Go smaller folks..less maintenance, lower bills!
Among 92 metropolitan statistical areas with at least 90 homes flipped in Q3 2016, those with the highest flipping rate were:
Memphis (11.0 percent)
Clarksville, Tennessee (9.5 percent)
Deltona-Daytona Beach-Ormond Beach (9.3 percent)
Tampa-St. Petersburg (9.3 percent)
Visalia-Porterville, California (9.3 percent)
York-Hanover, Pennsylvania (9.2 percent)
Lakeland-Winter Haven (9.0 percent)
Fresno, California (8.7 percent)
Miami (8.6 percent)
Las Vegas (8.2 percent)
“the spring season just barely budged out the winter as the best time to list, according to a new study by the real estate brokerage Redfin.”
“As markets across the country stretch tight with low inventory and high selling prices, many homeowners fear, and even boycott, low-income housing. Specifically, homeowners are wary of the integration of HUD supported Low Income Housing Tax Credit (LIHTC) housing projects. Why? Some believe that these government supported homes may lower the values of properties nearby.
A new study powered by Trulia wipes these fears clean by setting the table with surprising news: in the nation’s 20 least affordable housing markets, low-income housing built during a 10-year span shows no negative effect on nearby home values”
(via The Home Buying Map)
“a 3D map above that shows how much you must earn to buy a home in 27 major U.S. metros. The higher the cone rising out of the map, the greater the salary needed to buy a home. Additionally, we have highlighted the metro areas from green to red to represent the median home price. Darker green represents lower median home prices and darker red represents higher median home prices. Of the 27 metro areas we looked at, the range of salaries needed to own a home varies from $31,134 to $147,996, which is a difference of over $100,000! Do you earn enough to own a home in your metro area?
Based on the data of 27 metro areas, below is a breakdown of the top 5 metros that require the highest salaries and the bottom 5 metros that require the lowest salaries to purchase a house.”
Denver’s population during the past five years surged 10 percent to about 700,000 as the fastest-growing major American city after Austin, Texas, overtaking Baltimore, Boston, Detroit and Washington as it climbed to No. 19 from No. 22 in 2010, according to data compiled Bloomberg. As the Denver population booms, the city’s and state’s unemployment rates remain among the lowest at 3.8 percent, more than a percentage point below the national average of 4.9 percent, according to Bloomberg data.
The DIA’s success helped put Denver at the top for U.S. homeowners with above-average growth and below-average price fluctuations. During the past 30 years, the housing market for Denver produced the second-best return after Portland, Oregon, adjusted for price swings of the 20 major cities in the U.S.,