The Best Housing Markets for Home Flippers realtor.com article by Daily Real Estate News | May 23, 2018
House flipping activity surged to an 11-year high this year, with more than 207,000 homes flipped, according to ATTOM Data Solutions, a real estate data firm. But the key is knowing where to be and when. “The sweet spot for successful home flipping is finding the neighborhoods just emerging as the next hot neighborhoods in a city,” says Daren Blomquist, a senior vice president at ATTOM Data Solutions. The firm says the average profit for a housing flip in 2017 was $68,100.
Realtor.com® ranked the 200 largest metros according to the share of all home sales categorized as a flip (defined as any type of home that is bought and resold within a three- to 12-month period). Researchers limited their rankings to two metros per state for geographic diversity and only included markets where the average profit was at least $30,000.
The following are the best housing markets for home flippers, according to realtor.com®:
Nashville, Tennessee Ratio of flips to all home sales: 4.1% Average flip profit: $87,200
Fresno, California Ratio of flips to all home sales: 3.5% Average flip profit: $53,200
Palm Bay, Florida Ratio of flips to all home sales: 3.3% Average flip profit: $71,500
North Port, Florida Ratio of flips to all home sales: 3.3% Average flip profit: $85,300
Baton Rouge, Louisiana Ratio of flips to all home sales: 3.2% Average flip profit: $70,000
Chattanooga, Tennessee Ratio of flips to all home sales: 3.1% Average flip profit: $65,800
Los Angeles, California Ratio of flips to all home sales: 3% Average flip profit: $169,400
Lubbock, Texas Ratio of flips to all home sales: 2.7% Average flip profit: $46,000
The Housing Hot List for October realtor.com article by Daily Real Estate News | October 30, 2017
Listing prices for residential homes remained near record highs in October, according to a preliminary analysis by realtor.com®. The median list price nationwide was $274,000, near the $275,000 record set in June.
One point of relief for “market-fatigued buyers” who’ve faced low inventories for the past few years is that supplies of new listings are up slightly from a year ago, says Danielle Hale, realtor.com®’s chief economist. By the end of October, about 420,000 new listings will have hit the market over the entire month, realtor.com® predicts.
Some housing markets are more lively than others, with California continuing to see some of the most activity. Realtor.com® released its “hottest market” list for October, which is based on how quickly homes are selling and the amount of clicks cities receive on listings at realtor.com®.
20 Markets with Strongest Kickoff to 2017 realtor.com | January 26, 2017
The time it has taken for homes to sell nationwide in January has decreased at a rate of 4 percent compared to a year ago, despite record-high housing prices, according to realtor.com®’s latest housing report.
“We saw evidence of a stronger-than-normal off season starting last September and October due to pent-up demand and surging interest from first-time buyers,” says realtor.com® chief economist Jonathan Smoke. “The downside to this strong off season is that we have started 2017 with a new low volume of available homes for sale and a new high for prices.”
Listing inventories are down 11 percent in January compared to a year ago. Also, the median list price for the month is an estimated $250,000 — 10 percent higher than January 2015, realtor.com® notes. Nevertheless, “the threat of rates approaching multiyear highs in the months ahead is creating a sense of urgency [among buyers],” Smoke says.
The following are the top-performing markets this month:
The Hottest Housing Markets in December Article by Daily Real Estate News
Demand among home buyers doesn’t seem to be decreasing heading into the winter months. The median list price remained the same from November to December, when usually it decreases.
The current median price reached a record high for December of $250,000, which is 9 percent higher than a year ago, according to realtor.com®’s latest housing report. Further, the median number of days that properties are staying on the market is about 88 days for December, which is five days faster than a year ago.
California cities continue to dominate some of the fastest housing markets, making up 12 of the top 20 markets. San Francisco continued to hold on to the number one spot for the fourth month in a row.
Realtor.com® analyzed markets to determine where homes are selling the fastest and buyers are checking out listings the most (based on realtor.com® views). Here are the 20 markets that topped its list for December:
November’s Hot List: The Top 20 Markets Article by Daily Real Estate News | November 28, 2016
California real estate professionals are staying busy. Cities in California continue to dominate lists of the most booming housing markets in the country. But they’re not alone. Many markets across the country are seeing elevated sales this fall.
“After an eventful election, demand for real estate appears to be carrying momentum going into the holiday season,” says Javier Vivas, manager of economic research for realtor.com®. “We expect that to be put to the test, as mortgage rates sky rocket to new highs. But forecasts expect growth as we enter the new year, which should keep waves of buyers intent on entering the market.”
Inventory of homes for sale is down 5 percent in November from October, but the combo of low supply and high demand is keeping prices high, realtor.com® notes. The median list price nationwide remained at $250,000 for the fourth consecutive month, a new record for November.
Realtor.com® flagged the following 20 markets as the hottest in the country in November, where homes are selling the fastest and demand is highest (based on page views):
August 2016’s 20 Hottest Housing Markets realtor.com | August 25, 2016
Housing is sizzling in the last few weeks before the end of summer. According to Realtor.com®, it’s the “hottest August in a decade” for real estate.
Homes are selling 2 percent more quickly than a year ago and prices are reaching new highs. The median home was listed for $250,000 on realtor.com®, which is 8 percent higher than a year ago.
Realtor.com®’s research team did its annual checkup on housing markets across the country to identify which metros are seeing homes sell the fastest and garnering the most listing views (based on realtor.com® traffic). New cities added to its list this month included Kennewick, Wash., and Waco, Texas. Detroit also notably moved up in the rankings this month, up four spots to land in the top 10.
Here are the 20 real estate markets that topped realtor.com®’s list in August:
Nashville Among The 20 Hottest Housing Markets for July 2016 Article by Daily Real Estate News | July 28, 2016
July 2016 may end up as a month for the record books. According to new realtor.com® data, the U.S. is seeing the hottest July for home buying and selling in a decade.
“The best spring in a decade has transitioned into the hottest summer in a decade,” says Jonathan Smoke, realtor.com®’s chief economist. “Pent-up demand left over from tight supply for two years against the backdrop of mortgage rates remaining near three-year lows have encouraged buyers to keep active at a time when sales usually begin to decline.”
Smoke estimates that properties spent a median of 68 days on the market in July, and the median home price is $251,000, a record price for the month and 7 percent higher than a year ago.
In certain markets, housing markets are especially sizzling. Realtor.com®’s research team took a look at the number of days homes spent on the market, the measure of available supply, and the number of listing views on realtor.com® (to represent demand). They then identified the following 20 medium-to-large U.S. markets where homes are selling the fastest: