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Mostly Sunny Skies for Miami’s Housing Market (Infographic)

Real Estate

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Until recently, the words “Florida” and “housing market” didn’t conjure up many positive images. The state was one of the hardest hit by the 2008 housing crisis, its recovery slowed by a backlog of foreclosures. But over the past few years, the tide has turned in at least one Florida metro: Miami. Thanks to a solid economic foundation, the city’s housing market has been making great strides. This infographic takes a look at why the sun seems to be shining […]

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Housing Roundup

February 2016 Housing Round-Up: Home Sales Snap Back, Price Growth Percolating

Real Estate

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By Matthew Schreck, Quantitative Research Analyst, Auction.com Research Those of us who track the real estate market breathed a collective sigh of relief when the National Association of Realtors® (NAR) released data showing that existing-home sales skyrocketed in December, following an unexpected plummet in November caused by the rocky rollout and implementation of the “Know Before You Owe” rule. Existing-home sales in December increased 14.7% to a seasonally adjusted annual rate of 5.46 million, up from 4.76 million in November. […]

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Nowcast-November

January 2016 Ten-X Sales and Price Nowcast

Real Estate

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December’s 700,000 increase in the annual existing home sales rate to 5.46 million was the largest monthly jump in the history of this data. The spike represented the catch-up of delayed home closings in the prior month owing to the implementation of the Know Before You Owe regulations that influenced the drop last month, when the National Association of Realtors (NAR) reported a sharp 560,000 sequential decline in sales to a 4.76 million annual rate. Stepping back from the screaming […]

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Home Flipping

Home Flipping 101: Get Ready, Get Set, Go!

Real Estate

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By Ethan Roberts Home flipping is the process of purchasing an undervalued property with the intent to re-sell it quickly to make a profit. Some investors buy homes at a big discount and re-sell them for a profit—typically less than $10,000—without making any improvements or repairs. That’s called “wholesaling.” These investors often re-sell the homes to other investors who want to use them for rentals. But most investors flip homes by making repairs and improvements that increase the home’s value before […]

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Handshake

Chart of the Weekend: More Commercial Real Estate Buyers than Ever Before

Real Estate

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By Matthew Schreck & Philip Stern, Auction.com Research The number of unique active buyers of U.S. commercial real estate is on the cusp of hitting an all-time high for any single year, at least according to data from RCA, which identified 17,805 unique buyers in the first 11 months of 2015. That’s just 20 buyers shy of a record 17,825 in 2014 and 14% higher than the prior cyclical peak set in 2005. While RCA has yet to release the […]

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Top Buy Sell CRE Retail Markets

For Elite Class A Malls, It’s Good to be King

Real Estate

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By William Travers, Senior Quantitative Strategist, Auction.com Research Amid online retail’s methodical and unrelenting cannibalization of total retail sales, brick and mortar stores—regional malls specifically—have experienced a widening rift between the “haves” and “have nots.” The narrative surrounding the headwinds for physical retail stores suggests the situation is dire for all, but a sub-trend is emerging: it’s actually a very good time to be a Class A “destination” mall. It seems that e-retail’s continued ascent has forced a consolidation in […]

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Before You Buy That Home! 5 Important Items to Know on a Real Estate Contract

Before You Buy That Home: 5 Important Items to Understand on a Real Estate Contract

Real Estate

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By Ethan Roberts When you purchase a home, it’s customary to use a real estate contract to make a formal offer for the property. These contracts are often filled with language and terms that can be confusing to the average person. Nevertheless, buyers need to fully understand the terms of the contract, because disputes or problems with the closing do arise every so often. Real estate agents and Realtors often urge their customers to consult a real estate attorney if […]

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Due Diligence

The 5 Characteristics of Great Real Estate Investors

Real Estate

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By Ethan Roberts Most real estate investors begin their careers with great aspirations, but little knowledge or expertise. Some will dabble at it for a while and eventually give it up for one reason or another. Some may do it for longer, but never really achieve great success. I believe that in order to achieve long-term success as a real estate investor, you need to possess certain behavioral traits that will help you in all facets of investing. Here are […]

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Jobs Report - Key Takeaways

Key Takeaways: January 2016 Jobs Report

Real Estate

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It seems 2015 closed on a strong note, as the BLS released December employment data today that smashed expectations. This was especially important on the heels of the Fed raising interest rates, confirming they made the right move. Unemployment remained stable at a very low 5%, even as labor force participation ticked higher to 62.6%, its second consecutive monthly increase. Further underscoring the data release’s strength, the Auction.com Research Acceleration Index soared in December, rising from -10.8 to 28.5 (on […]

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Housing Roundup

January 2016 Housing Round-Up: Longer Closing Times Batter Home Sales

Real Estate

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By Matthew Schreck, Quantitative Research Analyst, Auction.com Research Home sales went haywire in November as, according to industry sources, the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule resulted in major friction in the mortgage industry. The so-called “Know Before You Owe” rule caused widespread delays in closings and contributed to existing-home sales plummeting in November from both a month ago and a year ago, according to data from the National Association of Realtors® (NAR). Meanwhile, data […]

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