Exurbia Returning to Prominence as Single-Family Housing Regains Traction

Exurbia Returning to Prominence as Single-Family Housing Regains Traction

Real Estate

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By Philip Stern, Research Analyst, Auction.com Research Think suburban sprawl is dead? Think again. America’s outermost suburban rings, also known as the exurbs, are in the midst of a swell of housing activity last seen during the early 2000s. Land that was once rural country is re-emerging as a highly sought-after source of affordable single-family housing. It’s also an initial indicator that the trend of consistently strong growth in America’s urban cores in the years following the recession is beginning […]

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How to Estimate Repair Costs on a Flip

How to Properly Estimate Repair Costs on a Flip

Real Estate

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By Ethan Roberts Whether you’re rehabbing a home to flip, rent out, or even live in, one of the most important tasks you face is maximizing the home’s appearance while staying within your budget. The last thing you want to do is spend too much repairing a home, only to discover when you resell it that your total profit will be nominal. Today, I’m going to share how to develop the skills to properly estimate your rehabbing costs before you […]

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Auction.com Nowcast

July 2015 NAR Sales and Price Nowcast Blog

Real Estate

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By Peter Muoio, Chief Economist, Auction.com Research The National Association of Realtors (NAR) released existing home sales and median existing home price data for June that demonstrated a continued surge in the U.S. housing market, as sales jumped. The Auction.com sales and price nowcasts once again anticipated this continued surge. The nowcast sales point estimate of a 5.55 million annual rate and its confidence range of 5.37–5.73 million not only saw the strong 5.49 million annual rate June figure coming, […]

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Due Diligence

First-Time Home Buyers’ Guide: What is Due Diligence?

Real Estate

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By Ethan Roberts Many first-time home buyers have little idea of what they need to do after they sign a contract to purchase a home. In this article, we’ll look at the “due diligence” part of buying a house, and discuss the various tasks that are vital to ensuring that your purchase becomes a positive event and not a nightmare. A Basic Definition First things first: due diligence refers to a buyer’s investigation of the various aspects of a property, […]

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Chart of the Weekend: Multifamily Development Builds Up

Real Estate

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By Matthew Schreck, Quantitative Research Analyst, Auction.com Research Housing permits are skyrocketing, particularly permits for multifamily buildings of five or more units, suggesting developers are increasingly bullish on expectations for future rental housing demand. June data from the US Census Bureau indicated the seasonally adjusted annual rate (SAAR) of total privately-owned housing permits increased 7.4% from a month ago and 30% from a year ago to 1.34 million. The multifamily component of permits, including structures with five or more units, […]

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5 Properties to Avoid when Flipping a Home

5 Properties to Avoid when Flipping a Home

Real Estate

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By Ethan Roberts After several years of being out of favor, property flipping—buying and re-selling distressed homes in a short period of time to make a profit—is back in vogue among investors. When done correctly, property flipping can generate a high profit margin for investors in a very short period of time. But too often, ignorance about the right or wrong kind of home to buy works against home flippers and drastically reduces their potential profits. There are two important […]

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First-Time Buyer's Guide: Selecting a Real Estate Agent

First-Time Home Buyers’ Guide: Selecting a Real Estate Agent

Real Estate

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By Joel Cone, Special to Auction.com Unless your best friend or your favorite uncle just happens to be a real estate agent or broker, the task of selecting someone to represent you in a real estate transaction can be daunting. Thanks to computers and the Internet, not only is there a real estate office on almost every corner, but today’s buyers also have online access to an unlimited number of possible agents and brokers. Sorting all of this out can […]

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Best financing

Auction.com’s New CRE Financing Portal Expands Investors’ Buying Power and Simplifies Loan Process

Real Estate

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As prices for commercial real estate (CRE) continue to climb, many high-value properties—and their cash-only requirements—move out of reach for would-be investors. If this describes your situation, there’s now a solution! The new Auction.com CRE Financing Portal expands your buying power so you can bid on more and bigger deals. It also offers a simple and certain alternative to the complex and often-opaque loan application process. The portal connects bidders with financing options available from our preferred lenders, who understand the […]

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HousingRoundup

June Housing Round-Up: As Expected, the Housing Market Is Rising with the Temperature

Real Estate

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By Matthew Schreck, Quantitative Research Analyst, Auction.com Research It appears tightening labor market conditions and the persistent run-up in home prices are finally translating to stronger growth in both new and existing-home sales, as total home sales broke out of their prior mid-5-million annual rate range and surged to a new post-recession peak. A strong pending home sales index reading also suggests the housing market is in line for additional gains over the next month and beyond. One potentially dampening […]

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businesses

Key Takeaways: July 2015 Jobs Report

Real Estate

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The BLS released June employment today, and the report will hang like a cloud over the holiday weekend. June saw just 223,000 jobs added compared to expectations of 233,000 and contained negative revisions to prior months. Unemployment resumed its slide, falling to 5.3%, though much was the result of a decline in the labor force. Wage growth was unimpressive, up just 2% from a year ago, decelerating from 2.3% in the month prior. With the lackluster wage growth, the temporary […]

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