Contents
FEATURED ARTICLE
Interest in foreclosures is heating up in 2017 even as the foreclosure market dries up, pushing investors and other housing bargain hunters to dig deeper for new sources of real estate deals. Housing News Report interviewed experts from Boston to Southern California and many locales in-between to find what new sources those experts are tapping to find the best deals in the distressed-deficient 2017 housing market. P1 FINDING REAL ESTATE DEALS WHEN DISTRESS DRIES UP
P10 MY TAKE: MIKE FRATANTONI, MBA
Mike Fratantoni, chief economist with the Mortgage Bankers Association, outlines the trade organization’s proposal for GSE reform and the rationale behind the proposal, which was drafted by the MBA’s Task Force for a Future Secondary Mortgage Market. The proposal seeks to balance the sometimes-competing priorities of taxpayer protection and investor returns, while holding down consumer costs and preserving consumer access to credit.
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P15 BIG DATA SANDBOX: SINK OR SWIM
As U.S. home prices steadily rise, millions of U.S. homeowners who were once underwater on their mortgages are no longer underwater even while millions of U.S. homeowners each year are now swimming in a pool of newfound home equity riches. This trend of rising home equity wealth, however, is highly uneven across the country and even within local markets from zip code to zip code, as this infographic illustrates.
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P16
Flipping — as an investment strategy — may indeed be out in North Carolina for the most part due to the lack of properties and increased competition around the state. That is not to say that flipping properties is a total no go in North Carolina, but many experts Housing News Report interviewed across the state recommended a two- pronged strategy involving buy-and-hold for cash flow in the short term with the option to sell and reap the rewards of rising home prices in the longer term. P16 SPOTLIGHT: FLIPPING OUT IN THE TAR HEEL STATE
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P24 DATA IN ACTION: PROPERTY TAXES BY STATE AND COUNTY
Property taxes levied on U.S. single family homes in 2016 totaled $277.7 billion, an average of $3,296 per home and an effective tax rate of 1.15 percent, according to an analysis of property tax assessor data for more than 84 million single family homes by ATTOM Data Solutions. See where your state and county ranked for the year and what other markets offer a lighter property tax burden.
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