During the month of April, about one of three home purchases was paid for in cash, as outlined by CoreLogic. Although that seems like a steep percentage, it’s actually lower than the prior year. During April 2015, 34.4% of homes sold were cash sales. This year, however, that number dropped down to ... » Learn More about Cash sales dwindling to pre-recession numbers
Flipping Houses
Foreign Investors Pulled Back From U.S. Real Estate
That was before Brexit, that might hit Florida, Texas and California. Foreign buyers retreated from the U.S. real estate market this past year as a strong dollar, rising home prices and slowing overseas economies crimped buying power. Foreign Investors Pulled Back From U.S. Real ... » Learn More about Foreign Investors Pulled Back From U.S. Real Estate
What buyers should be aware of before purchasing public auction foreclosures
When investors purchase foreclosures through the MLSs, they normally are capable of gaining access to the interior of the property before making an offer and know that they will be guaranteed clear title before they close. But, with these two benefits comes the fact that numerous investors are going ... » Learn More about What buyers should be aware of before purchasing public auction foreclosures
All Cash Home Sales Down Significantly
A third of home sales in March were all cash transactions reported by CoreLogic. This would be a reduction in 2.8 percentages points, the company termed it a significant drop, from February. CoreLogic also stated that the typical cash share of sales over the first ninety days of 2016 was 34.7 %, the ... » Learn More about All Cash Home Sales Down Significantly
Want to flip a house? Do it in Florida
While Memphis, Tenn., had the greatest share of flipped properties (quantity of flipped home sales as a portion of all home sales) in first quarter 2016 and then Fresno, Calif., Lakeland-Winter Haven, Florida, came in third, according to CoreLogic data on the 86 largest U.S. metro areas. While a ... » Learn More about Want to flip a house? Do it in Florida
