Home Flipping Increases, Even as Profits Decline – Agbelo News

Home flipping activity is at its highest point since 2006. The number of homes flipped grew by 26% in 2021 compared to 2020, according to a new report from ATTOM Data Solutions, a real estate research company. Last year’s flips comprise 5.5% of all home sales in the nation during 2021. Home flips are considered transactions that consist of buying and selling properties within 12 months.

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‘There May Be a Limit to Sellers’ Power’ – Agbelo News

Moving into the spring buying season, the number of new listings is picking up. Last week, the number of new listings rose by 8% compared to a year ago, according to realtor.com® data. But even with the climb, housing shortages abound: Active inventory remains down 13% compared to a year ago.

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Home Prices Are Rising Faster Than Wages – Agbelo News

The income required required to meet a common standard for home affordability are growing at the fastest pace in more than 15 years, according to ATTOM Data Solution’s first quarter 2022 U.S. Home Affordability Report. Housing affordability has fallen in nearly 80% of the markets tracked as median home prices continue to increase—and now mortgage rates are too.

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Housing Inventory Turnaround Possible – Agbelo News

A new survey shows many homeowners plan to list their home over the next six months, with high expectations for making a profit on the sale. Sixty-four percent of about 3,000 consumers recently surveyed by realtor.com® said they intend to sell their home this spring or summer. That could bring some welcome relief to a housing market that has been starved for inventory.

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20 Real Estate Companies Have 60% of Market Share – Agbelo News

Real estate giants are getting even bigger. In 2021, the nation’s largest real estate firms accounted for 61.2% of the total sales for the year, representing the largest year-over-year jump on record, according to the newly released 2022 Real Estate Almanac by T3 Sixty, a real estate consulting firm.

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