Empire Investment Solutions

Empire Investment Solutions Real Estate Investor Hard Money Loan Broker

04/05/2018

*REAL.ESTATE UPDATE*
Home prices in the U.S. continued to rise in February, a new report showed.

According to CoreLogic, prices nationwide increased 6.7% year-over-year in February, and were up 1% from January.

The analysis showed that as family income rises more slowly than home prices and mortgage rates, 50% of the 50 largest metropolitan areas are overvalued.

But some markets experienced bigger price jumps than others.

In Washington, for example, home prices jumped by 12.5%. In Nevada, prices rose 12.2%, while Utah saw 11.1% growth in home prices over the past year. Idaho also experienced double-digit increases at more than 10%.

Among the states with the lowest growth in home prices were Oklahoma, Connecticut, South Dakota, Wyoming and Delaware.

For the major metropolitan areas, prices in Las Vegas increased the most, by 12.4%, while San Francisco followed with an increase of 9.6%. In Denver, prices rose 8.7%, while they jumped 8.5% in Los Angeles.

Meanwhile, experts think prices will continue to rise in the near future. Contributing to the sustained growth is the fact that there’s a lower supply of homes, coupled with strong demand.

Home prices are now higher than they were at the peak of the housing boom. The National Association of Realtors and Freddie Mac estimate that median price growth will accelerate by 3.5% in 2018, and in some cases will rise faster than income gains over the coming years.

Interest rates are also on the rise as the Federal Reserve continues on the path toward normalization, which has the potential to disrupt the market even further.

02/02/2018

Need to finance your next fix & flip ???

07/04/2016

Flipping Houses
While prices aren’t good for first-time buyers, they are still providing a profit for investors who focus on flipping properties. Redfin discovered that three of the neighborhoods in the country offering the best market for flipping houses were located within Los Angeles. Two of the hottest neighborhoods were Mt. Washington and Silver Lake, ranked at second and third for gains. This is the markup percentage between the purchase price and resale price.
Even though LA real estate is hot, much like the rest of the southern region, investors can locate older homes in need of improvement and make enough updates and repairs to warrant a high price at resale. They are grabbing these undesirable properties because of the potential they see in them.

Empire Investment Solutions
06/06/2016

Empire Investment Solutions

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06/06/2016

Empire Investment Solutions's cover photo

Empire Investment Solutions's cover photo
06/06/2016

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06/06/2016

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Empire Investment Solutions's cover photo
06/06/2016

Empire Investment Solutions's cover photo

Empire Investment Solutions
06/06/2016

Empire Investment Solutions

Address

3632 Smith AVe #125
Acton, CA
93510

Telephone

(661) 505-0088

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