Beyond the Headlines- What’s Happening in Real Estate Pt 41
The Dawn Thomas Team is constantly trying to keep our clients and the
inquiring public up to date on the goings-on of the Real Estate Market. These
days there is so much information coming out daily that it’s hard to keep it all
straight and not miss important articles. We’ve recently written about sellers, buyers, taxes and loans-all
of these things are important factors in the Real Estate Market-a very integral
arm of our current economic climate. So today we give you two articles–and a bit
of advice– that we think are important for you, our clients and the public, to
know. Read on!
HOUSE-FLIPPING IS BACK, FLOURISHING AGAIN
Source: CNBC
During the first half of this year, home-flipping came roaring back with an increase of 19 percent from a year ago and 74 percent from the first half of 2011. Competition is reportedly heating up for the practice, which involves buying and selling the same home within six months. So far 136,184 homes have been flipped this year and investors made an average 9 percent gross return, which is up 246 percent from a year ago.
Read the full story
CURRENT HOMEOWNERS DRIVE HOME PURCHASE MARKET IN JUNE
Source: DSNews.com
The buying power currently driving the housing market can be traced to current homeowners, according to data from the Campbell/Inside Mortgage Finance HousingPulse Tracking survey. Current homeowners were the only group that saw its share of home purchases increase last month – from 43.8 percent in May to 44.6 percent in June based a three-month moving average.
Read the full story
HOUSE-FLIPPING IS BACK, FLOURISHING AGAIN
Source: CNBC
During the first half of this year, home-flipping came roaring back with an increase of 19 percent from a year ago and 74 percent from the first half of 2011. Competition is reportedly heating up for the practice, which involves buying and selling the same home within six months. So far 136,184 homes have been flipped this year and investors made an average 9 percent gross return, which is up 246 percent from a year ago.
Read the full story
CURRENT HOMEOWNERS DRIVE HOME PURCHASE MARKET IN JUNE
Source: DSNews.com
The buying power currently driving the housing market can be traced to current homeowners, according to data from the Campbell/Inside Mortgage Finance HousingPulse Tracking survey. Current homeowners were the only group that saw its share of home purchases increase last month – from 43.8 percent in May to 44.6 percent in June based a three-month moving average.
Read the full story
This blog is courtesy of The Dawn Thomas Team who is an
award-winning Real Estate Agent team at Intero Real Estate Services in Los Altos
650-701-7822. We help nice people with selling and buying homes in the greater
Silicon Valley and Beyond!
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