buy-to-rent boom,” HousingWire (July 31, 2013)
Conclusion
Based on all of the information suggesting that a second dip may occur – its hard to trust the mainstream media claiming positive developments left and right – we are not out of the woods yet. It will be critical to pay attention to real estate developments and developing lender rules in the next 6-12 months. But for now, anything rent related is a safe bet.
- Out of the 100 markets analyzed, 32 had declining flipping numbers, including perennial flipping hot spots like Las Vegas, Phoenix, Southern California and Atlanta. Still flipping was on the rise in more than two-thirds of the markets, including New York, Washington, D.C., Chicago and several Florida metros," according to Blomquist.
- Foreclosed, Short-sold inventory is being flipped at an increasing rate – which has been responsible for reduction of distressed properties but has not restored what was lost.
