Category Archives: Articles

Seattle and Portland Rank in Top 3 for Home Flipping

Investors are profiting once again from house flipping. Most of today's profits come from a growth in high-end flips of homes $750,000 or more, according to RealtyTrac’s third-quarter Home Flipping Report.  Real estate investors earned an average gross profit of $54,927 on single-family flips during the third quarter, according to the report. “Increasing home prices…
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Mortgage Rates and Low Inventory are Greatest Obstacles for Homebuyers

Ascending mortgage rates are starting to weigh on homebuyers nearly as much as low inventory, according to Redfin’s most recent Real-Time Homebuyer Survey. For its report, Redfin surveyed 1,772 active homebuyers across the 22 markets it covers. Respondents hailed from all over the country. Out of those polled, 56% said rising rates have impacted their ability to buy…
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June Marks 20 Months of Declines for Foreclosure Inventory – Down 20% Year over Year

Completed foreclosures and distressed inventory continued their downfall in June, CoreLogic reported Tuesday. Data for last month showed 55,000 homes were lost to foreclosure, down 20% from June 2012. The decrease represents the 19th month-in-a-row completed foreclosures have ticked down. However, on a monthly basis, completed foreclosures inched up by 2.5%. Since the financial crisis began in September…
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Home Sale Prices Rise to 5 Year High – Up 5.9% in May

Home prices rose to their highest levels in almost five years in May, increasing by a non-seasonally adjusted 2.5 percent, according to the Case-Shiller Home Price Indices released Tuesday. The 20-city index was up 12.2 percent from a year earlier, and the companion 10-city index was up 11.8 percent. For the month, the 10-city index rose 2.5…
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