Manhattan condo flippers forced to consider long-term strategies

With a large influx of high-end condos hitting the New York City real estate market, investors are wise to get choosier on their property picks, analysts say. The current market doesn’t fare to quick turnaround profits as it did a few years ago, when condo flippers could expect 30 percent profits. Still, in 2015, the average deal netted a 15 percent profit, according to Crain’s New York Business …

Manhattan condo flippers forced to consider long-term strategies

With a large influx of high-end condos hitting the New York City real estate market, investors are wise to get choosier on their property picks, analysts say. The current market doesn’t fare to quick turnaround profits as it did a few years ago, when condo flippers could expect 30 percent profits. Still, in 2015, the average deal netted a 15 percent profit, according to Crain’s New York Business …

Illinois Association of Realtors predicts Chicago real estate to climb in 2016

Last year, on a year-over-year basis, the city of Chicago saw a nearly 8 percent rise in total home sales coupled with a 7 percent spike in median price, according to the Illinois Association of Realtors. This year all indicators–primarily inventory l…

Illinois Association of Realtors predicts Chicago real estate to climb in 2016

Last year, on a year-over-year basis, the city of Chicago saw a nearly 8 percent rise in total home sales coupled with a 7 percent spike in median price, according to the Illinois Association of Realtors. This year all indicators–primarily inventory l…

Santa Clarita Valley home sales activity reached a 9-year high in during 2015, says Southland Regional Association of Realtors

Last year represented the best 12-month period for Santa Clarita Valley home sales and values since 2006 and 2007, respectively. According to the Southland Regional Association of Realtors (SRAR), a total of 2,451 single-family homes sold in Santa Clar…

5 reasons smart investors choose older housing stock

For many people, buying a new home doesn’t mean buying a new home at all. Whether the home was built 10 years ago or an 110 years ago, existing housing stock is a popular choice for a lot of reasons — not the least of which is the fact that it’s right…

Lose the commission cutting battle to win the condo HOA war

Urban legend says: maintaining relationships within a high-rise can yield an agent $20,000 to $25,000 a year. I recently had a young agent ask me how she could “get in on that?” As I was about to impart wisdom, she was distracted by her phone and spent…

5 condo deal-killers that smart agents can avoid

This short guide will give you a clear road map to avoid issues when using FHA financing for condos. Many of these rules also apply when putting less than 25 percent down on a condo using conventional financing for a primary residence or a 30 percent d…

Santa Clarita descends from its peak

The northern Los Angeles submarket of Santa Clarita Valley is unlikely to see a rise in home sales activity or median prices during the coming months. The market, which primarily includes the city of Santa Clarita – population 213,000 – has seen sales …

Looking to invest? Apartments are the way to go

Young people and retirees are both going to be flocking to apartment buildings in the next few years as they respectively leave the family nest or sell up family homes in the suburbs, according to leading real estate economist Ken Rosen this week. As chairman of University of California at Berkeley’s Fisher Center for Real Estate & Urban Economics and Professor Emeritus at the Haas School of Business, Rosen gave his economic outlook for real estate at this week’s 38th Annual Real Estate & Economics Symposium held in San Francisco …