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The current REO market requires an expansion of services for business growth

Housing Wire

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. HW: What are the risk management challenges for REO assets?

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Opinion: 5 policy changes that can improve housing affordability

Housing Wire

An abundance of housing supply will diminish home prices while a shortage of homes available for sale will escalate prices. The cost of labor has skyrocketed in recent years, driven by shortages in the construction workforce. Like most things in our economy, home prices are influenced by supply and demand principles.

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20 overlooked real estate niches brimming with potential

Real Trends

Green buyers often want sustainable construction practices. Equestrian properties : Finding a property with room for a horse (or multiple horses) can be tricky, Not to mention the codes, regulations and zoning restrictions that come along with owning one of these properties. green home features and easy access to public transportation.

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Charlotte Real Estate Market & Investment Overview 2021

Marco Santarelli

Continuing the Charlotte-area housing market's hot streak, home sales and the median price paid for those homes rise in February. Low mortgage interest rates, high demand and a shortage of homes continue to fuel the Charlotte real estate market and drive prices higher. The median sale price was $312K. year-over-year.

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Flipping Houses in New York: 5 Cities to Consider

HomeLight

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. When buying an REO ( real estate owned/lender-owned property ), the banks like to work with cash. Money was cheap but it’s not cheap anymore.” Wise agrees.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

And now we present the 131 real estate terms you need to know—and be able to define for clients—in 2023: 1031 Exchange. This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. Comparable sales (comps). ” A. Balloon mortgage. Related Article.

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San Jose Real Estate Market & Investment Overview

Marco Santarelli

We will discuss the latest San Jose real estate market trends. A lack of homes for sale is pushing prices up, so potential buyers are facing an affordability crunch. The median sale price was $1.2M. Sale-to-List Price Ratio was 104.93%, which shows that buyers are bidding up asking prices. year-over-year.

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