Are you looking to invest in real estate but unsure how to evaluate the potential return on investment? Look no further. In this comprehensive guide, we will break down the concept of cap rate and show you how it can help you make informed decisions about real estate investments.
Are you considering financing a real estate project? Understanding the loan-to-cost (LTC) ratio is essential to ensure you make informed decisions. In this comprehensive guide, we will explain everything you need to know about loan-to-cost and how it impacts your financing options.
Are you in need of quick funds for a real estate investment? If traditional loans are not an option, consider a hard money loan. In Arizona, securing a hard money loan can be a straightforward process if you know the steps involved. From application to approval, this step-by-step guide will walk you through the process of obtaining a hard money loan in Arizona.
When it comes to real estate investing and flipping properties, timing is everything. Traditional financing options often come with lengthy processing times, making it difficult for investors to seize lucrative opportunities quickly. This is where Texas hard money loans come to the rescue.
Are you considering investing in Florida real estate? If so, you're in for an exciting and potentially lucrative opportunity. Florida's thriving real estate market has consistently attracted investors from all over the world. However, traditional financing options may not always be the best fit for real estate investments, especially if you're looking to close deals quickly. That's where hard money loans come in.
Welcome to our comprehensive guide on buying an investment property with a minimal down payment! Are you dreaming of venturing into the world of real estate investing but don't have a hefty amount of cash to put down? Don't worry, because in this article, we'll show you how to unlock the doors to lucrative opportunities with a limited down payment.
In the realm of real estate investment, ground-up construction projects offer a unique opportunity for investors to build a property from scratch and reap potential long-term benefits. However, financing these types of projects can be complex and intimidating for even the most seasoned investors. That's where ground-up construction loans come into play.
While office buildings lie empty and multifamily apartment rentals fall, housing in some college markets may be the commercial real estate industry's shining star.
CBRE data released by the Wall Street Journal shows that sales of student housing units hit a record $22.9 billion in 2022, driven by limited availability and high demand at popular U.S. colleges and institutions.
The number of foreclosure files in the United States increased by 7% from April 2023 and by 14% from May 2022, according to ATTOM's newly issued May 2023 U.S. Foreclosure Market Report.
One in every 3,967 homes nationwide had a foreclosure filing in May 2023, per ATTOM's newest survey of the foreclosure market. The report found that states like Illinois, with a rate of one foreclosure filing for every 2,144 homes, had the highest foreclosure rates, followed by Maryland, with a rate of one filing for every 2,203 homes, New Jersey, with a rate of one filing for every 2,257 homes, Florida, with a rate of one filing for every 2,470 homes, and Ohio, with a rate of one filing for every 2,478 homes.
Foreclosure filings increased 4% from April 2023 and 5% from May 2022, according to the study. The states with the highest number of foreclosure starts in May 2023 were Florida (2,901), California (2,451), Texas (2,286), Illinois (1,358), and New York (1,287). This information comes from the most recent ATTOM foreclosure report.
According to ATTOM's survey of the foreclosure market in May 2023, lenders seized 4,020 houses in the United States through REOs (real estate owned). This number represents a growth of 38% from April 2023 and 41% from May 2023. There were 352 REOs in Illinois, 279 in Ohio, 271 in Michigan, 240 in Texas, and 229 in Pennsylvania in May 2023, according to the report.
New York City (244 REOs), Chicago (230 REOs), Detroit (136 REOs), St. Louis (111 REOs), and Washington, DC (91 REOs) topped the list of major metros with populations over 1 million with the most REOs in May 2023, according to the latest ATTOM foreclosure report.
In this article, we analyze the numbers from ATTOM's May 2023 U.S. Foreclosure Market Report to find the top 10 U.S. zip codes that had the highest number of REOs that month. Those ZIPS included: 78254 in San Antonio, TX (27 REOs); 30901 in Augusta, GA (24 REOs); 21502 in Cumberland, MD (10 REOs); 19121 in Philadelphia, PA (9 REOs); 20878 in Gaithersburg, MD (9 REOs); 21043 in Ellicott City, MD (8 REOs); 48089 in Warren, MI (8 REOs); 30127 in Powder Springs, GA (7 REOs); 60409 in Calumet City, IL (7 REOs); and 29501 in Florence, SC (7 REOs).
Nine percent of all U.S. house sales in the first quarter of 2023 were flips, with 72,960 single-family homes and condominiums changing hands. This is the second-highest level this century, down from the all-time high of 9.4 percent in Q1 2022 but up from 8 percent in Q4 2022.
While property flipping activity increased, ATTOM's most recent analysis found mixed patterns for raw profits and profit margins. The analysis found that earnings and returns on investments both rose little between Q4 2022 and Q1 2023, but were still near decade lows.
