Share This Story! Let friends in your social network know what you are reading about Facebook Email Twitter Google+ LinkedIn Pinterest Nashville home sellers score big profits in booming market, new data shows Home-sellers netted a median profit of $76,100 this year, over what they originally paid for their house – 36 percent more profit than during the same period in 2017. Sent! A link has been sent to your friend's email address. Posted! A link has been posted to your Facebook feed. Join the Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Subscribe Today Log In Subscribed, but don't have a login? Activate your digital access. Sandy Mazza, USA TODAY NETWORK - Tennessee Published 12:01 a.m. CT April 19, 2018 | Updated 12:24 a.m. CT April 19, 2018 CLOSE The Tennessean's yearlong look at Costs of Growth and Change in Nashville series culminates on … [Read more...] about Nashville home sellers score big profits in booming market, new data shows
These days, many small real estate investors are working with partners. It makes it easier to buy more expensive properties and spreads the risks. Kathleen Lynn, provided by Published 5:00 am, Tuesday, February 13, 2018 Photo: Ittipon2002/iStock Image 1of/1 CaptionClose Image 1 of 1 Photo: Ittipon2002/iStock Small-Time Real Estate Investors Team Up for Big-Time Profits 1 / 1 Back to Gallery Real estate investor Maureen Wiener usually goes it alone when buying, renovating, and reselling homes in northern New Jersey. “It’s about control," says Wiener, of Franklin Lakes, NJ, who has flipped close to a dozen single-family homes in affluent Bergen County. Wiener, who's in her 50s, says she likes to be the one to choose design elements such as the appliances and the granite countertops. "It's … [Read more...] about Small-Time Real Estate Investors Team Up for Big-Time Profits
"Especially in light of what we've seen in the stock market in the last few days, I think there is going to be a lot more pressure on interest rates to go higher," said Blomquist, who was in North Texas this week for a mortgage industry conference. "What people have predicted in the last few years is actually going to happen."The pressure is there for interest rates to rise."The prospect of higher inflation and growing federal borrowing to pay for the big tax cuts and other spending is fueling worries about rising interest rates. That could mean homebuyers get a double whammy -- both higher home prices and finance costs."The housing market has become somewhat dependent on low interest rates," Blomquist said. "It's going to be an adjustment for the industry to deal with even marginally higher interest rates. "In markets that have gone hog wild in terms of home prices, they are going to be in for a rude awaking as interest rates rise."Dallas-Fort Worth is one of those "hog wild" … [Read more...] about As mortgage rates go up, will it be harder for Dallas-area homeowners to sell?
Rumor has it cryptocurrency is the hot new way for techies to get “hilariously rich,” although bitcoin veterans often tout cypherpunks’ penchant for disrupting centralized power structures. The real estate market is perhaps one of the clearest reflections of this conflict. Bitcoin-realestate.com lists hundreds of upscale properties on sale for cryptocurrency. Bitcoin users can use digital currency to buy luxury properties from Dubai and London to Oakland, Calif. or Middletown, NJ. All of these areas are known for their lack of affordable housing. Protesters block a bus full of Apple employees during a protest against rising costs of living in San Francisco, California, December 20, 2013. Photo: Reuters/Beck Diefenbach Many Silicon Valley startups now offer tokenized services for both renters and landlords. One such startup, Rentberry, raised roughly $25 million so far through an initial coin offering, which still has several weeks to go. Meanwhile, the … [Read more...] about How Will Cryptocurrency Impact The Housing Crisis?
At the end of 2017, typical D-FW homeowners kept their homes for nearly 7.5 years before selling, according to a new study from Attom Data Solutions based on analysis of public records on sale, ownership and tax, relating to more than 150 million U.S. properties. That's way up from an average 3.8-year tenure at the end of 2007. Nationwide, the average tenure of homeowners at the end of 2017 was an all-time high of about 8.2 years, Attom Data researchers found. "It's the most profitable time to sell a home in more than 10 years, yet homeowners are staying put longer than we've ever seen," said Daren Blomquist, senior vice president at Attom Data Solutions. Many homeowners are shrugging off the temptation to sell, even with the potential for great profits, he said. In the D-FW area, there was a tiny decline in homeownership tenures last year as some owners decided to cash in. "Homeowners in the region have gained so much equity so rapidly over the past few years … [Read more...] about Home, sweet home: Why D-FW residents are holding on to their houses for twice as long