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FEATURED ARTICLE
Nearly six months into the tumultuous presidency of Donald J. Trump, an already red-hot real estate market is burning even hotter despite the lack of any major housing policy changes enacted by the new administration or its allies on Capitol Hill. And key housing trends so far in 2017 are even stronger in Trump-won counties than in Clinton-won counties. Is this Trump housing built to last or built purely on bombast and therefore bound to fall flat? P1 TRUMP HOUSING BUMP: BUILT TO LAST OR PURELY BOMBAST? Since buying his first investment property more than 15 years ago, Josh Cantwell has evolved from being a real estate investor to being a money magnet for real estate investing in his hometown of Cleveland and across the country. He shares 12 steps other real estate investors can take to follow his blueprint of success, which has allowed him to buy and sell more than 700 properties since 2003 and fund more than 200 property deals for clients, coaching students, and friends since 2015. P9 MY TAKE: BECOME A REAL ESTATE INVESTING MONEY MAGNET
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P14 BIG DATA SANDBOX: THE HOME FLIPPING PYRAMID
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More than two-thirds of the 44,000 single family home and condo flips in Q1 2017 were by investors who completed just one flip during the quarter, and those mom-and-pop investors tended to pay more upfront and take longer to complete the flip compared to larger investors completing multiple flips. Mom-and-pop investors were also more likely to finance the purchase of a home flip compared to larger investors.
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P15 SPOTLIGHT: FLIPPING TO RENT IN MEMPHIS
Memphis is the epicenter of an emerging trend in home flipping — flip-to-rent. The metro area posted the nation’s highest home flipping rate in the first quarter of 2017 — even surpassing its previous home flipping peak in Q1 2004. But only 8.1 percent of homes flipped in Memphis went to FHA buyers, typically first-time homebuyers, despite the market’s reasonably priced homes. Instead other investors are buying these flipped homes as turnkey rentals, a trend that could spread to other markets.
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P22 DATA IN ACTION: HOTTEST HOME FLIP ZIPS HEAT MAP
Flipped homes accounted for at least one in every five home sales in 72 U.S. zip codes in the first quarter of 2017 — well above the national average of 6.7 percent of all home sales that were flips in the first quarter, according to the ATTOM Data Solutions Q1 2017 U.S. Home Flipping Report. This interactive heat map provides detailed data on thousands of zip codes nationwide so you can see the latest home flipping trends in your local market and others across the country.
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