special to Auction.com Being in control of one’s financial future entails knowing not only when and where to buy investment properties, but also when to sell those assets. It’s a very individual decision that should be based on your circumstances at the time. In most cases, the exit strategy you follow will dictate when you sell. However, personal circumstances, changes in business strategy, and most importantly, market conditions, can and should change the game plan at a […]

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Six Ways to Win a Bidding War

Real Estate

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By Joel Cone, Special to Auction.com Today’s higher home prices and tighter housing inventory mean greater competition for consumers and real estate investors. And that competition often results in bidding wars that send the sales price soaring way above the list price. More sales are being financed, too, increasing the number of potential buyers for any particular home—and, given that fewer homes are on the market, making a bidding war all the more likely. In November 2014, the National Association […]

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Income-Producing Residential Property: A Unique Turnkey Opportunity

Real Estate

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By Michael Jansta, Senior Vice President From time to time, Auction.com offers “income-producing” residential rental properties. These attractive homes already have tenants and leases in place, making them ideal investments for real estate investors who want to add to their rental portfolios—or even new investors looking for their first rental property. Income-producing properties that have financing available are especially attractive to newer and local investors. Inventories of income-producing properties have tended to be scarce—we haven’t had many listings for them […]

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Where Real Estate Moves in 2015

Real Estate

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Now that 2015 is well underway, I’ve been reflecting back on what we accomplished over the past year and what we have up ahead. 2014 was a very successful year for Auction.com. In Q1 we announced our partnership with Google, which became a major inflection point for our business. Later in the year we launched our new iPad and iPhone applications. We completed a total rebuild of our website, launched our Auction.com Community and redesigned our blog. And we closed […]

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Rising Household Formations and Sliding Homeownership Suggests New Households Are Likely Comprised of Renters

Real Estate

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By Matthew Schreck, Quantitative Research Analyst, Auction.com Research The Census Bureau released its fourth quarter Housing Vacancy Survey, which includes both homeownership and household formations data. Household formations underwent a massive revision in August, and the post-recessionary picture shows the 12-month moving average of formations bouncing between 500,000 and 800,000, failing to generate consistent positive momentum. However, formations have spiked since August, most recently hitting 1.96 million in December. This is likely an exaggerated level for household formations, as the […]

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January Housing Round-Up: Housing Market Moves into 2015 with Improved Momentum

Real Estate

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By Matthew Schreck, Quantitative Research Analyst  The U.S. housing market recovery finished the year on a positive note—an improvement from the weaker sales and price growth in the early part of 2014. Both existing and new home sales reaccelerated after a November drop, and year-over-year price growth is stabilizing after a prolonged period of deceleration. The annual rate of home sales stumbled in November, but existing-home sales grew from last month’s downwardly revised rate to a SAAR of 5.04 million […]

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Investors Lean Toward Flipping—Barely

Real Estate

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By Cynthia Badiey, Editor By a slim margin, real estate investors preferred to fix and flip properties rather than renting them out in the fourth quarter of 2014. That’s one of the findings of Auction.com’s latest Real Estate Investor Activity Report™, a nationwide survey of investors bidding on properties at auction, both online and at live events. Nationwide, half of the investors surveyed indicated that they intended to flip the properties they were buying, while 47.3% said they were going […]

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