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More Investors Renting Not Flipping
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You're Now Reading:
More Investors Renting Not Flipping
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
More Investors Renting Not Flipping
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Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

August 30, 2011 (Jeff Alan)

The struggling housing market is forcing investors to change their business model from buying homes and flipping them for profit to buying homes and renting them out according to the latest Campbell/Inside Mortgage Finance HousingPulse Market Survey.

Many of the same economic realities that home sellers are facing today have bestowed the investor market. The inability of investors to resell homes in the current market, even at the discount prices that many buy homes for, has reduced their level of participation in the housing market.

Investors accounted for only 19.6 percent of purchase transactions in July, down from a 23.0 percent market share as recently as April with July’s activity at the lowest levels seen in the last twelve months.

Campbell Surveys estimates that in the month of July, 48 percent of the properties acquired by investors will ultimately end up as rentals compared to 28 percent in July of 2010.

First time homebuyers made a slight comeback in the market in July, scooping up 36.9 percent of the homes sold. That was up from 35.4 percent in June.

Distressed property sales also increased in July accounting for 46.2 percent of purchase transactions compared to 44.7 percent in June.

The gap between first-time homebuyers and the distressed property supply was 9.3 percentage points in July which was unchanged from June. The difference in the gap is important because unlike current home owners who are move up and move down buyers and thus don’t absorb any housing, they’re just trading a house for a house, first-time homeowners absorb housing supply and when the supply of distressed properties exceeds the demand from those first-time homebuyers, investors will step into the market and purchase the excess housing inventory at discount prices, which puts further downward pressure on home prices.

Real estate agents who responded to the July survey indicated that the debt ceiling debate negatively affected home buying activity in July with buyers feeling uneasy about purchasing homes at the time.

Tags: Campbell/Inside Mortgage Finance, HousingPulse Tracking Survey, Distressed Property Index, distressed properties, first-time homebuyers, distressed properties, investors

Source:
Campbell/Inside Mortgage Finance

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
LOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at LoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

August 30, 2011 (Jeff Alan)

The struggling housing market is forcing investors to change their business model from buying homes and flipping them for profit to buying homes and renting them out according to the latest Campbell/Inside Mortgage Finance HousingPulse Market Survey.

Many of the same economic realities that home sellers are facing today have bestowed the investor market. The inability of investors to resell homes in the current market, even at the discount prices that many buy homes for, has reduced their level of participation in the housing market.

Investors accounted for only 19.6 percent of purchase transactions in July, down from a 23.0 percent market share as recently as April with July’s activity at the lowest levels seen in the last twelve months.

Campbell Surveys estimates that in the month of July, 48 percent of the properties acquired by investors will ultimately end up as rentals compared to 28 percent in July of 2010.

First time homebuyers made a slight comeback in the market in July, scooping up 36.9 percent of the homes sold. That was up from 35.4 percent in June.

Distressed property sales also increased in July accounting for 46.2 percent of purchase transactions compared to 44.7 percent in June.

The gap between first-time homebuyers and the distressed property supply was 9.3 percentage points in July which was unchanged from June. The difference in the gap is important because unlike current home owners who are move up and move down buyers and thus don’t absorb any housing, they’re just trading a house for a house, first-time homeowners absorb housing supply and when the supply of distressed properties exceeds the demand from those first-time homebuyers, investors will step into the market and purchase the excess housing inventory at discount prices, which puts further downward pressure on home prices.

Real estate agents who responded to the July survey indicated that the debt ceiling debate negatively affected home buying activity in July with buyers feeling uneasy about purchasing homes at the time.

Tags: Campbell/Inside Mortgage Finance, HousingPulse Tracking Survey, Distressed Property Index, distressed properties, first-time homebuyers, distressed properties, investors

Source:
Campbell/Inside Mortgage Finance

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
LOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at LoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

August 30, 2011 (Jeff Alan)

The struggling housing market is forcing investors to change their business model from buying homes and flipping them for profit to buying homes and renting them out according to the latest Campbell/Inside Mortgage Finance HousingPulse Market Survey.

Many of the same economic realities that home sellers are facing today have bestowed the investor market. The inability of investors to resell homes in the current market, even at the discount prices that many buy homes for, has reduced their level of participation in the housing market.

Investors accounted for only 19.6 percent of purchase transactions in July, down from a 23.0 percent market share as recently as April with July’s activity at the lowest levels seen in the last twelve months.

Campbell Surveys estimates that in the month of July, 48 percent of the properties acquired by investors will ultimately end up as rentals compared to 28 percent in July of 2010.

First time homebuyers made a slight comeback in the market in July, scooping up 36.9 percent of the homes sold. That was up from 35.4 percent in June.

Distressed property sales also increased in July accounting for 46.2 percent of purchase transactions compared to 44.7 percent in June.

The gap between first-time homebuyers and the distressed property supply was 9.3 percentage points in July which was unchanged from June. The difference in the gap is important because unlike current home owners who are move up and move down buyers and thus don’t absorb any housing, they’re just trading a house for a house, first-time homeowners absorb housing supply and when the supply of distressed properties exceeds the demand from those first-time homebuyers, investors will step into the market and purchase the excess housing inventory at discount prices, which puts further downward pressure on home prices.

Real estate agents who responded to the July survey indicated that the debt ceiling debate negatively affected home buying activity in July with buyers feeling uneasy about purchasing homes at the time.

Tags: Campbell/Inside Mortgage Finance, HousingPulse Tracking Survey, Distressed Property Index, distressed properties, first-time homebuyers, distressed properties, investors

Source:
Campbell/Inside Mortgage Finance

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
LOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.