Housing market sees mixed results as inventory dwindles and investors struggle.
TL;DR
As home prices fall and rates rise, buyers are dropping out of the market. Consequently, some investors are losing money on real-estate, according to a new report by Redfin. The report found that 13.5% of homes sold in the U.S. by an investor in the month of March were at a loss. This indicates that home flippers are not making as much profit as they used to, particularly in the western part of the country.
Topics:businessreal-estate#home-flipping#housing-market#losses#real-estate#real-estate-investment#redfin
- ‘Home flippers aren’t reaping the gains they used to’: Investors are losing money selling houses — particularly those out West MarketWatch
- NOW: Historically low housing inventory drives prices up, WRA says WDJT
- San Antonio home prices finally notch annual decline in March San Antonio Express-News
- Homebuilder Stocks and the Housing Market InvestorPlace
- SLO County home sales dip as housing costs rise. What about the rest of California? San Luis Obispo Tribune
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