First American’s Post

ATTOM Data Solutions reported that 84,350 U.S. single family homes and condos were flipped in Q2'23, according to its own release. The homes flipped represented 8.0% of total home sales, down from 8.9% a year ago. Homes flipped in Q2'23 typically generated a gross profit of $66,500 (the difference between the median purchase price paid by investors and the median resale price), down from $102,063 in Q2'22, but up from $56,250 in Q1'23. That translated into a 27.5% return on investment. In Q2'23, 62.6% of the homes flipped were purchased with cash-only. The average flip took 178 days to complete.

What can we expect from the housing and relocation market in 2024? Zillow’s economists predict more homes will hit the market as homeowners no longer expect historically low interest rates to return. Increased inventory will allow home costs to level off, but affordability remains a concern. Therefore, buyers will be more willing to buy fixer-uppers. We want to hear from you - what do you predict for our industry this year? How do you think volume and trends will compare to 2023? No matter what the new year brings, Palmer Moving is ready to bring families home. Read the full article: https://lnkd.in/gNvGrGnV #moving #housingmarket #relocation

Great article! Like I have said, now is the time to buy or at least get prepared  to buy! Call me today to discuss your scenario and let's get you preapproved  to shop for your next home! It's the smart thing to do! #homepurchase  #mortgageloans #bestloanofficer #hometrends #housingmarket #mortgagerates #franklincountymohomes #sellmyhome #firsttimehomebuyer

After years of record-low housing inventory, active listings are rising—which is excellent news if you’re hoping to buy a home. Here’s what you should know:  Home inventory is now the highest it’s been since 2020.  The market share of more minor, more affordable homes is increasing.  Even with a bump in listings, inventory remains well below pre-pandemic levels. What does it mean for you? Read our mid-year market update to find out!  https://lnkd.in/eCUEThNK #realestate #realestateagent #realestateforecast #homeprices #housingmarket2024

After years of record-low housing inventory, active listings are on the rise—which is great news if you’re hoping to buy a home. Here’s what you should know: 🏘️ Home inventory is now the highest it’s been since 2020. 🏘️ The share of smaller, more-affordable homes on the market is increasing. 🏘️ Even with a bump in listings, inventory remains well below pre-pandemic levels. What does it mean for you? Read my mid-year market update to find out! 🔗 https://hubs.li/Q02zTRV30 #01930373 #eastbayrealestate #realestateagent #realestateforecast #homeprices #housingmarket2024

After years of record-low housing inventory, active listings are on the rise—which is great news if you’re hoping to buy a home. Here’s what you should know: 🏘️ Home inventory is now the highest it’s been since 2020. 🏘️ The share of smaller, more-affordable homes on the market is increasing. 🏘️ Even with a bump in listings, inventory remains well below pre-pandemic levels. What does it mean for you? Read my mid-year market update to find out! 🔗 https://hubs.li/Q02zTVmV0 #01930373 #eastbayrealestate #realestateagent #realestateforecast #homeprices #housingmarket2024

New York, New York: The number of homes for sale in the nation’s biggest metro area of New York is less than half what it was before the pandemic, giving sellers the advantage in negotiations and contributing to a 3.6% increase in the area’s average home value ($657,279).

Home Price Forecasts Revised for 2023 [INFOGRAPHIC] Last year, some housing experts projected a decline in home prices by the end of 2023. But that didn’t happen – inventory was just too low. While it’s normal for experts to re-forecast throughout the year, the good news for 2023 is that prices are no longer projected to decrease. Let’s connect so you know what’s happening with home values in our local area. #realestate #homeownership #homebuying Contact Deluxive Homes! www.deluxivehomes.com

After years of record-low housing inventory, active listings are on the rise—which is great news if you’re hoping to buy a home. Here’s what you should know: 🏘️ Home inventory is now the highest it’s been since 2020. 🏘️ The share of smaller, more-affordable homes on the market is increasing. 🏘️ Even with a bump in listings, inventory remains well below pre-pandemic levels. What does it mean for you? Read our mid-year market update to find out! 🔗 https://lnkd.in/ewK4tEuQ #realestate #realestateagent #realestateforecast #homeprices #housingmarket2024 #welcomehomeglobal

While the story for the past few years has been how few homes are on the market, recent national data may leave you feeling a bit confused. That’s because Realtor.com shows inventory is actually growing a bit month-over-month in many parts of the country. The National Housing Supply has been increasing each month with the National Average at 5.1% with MO above the national average at 6.2% and KS at 5.8%. If you’re looking to buy or sell a home, let's connect so you can make sure you’re up to date on all the latest trends that could impact your move, including today’s housing supply.  #kansascityrealestate #kansascityrealtor #markettrends #housingsupply #realestateagent #kcchristy