One important trend developing in the national residential real estate market is boomerang or rebound buyers. These are former homeowners that went through a foreclosure or short sale during the Great Recession. With the economic future looking brighter, these people are again looking to become homeowners. In most cities, this makes good economic sense because
A Run For Your Money? Realty Trac Reveals Best Ski Towns in 2015
January 26, 2015 by
RealtyTrac analyst and VP Daren Blomquist reports that this time around his research team found 18 towns that matched up on seven criteria for a best ski town for real estate investing.
Brooklyn Named Least Affordable Place in the US
December 9, 2014 by
Brooklyn is well known for many things, but this list has a just got longer as it is been named the least affordable place in which to buy a home in the United States. Apparently residents in Brooklyn would have to spend nearly 98% of the median income in order to be able to afford
Realty Trac: Median Price of Distressed Homes up 18%
November 27, 2014 by
The median price of distressed residential properties, which are those that are either in the foreclosure process or owned by a bank, jumped up by 18 percent year-over-year in October
Atlanta Metro Home Sales Down Drastically Year Over Year
June 19, 2014 by
While there are always some areas that do better than others across a large metro area like Atlanta, Georgia, the fact is the vast majority of metro Atlanta has witnessed a double-digit drop in sales compared to the same period in 2013, according to Realty Trac.
Atlanta Housing Still Has Bargains – If You Know Where To Look
May 13, 2014 by
In spite of a widespread propaganda campaign designed to make the public believe that home prices are “soaring” due to a shortage of available properties, the Atlanta market appears to contain plenty of bargains for those who know where to look.
Investors Finding Housing Markets Less Appealing
January 7, 2014 by
According to a report in CNN Money, prices of homes sold in auctions rose faster than rents last year so investors are finding it harder to make money out of buying up foreclosures and renting them out. A report from CoreLogic shows returns on investments have fallen, something that’s quite different compared to the past
Real Estate Market Swamped With Older Properties
December 11, 2013 by
Home buyers who are looking for a new property might have noticed that listings for brand-new houses are a bit thin on the ground. Realty Trac carried out a recent survey and found that 71% of single-family homes in the US had been built before 1990, while in some states homes built before this time
Institutional Investors Changing Strategy
November 21, 2013 by
It’s not universal but there is a shift occurring in how large all-cash buyers are purchasing foreclosed properties. Nationally, houses completing the foreclosure process in October were down 29% compared to a year ago. The number of houses entering the foreclosure process has steadily decreased for 15 consecutive months. The result is that there have
Atlanta Area Market Trends Report
July 1, 2013 by
The housing market in the Atlanta area this past May has over 5,500 properties that are in default, auction, bank owned status, or some state of foreclosure, according to RealtyTrac, Inc., a California-based online data tracking service. The number of homes for sale on RealtyTrac is 4,181, with foreclosures increasing 2 percent in May over last month’s figures. The numbers indicate, however, a steep decline from the same time last year, of 53 percent versus May 2012.
