WILL OPPORTUNITY ZONES BOOST AMERICA’S DISTRESSED NEIGHBORHOODS?
Based on the assumption that money is the magic ingredient for community success, we’re seeing an uptick in “opportunity zones” where investors can infuse cash into an area in exchange for tax breaks. Across the country, some 8,700 “opportunity zones” have been created, bringing in billions of dollars in new investment. Housing News Report takes a look at the emerging rules, risks and rewards associated with the O-Zone trend.
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24 MARKET SPOTLIGHT Investors Still Finding Success in the Middle While the foreclosure crisis hit the periphery of the nation hard, many markets in the middle of the country experienced far less volatility. Middle markets such as Chicago, Denver, Kansas City, Oklahoma City and Saint Louis are still profiting from greater stability, creating a favorable business
Designed for the Conveniences of Today: Even Real Estate Transactions Can Be Done From Home As consumer trends around the world are evolving to more of an on-demand model, so is the way real estate is bought and sold. In this issue, Guest Contributor Brian Blair, CEO and Founder of Offerpad, talks about how it’s now easier than ever for consumers to buy or sell a house from their favorite spot on the couch.
Where are the ZIPs that are Drowning vs. Those that are Bouyant? In the first quarter of 2019, there were more than 5.2 million seriously underwater properties in the U.S. according to ATTOM Data Solutions. In this issue, we highlight the ZIPs that are drowning vs those where equity is saturated. 23 BIG DATA SANDBOX
climate for investors. Housing News Report talks with veteran investors in these five markets about how they have continued to thrive by tweaking their business models as market demands have changed.
The U.S. Housing Markets Seriously Underwater vs. Equity Rich According to ATTOM Data Solutions’ most recent Home Equity & Underwater Report, more than 5.2 million U.S. properties were seriously underwater (where the combined balance of loans secured by the property was at least 25 percent higher than the property’s estimated market value) at the end of Q1 2019, down up more than 17,078 properties from a year ago. This analysis looks at which markets had the highest share of seriously underwater properties as well as the highest share of equity rich properties. 20 DATA IN ACTION
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