As home prices rise, investors are getting more jittery about home flipping.Single-family homes and condos flipped in the third quarter yielded an average gross flipping profit of $66,448 per flip, according to ATTOM Data Solutions’ Q3 2017 U.S. Home Flipping Report. That is down from 51.2 percent a year ago, and it marks the lowest average gross flipping ROI since the second quarter of 2015, according to ATTOM Data Solutions, a real estate dat
Many home shoppers don’t think about purchasing a house during the holiday months—many even put their home search on hold. But Desare Kohn-Laski, broker-owner of Skye Louis Realty in Coconut Creek, Fla., offers some points to pass on to your clients, letting them know this is one of the best times of the year to shop for a house.Less Competition, Better Prices.Let your clients know that the holiday months work in their favor. “Instead of
Investors shifted their focus back to the Midwest this year, according to a new report released by HomeUnion, an online real estate investment and management firm.HomeUnion analyzed two years of sales data on single-family rental properties nationwide to find the most popular markets with investors this year. Metros located in the Midwest dominated its top 10 list, with Chicago in the top spot.“The list highlights the growing popularity of Midw
Experts predict the advent of autonomous cars will radically change homes and towns alike. By 2021, major automakers, like Ford, Volvo, and BMW, are planning to manufacture either fully autonomous vehicles or ones capable of navigating highways on their own. Some automakers are debuting systems even sooner.Private vehicles that usher you to and from work without stop-and-go traffic may become the new way of life. You can work during your commute
Hardwood flooring is dominating the main living areas of new homes, and engineered hardwood has been particularly catching on over the past decades, according to the latest surveys from Home Innovation Research Labs.Engineered hardwood floors are made up of layers: the top and bottom layers are natural wood, but the middle contains a core of plywood. It’s known to be a more quick, fuss-free installation than solid hardwood.Hardwood has become t
With inventories so tight, some home buyers may be giving a fixer-upper home a second thought. The price point and location may attract more buyers to bite, even though the home itself may need some TLC. But how do you tell a hidden gem from a hidden mess when shopping for a fixer-upper?Paul Skema, president of the architecture and construction firm Roth Design + Build, and Jean Brownhill, founder of Sweeten, an online contracting service, recent
A new study from insuranceQuotes has identified the top three biggest risks to homes this holiday season: porch pirates, decoration vandals, and house fires. The survey was based on responses of more than 1,000 consumers.“During the holidays, certain crimes and home hazards increase,” says Laura Adams, senior insurance analyst at insuranceQuotes. “Homeowners need to take precautions and make sure they have the right insurance to protect
Capture your clients’ hearts with cutting-edge closing gifts and smart home tipsFull disclosure. I am a complete, total tech geek. My first big tech purchase was the hot “personal digital assistant” Palm VII way back when I was 19 years old.Some of you reading this probably have no idea what that is, but imagine if a GameBoy had apps, really, really slow internet connection and managed your calendar. That’s pretty much what the Palm VII w
'It looks like the end of the world' reports real estate agent in Malibu, as Skirball fire spreadsReal estate agents of the wealthy Los Angeles Bel-Air neighborhood were watching homes and blocks of streets they know well go up in flames from their living room TVs this morning.What’s being called the “Skirball” fire for its location near the Skirball Cultural Center is covering 150 acres in Los Angeles–a separate blaze from the “Thomas
Nearly 24 percent of new single-family homes in 2016 included decks, according to a new analysis of U.S. Census Bureau data from the National Association of Home Builders. The percentage is up slightly from 23.3 percent in 2015.New England and the East South Central region of the U.S.—which includes Tennessee, Mississippi, Kentucky, and Alabama—are showing some of the biggest upticks in single-family homes with decks. Perhaps unsurprisingly,
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