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Tag Archives: Investment

China Set to Overtake Others in U.S. Homebuying

From April 2013 through March 2014, Chinese buyers accounted for 16 percent of foreign home sales, up from 12 percent in 2013. In dollar volume, China's share is higher, accounting for 24 percent of sales during that period. "Put another way, the value of homes bought by Chinese buyers in the US has increased from $1.2 [billion] to $7.5 [billion], or slightly more than 500 percent, over five years," said Paul Diggle at Capital Economics.

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Foreign Interest in U.S. Housing Grows

According to a profile of international homebuying activity released by the National Association of Realtors (NAR), total international home sales were estimated at $92.2 billion from April 2013 through March 2013, up from the previous period's level of $68.2 billion.

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Forecasters Revise Expectations on Disappointing May Production

In a letter to clients, analysts at investment banking services firm FBR Capital Markets said they are lowering their 2014 origination outlook to $989 billion from an earlier forecast of nearly $1.1 trillion. "After an April where volumes had increased for the first time in a year, we had grown modestly more optimistic," the firm said. "Now, we believe May results could prove to be a leading indicator of what is shaping up to be the weakest ... year in recent memory."

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Home Flipping Falls in Q1; Average Profit Rises

A recent blog post from RealtyTrac VP Daren Blomquist found home flipping activity declined in the first quarter of 2014, though the amount of average profit per successful flip rose. According to Blomquist, the average gross profit per flip last quarter was $55,574, a 30 percent return on the initial purchase price. Gross profits increased year-over-year from $51,805 in the first quarter of 2013, a 28 percent return on investment.

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Best Housing Deals Now in the Mid-Tier Market

As home price growth continues to moderate to a more sustainable pace, real estate data provider Clear Capital sees another promising trend forming: The mid-tier housing sector now has the best deals for buyers, hopefully drawing more interest to the market’s largest segment. Dr. Alex Villacorta, VP and chief economist for Clear Capital, says the shift reflects how market drivers have had an impact on each tier of housing.

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Home Flips Drop as Investors Cool

Home "flips" accounted for 3.7 percent of all home sales in the first quarter, RealtyTrac reported Thursday—indicating investors are cooling as the market continues to change shape. "Slowing home price appreciation early this year in many of the most popular flipping markets put some investors in danger of flying too close to the sun," said Daren Blomquist, VP at RealtyTrac.

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Vacation Home Sales Pick Up; Investor Interest Wanes

Vacation home sales rose in 2013 as investment purchases retreated from levels observed in previous years, the National Association of Realtors (NAR) reported. NAR chief economist Lawrence Yun commented that as market conditions return to normal, investors must now evaluate their purchases more carefully—and judiciously.

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Is the All-Cash Trend Moderating?

ZipRealty released an analysis of its transactions from January 2012 through December 2013, concluding that nearly one of every four closed without financing. While still high, that share is an improvement from only a few years ago, says Lanny Baker, president and CEO of ZipRealty. “Nationwide, the percentage of all-cash real estate transactions reached a five-year high in 2010 at 27 percent,” Baker said.

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Fourth-Quarter GDP Growth Bumped Up to 2.6%

According to the Bureau of Economic Analysis (BEA), the increase in real GDP last quarter mostly reflected positive contributions from consumer spending, exports, and nonresidential fixed investment. Those gains were partly offset by drags in federal government spending and expenditures on housing. The latest growth estimate was an improvement over BEA’s second report, which suggested 2.4 percent annualized growth.

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Examining Loan Sales in Today’s Market

In recent months, institutional investors seem to prefer buying non-performing loans instead of more solvent ones, according to David LeBlanc, managing director of capital markets at DebtX. LeBlanc said that this action is thought to be caused by the decreasing margins available in real estate acquisitions. These types of loan sales are expected to increase as a result of new regulations that are forcing depository institutions to shed their bad loans to avoid increased holding costs and reserves.

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