US home flipping profits hit lowest level since 2008
Profits from flipping have steadily eroded over the past decade. In fall 2012, the average return on investment was nearly 63%.
Affordability
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Help exists for cash-strapped homebuyers — but many don’t know it
Three experts — a former agent, an economist and a down payment program founder — talk about the decline in housing affordability and what help is out there.
$67K to sell a home? Consumers drastically underestimate the costs
More than half of respondents were surprised by costs and nearly a quarter went into debt. Forty percent reported financial strain.
Household income climbs in some big cities, outweighed by inflation in others
Modest income increases failed to keep pace with the roughly 3% inflation rate, meaning many households effectively lost buying power.
Investor home purchases hit lowest second-quarter level since 2020
The decline comes as investors face the same pressures as individual buyers; high borrowing costs, elevated prices and economic uncertainty.
Homeownership among Black Americans drops to 4-year low
Results were down roughly 1.5% from this time last year and marked the steepest annual decline since the third quarter of 2021.
US housing market value hits record $55T, but growth is slowing
New York posted the biggest gain — equal to about one-quarter of the nation’s increase — while values in Florida and California fell.
Los Angeles ‘mansion tax’ fuels record affordable housing funding
Most of the money — $316 million — comes from Measure ULA, a transfer tax on property sales above $5 million that voters approved in 2022.
HUD Innovative Housing Showcase begins Saturday
Exhibits include entire model homes — ranging from manufactured and modular to 3D-printed — developed by companies from across the U.S.
Housing market risk steepest in southern, western areas
Of the 50 riskiest counties, 14 were in California and seven were in Florida. New Jersey had five and Louisiana had four.