Home >> Tag Archives: RealtyTrac (page 3)

Tag Archives: RealtyTrac

Home Affordability Below Average in 34% of U.S. Counties

As the U.S housing market climbs back to healthy, a third of it is less affordable now than it's been all century, according to RealtyTrac. The firm's latest housing affordability report, released Thursday, found that 34 percent of the 1,200 U.S. counties it surveyed are at their least affordable, on average, since 2000.

Read More »

Report: Weak Labor Market to Blame for Housing Weakness

Though employment numbers have been in recovery, in a recent blog post for the company, RealtyTrac senior staff writer Octavio Nuiry argues that there is more to unemployment than percentages, and that a hidden actor is depressing housing market growth. Specifically, what concerns Nuiry most is the huge number of people dropping out of the labor force.

Read More »

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.

Read More »

All-Cash Home Sales Climb to Record High

A new report from RealtyTrac indicates all-cash home sales accounted for 42.7 percent of first-quarter purchases, a record high since the company started tracking the data in 2011. "Strict lending standards combined with low inventory continue to give the advantage to investors and other cash buyers in this housing market," said Daren Blomquist, VP at RealtyTrac.

Read More »

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.

Read More »

Report Offers Second Opinion on March Home Sales

On Thursday, RealtyTrac released its Residential & Foreclosure Sales Report, which showed modest gains in U.S. residential sales in March. The firm reported that March showed a 0.4 percent uptick in overall transactions compared to February and a full 8 percent increase over sales in March 2013. RealtyTrac’s data clashes with other reports released this week about March sales.

Read More »

Equity Gains Slow; 9.1M Homes Still ‘Seriously Underwater’

RealtyTrac estimates 9.1 million U.S. homes were seriously underwater in the year's first quarter, representing a slow improvement over the past few years. "U.S. homeowners are continuing to recover equity lost during the Great Recession, but the pace of that recovering equity slowed in the first quarter, corresponding to slowing home price appreciation," said Daren Blomquist, VP at RealtyTrac.

Read More »

Monthly Home Payments Up 21% in Q4

RealtyTrac released Thursday a new housing affordability analysis, noting an average 21 percent increase in monthly house payments from a year ago. The report showed that the average house payment of a home purchased in the fourth quarter of 2013 rose to $865. That figure is based on a 30-year fixed rate mortgage with an interest rate of 4.46 percent and a 20 percent down payment.

Read More »