Real Estate News and Auction
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April 26, 2022 7:43 AM
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Investors Set Sights On Mobile Home Parks As Demand For Affordable Housing Surges

Because of high housing costs, mobile home parks are becoming more popular with various types of tenants. Wall Street is capitalizing on this trend and has been investing in both mobile home parks and build to rent communities. Build-to-rent communities refer to building large tracts of single family home communities to rent them out long term. Mobile home and build-to-rent tenants stay in their communities much longer than apartment tenants, making them even more enticing for investors. Browse
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Scooped by AZ Mountain Lake Realty
April 25, 2022 7:52 AM
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Why Landlords Should Never Use Venmo or PayPal To Collect Rent

Venmo and PayPal are two extrememly popular peer-to-peer payment apps that landlords use to collect rent. In this article, we'll go over why you shouldn't.
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April 25, 2022 7:48 AM
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Here's a look at Arizona's falling housing affordability

Here's a look at Arizona's falling housing affordability | Real Estate News and Auction | Scoop.it
Nationally, housing affordability in the fourth quarter of 2020 was at its lowest level in a decade, according to housing data.
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April 23, 2022 3:49 PM
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What home prices will look like in 2023, according to Zillow’s revised downward forecast

The swift move up in mortgage rates has research firms re-gearing their housing forecasts.
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Rescooped by AZ Mountain Lake Realty from Real Estate Plus+ Daily News
April 22, 2022 3:22 PM
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Existing-Home Sales Slip 2.7% in March

Existing-Home Sales Slip 2.7% in March | Real Estate News and Auction | Scoop.it

Total existing-home sales,1 https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, dipped 2.7% from February to a seasonally adjusted annual rate of 5.77 million in March. Year-over-year, sales fell 4.5% (6.04 million in March 2021).


Via Russ Bergeron
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April 21, 2022 1:02 PM
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Entry Level House Flip Before and After - Storybook House Tour, Home Remodel Before and After

Entry Level House Flip Before and After - Storybook House Tour, Home Remodel Before and After | Real Estate News and Auction | Scoop.it
This entry level house flip yielded my highest profits to date. We completed transformed it in 3 months and the sale of this storybook house blew my mind!!

A 60 year old home remodel is different from the ranch style home remodel scope of work of a regular house flip because you need to make sure your house flipping scope of work is thorough.

The 60 year old house flip shows you how we transformed this entry level home into a $1.8MM modern home. This storybook house tour will show you how an entry level home renovation should be done, how to do a budget remodel and the home remodel scope of work.

Ranch home flip usually require a more detailed house flipping scope of work because there are a lot of items that need to be updated. This entry level home tour on 60 year old home remodel will help house flipping beginners learn the process on how to do entry level home remodel, how to do a budget house flip and how to flip houses for beginners.

Watch until the very end to see how this entry level house flip was sold and the numbers. The sale price really blew me away!

My name is Elisa. I'm a house flipper in the San Francisco Bay Area, and I've been flipping houses for 4.5 years. Follow @Transform Real Estate for more house flipping before and after videos and house renovation tips and tricks.

#fliphouses #homeremodel #before&after

Watch next: DISGUSTING Entry Level House Flip Before and After
https://youtu.be/BFtTfZibZgQ

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Hamza Alabrash's curator insight, May 10, 2022 2:05 PM
This video does a great job explaining what to do during a house flip and how much money you can make from it.
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April 20, 2022 10:30 PM
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Climate-Change Risks Get the Attention of Real Estate Investors 

Climate-Change Risks Get the Attention of Real Estate Investors  | Real Estate News and Auction | Scoop.it
They are thinking more seriously about flooding, but a lack of established standards for assessing development projects is challenging their efforts.
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April 20, 2022 1:15 PM
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Arizona evictions: Tenants with rental aid still lose their homes

Arizona evictions: Tenants with rental aid still lose their homes | Real Estate News and Auction | Scoop.it
Thousands of Arizona renters were evicted – and will continue to be – because the eviction process moves faster than the government is delivering aid.
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April 19, 2022 5:25 PM
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4 housing market predictions for 2022, from economists and real estate pros

4 housing market predictions for 2022, from economists and real estate pros | Real Estate News and Auction | Scoop.it
Here's what experts expect to happen in the housing market this spring.
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April 19, 2022 5:16 PM
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Mortgage Rates Now Over 7% | Real Estate Has FLIPPED

Mortgage Rates Now Over 7% | Real Estate Has FLIPPED | Real Estate News and Auction | Scoop.it
This Housing Market is DONE.. Add me on insta and tiktok @thisisjohnwilliams

Subscribe to my Second Channel: https://www.youtube.com/c/johnwilliamsyoutube?sub_confirmation=1

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The real estate market was supported with very low and historical interest rates. The mortgage rates allowed both property owners and investors to sell their homes, apartment buildings, office buildings and mobile home parks for record prices due to the low cost of mortgage debt. The housing market has officially flipped as mortgage rates went from 2.875% on a thirty year fixed rate mortgage to over 7.1% on a thirty year fixed rate mortgage. This equals big signs of trouble for the housing market and home affordability. We are witnessing the end of an affordable life in America for hundreds of millions of Americans. We will see home ownership and home affordability slip away. Many investors and property owners who want to sell their home will likely have to do so at a lower price today than what they were able to fetch in the housing market just six months ago.

Do you think the housing market has flipped? Do you think the real estate market will get punished with high mortgage rates? Where do you see the housing market going for house flippers and airbnb investors?
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Rescooped by AZ Mountain Lake Realty from In the Biz - Commercial Real Estate News
April 18, 2022 8:23 AM
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Biden’s New Budget Proposes Limiting 1031 Exchanges | DI Wire

Biden’s New Budget Proposes Limiting 1031 Exchanges | DI Wire | Real Estate News and Auction | Scoop.it

"Earlier this week, President Biden released his $5.8 trillion 2023 federal budget proposal, which seeks to limit the deferral of gain on Section 1031 exchanges "


Via CommerialREFL
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Scooped by AZ Mountain Lake Realty
April 18, 2022 8:20 AM
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Metro Phoenix ranks No. 3 in U.S. for biggest home price increase

Metro Phoenix ranks No. 3 in U.S. for biggest home price increase | Real Estate News and Auction | Scoop.it
Metro Phoenix median sales price for a home jumped from $360,000 in March of 2021 to $462,500 in March of 2022 — a 28.5% home price increase.
AZ Mountain Lake Realty's insight:

Here is a quick snapshot of Phoenix’s housing data:

Closed transactions: 9,661 down year-over-year by 2.7%; up month-over-month by 26.5%

Median Sales Price: $462,500 up year-over-year by 28.5%; up month-over-month by 2.8%

Days on Market: 23 down year-over-year by 4.2%; down month-over-month by 14.8%

Months Supply of Inventory: .6 up year-over-year by 0%; down month-over-month by 25%

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Scooped by AZ Mountain Lake Realty
April 16, 2022 8:40 AM
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before and after house flip renovation tips-numbers breakdown

This is a before and after house flip that we renovated, put it on the market and sold in a week. Today we're going inside another house renovation where we purchased it old and busted, and transformed it into new and sexy. I want you to pay close attention to the numbers breakdown for the purchase price, profit, renovation and sales price so you can get a feel for what investors are making on these home flips. Further take note of the building materials and design we use to make houses attractive for today's buyer with a family. You'll get tons of little tips and secrets to make your house pop and get maximum profit on your deals. Remember, this business is all about the numbers. We put $25k in this reno which is, as usual, over budget so come inside and get some tips for your next property flip.

�Join this channel to get access to perks and your questions answered FIRST:
https://www.youtube.com/channel/UCsMdIzwLBuCWrFt9zqhX2bA/join

�Want to sell me a house in Hampton Roads: https://www.hamptonroadshousebuyers.com/

�Need financing? Find out how much you qualify for in Business Credit Lines: https://www.fundandgrow.com/webinar-registration/krishaskins

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00:00- Intro
1:07 - Let's take a look at the neighborhood and surrounding houses
2:15 - This is the family room and how they left it when the seller moved out
2:32 - One of the sellers who passed away-RIP to him
4:03 - This is the kitchen before and after renovation
5:45 - Let's go over the numbers on this flip, MAO(Maximum Allowable Offer)
7:47 - We use private money to finance our real estate deals
8:29 - To sell me a house visit https://www.hamptonroadshousebuyers.com/
9:40 - up stairs inside the bedrooms and bathrooms
10:47 - You can save thousands on your reno by resurfacing tubs instead of replacing them

Follow Kris on Social media:
Instagram: https://www.instagram.com/kris.haskins/
Facebook: https://www.facebook.com/kris.haskins.7
Twitter: https://twitter.com/kriz1204
#beforeandafterhouseflip, #howtofliphouseswithprivatemoney, #
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April 25, 2022 7:53 AM
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AirDNA MarketMinder: What It Does For Investors | Mashvisor

AirDNA MarketMinder: What It Does For Investors | Mashvisor | Real Estate News and Auction | Scoop.it
Have been wondering what AirDNA MarketMinder is and what it can do for you as a real estate investor? Read more about the tool and see an alternative platform.
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Scooped by AZ Mountain Lake Realty
April 25, 2022 7:51 AM
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The Fed’s Plan for Future Interest Rates

There’s arguably no one better to ask this question than Nick Timiraos, reporter and economic correspondent at The Wall Street Journal.
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April 25, 2022 7:43 AM
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Another housing bubble? ‘We’re skating close to one,’ says Realtor.com economist

The stubbornly hot U.S. housing market now has economists flirting with the real estate industry's most feared word: Bubble.
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Rescooped by AZ Mountain Lake Realty from Real Estate Plus+ Daily News
April 22, 2022 3:22 PM
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Mortgage Costs Rise 20 Percent Since December 2021

Mortgage Costs Rise 20 Percent Since December 2021 | Real Estate News and Auction | Scoop.it
Quickly rising mortgage rates are compounding affordability challenges that have been brought on by record home value growth. The cost of a 30-year mortgage on the typical U.S. home is now 19.5% higher than it was just three months ago, according to Zillow’s March Real Estate Market Report. Despite this, the pace and volume of […]

Via Russ Bergeron
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Rescooped by AZ Mountain Lake Realty from Real Estate Plus+ Daily News
April 22, 2022 3:21 PM
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U.S. Foreclosure Activity Sets Post Pandemic Highs in Q1 2022

U.S. Foreclosure Activity Sets Post Pandemic Highs in Q1 2022 | Real Estate News and Auction | Scoop.it
The report also shows a total of 33,333 U.S. properties with foreclosure filings in March 2022, up 29 percent from the previous month and up 181 percent from a year ago — the 11th consecutive month with a year-over-year increase in U.S. foreclosure activity.

Via Russ Bergeron
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Scooped by AZ Mountain Lake Realty
April 21, 2022 9:27 AM
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Why This Housing Market Is Not a Bubble Ready To Pop –

Why This Housing Market Is Not a Bubble Ready To Pop – | Real Estate News and Auction | Scoop.it
Homeownership has become a major element in achieving the American Dream.
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April 20, 2022 10:29 PM
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U.S. mortgage interest rates reach a 12 year high, demand falters

The bulk of the run up, however, has occurred since the start of the year, causing the fastest climb in home-financing costs in decades as the Fed abandoned a cautious approach to raising its benchmark overnight lending rate in favor of swifter and more decisive action to bring down persistently high inflation. The central bank is also set to decide at its next meeting on May 3-4 to begin reducing its portfolio of $8.5 trillion of U.S. Treasuries and mortgage-backed securities, a stash of assets that had helped keep consumer borrowing costs - for mortgages in particular - low throughout the COVID-19 pandemic. Those expectations for Fed tightening actions have led to a surge in Treasury yields as financial markets reacted.
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April 20, 2022 8:37 AM
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Today's Mortgage Rates Soar to Nearly 7% | April 18, 2022

Today's Mortgage Rates Soar to Nearly 7% | April 18, 2022 | Real Estate News and Auction | Scoop.it
The average rate for a 30-year fixed-rate mortgage has jumped by more than one percentage point since Friday.
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April 19, 2022 5:18 PM
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Redfin Buyers QUITTING Housing Market CRASH Coming

Redfin Buyers QUITTING Housing Market CRASH Coming | Real Estate News and Auction | Scoop.it

Redfin Buyers QUITTING Housing Market CRASH Coming
Houston, San Antonio, Austin and Dallas Texas.

Email my team and I for any questions and let us know how we can help!
TravisAndGrace.etr@gmail.com

Are we in a housing bubble? Will real-estate crash? Is there a housing crisis? How do credit reports work? What are the new Tax laws? Listen to the data and please share your own stores and opinions. It is more important now more than ever with so many changes and challenges. We plan on bringing more and more videos on real estate and how to educate and empower yourself. Please like and subscribe but most importantly empower yourself with education!

Data Source:
#1 https://www.redfin.com/news/hottest-march-ever-for-the-housing-market/

#housingmarketcrash #realestate #housingmarket


ship.

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April 19, 2022 5:09 PM
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Total mortgage demand plummets 41% year-over-year amid rising rates

Total mortgage demand plummets 41% year-over-year amid rising rates | Real Estate News and Auction | Scoop.it
CNBC's Diana Olick joins 'Squawk Box' to break down the latest data from the Mortgage Bankers Association. Sign up and learn more about the CNBC Investing Club with Jim Cramer https://cnb.cx/3Ei22n4

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Rescooped by AZ Mountain Lake Realty from In the Biz - Commercial Real Estate News
April 18, 2022 8:22 AM
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Biden Is Going After 1031 Exchanges Again. CRE Is Mobilizing To Stop Him | Biznow

Biden Is Going After 1031 Exchanges Again. CRE Is Mobilizing To Stop Him | Biznow | Real Estate News and Auction | Scoop.it
Budget proposals for FY 2023 raise the specter of an old threat to real estate investors: a cap on 1031 exchanges.

Via CommerialREFL
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April 16, 2022 8:53 AM
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Before Repairing A Mobile Home Watch This (For Investors)

Before Repairing A Mobile Home Watch This (For Investors) | Real Estate News and Auction | Scoop.it
John Fedro's channel is a FREE mobile home investing crash-course for anyone looking to become a mobile home investing pro. Learn more secrets, tricks, and behind-the-scenes lessons while flipping, wholesaling, and cash-flowing mobile homes in parks (also, on private land)!
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Over the past 10+ years I've been documenting whats been working in my business & the 100s of mobile home investors helped nationwide. Learn FREE how other investors are making quick profits flipping/wholesaling or long term cash-flow with mobile homes in parks and on private land.
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Do you want access to John Fedro, mobile home investing step-by-step detailed instructions, lessons, recorded phone calls to buyers, sellers, and park manager? How about contracts, scripts, checklists, cheat-sheets, deal analysis software for mobile homes you find? Hard work is required!! Find out more if this is right fit for you at the link below.
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#mobilehomeinvesting #johnfedro #mobilehomeformula

In this video John tours 3 used mobile homes. We also discuss how your exit strategy, repairs, and the local population may all affect your selling procedure and profits. #mobilehomeinvesting

Do not over-improve a property if unneeded. Do not overspend. Pass these saving along to your buyers.

Link to video adding more mobile homes to a park: https://youtu.be/sp0io4QGYx4

For more mobile home investing information please mosey over to https://www.mobilehomeinvesting.net/mobile-home-repairs-give-highest-return/
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