W. J. Mencarow

Zillow to Stop Flipping Homes Due to Massive Losses

Published by MarketWatch | November 2, 2021 “We’ve determined the unpredictability in forecasting home prices far exceeds what we anticipated and continuing to scale Zillow Offers would result in too much earnings and balance-sheet volatility,” CEO tells investors. Zillow Group, Inc. is calling it quits on the home-flipping business, while disclosing losses of more than …

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10 Markets Where Home Prices Are Surging Most

Published by REALTOR Magazine | October 26, 2021 Many markets have seen double-digit percentage price growth since the pandemic began. Housing demand has been on fire amid the pandemic, and home prices have skyrocketed in response. Many markets have seen double-digit percentage price growth since the pandemic began. For example, in Rochester, N.Y., where home …

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Fall’s 20 Strongest Markets for Home Buyers, Investors

Published by REALTOR Magazine | October 20, 2021 Keep your eye on Elkhart-Goshen, Indiana—it may be the best market in the U.S. for homeowners and investors, according to the latest Wall Street Journal/Realtor.com® Emerging Housing Markets Index. The index, which covers 300 of the largest metro areas in the U.S., weighs several housing variables, including …

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FHFA: Desktop Appraisals to Become a Permanent Option

Published by REALTOR Magazine | October 19, 2021 The physical presence of an appraiser is no longer necessary to determine a home’s value. The Federal Housing Finance Agency will accept appraisals conducted remotely—without the physical presence of an appraiser—starting in early 2022 for qualifying Fannie Mae– or Freddie Mac–backed mortgages. The government-sponsored enterprises will use …

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NY Times: Suburban De-Zoning Doubles Housing Prices

Published by Breitbart | October 13, 2021 California’s decision to end single-family suburban zoning is doubling property prices almost overnight, according to the New York Times. The decision to end single-family zoning was made to help provide lower-cost housing for millions of Americans and migrants. But the result is that many adult Americans now cannot afford …

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California Eliminating Single Family Homes, Enriching Multi-Unit Developers

Published by Breitbart | October 13, 2021 A pillar of the American Dream is under assault across the country, but nowhere is it more pronounced than in California. Social justice activists and Democrat Gov. Gavin Newsom are invading single-family home neighborhoods with plans to replace them with multi-unit properties. A brochure for a San Diego …

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Investors Bet Flexible Leases Are a Lasting Trend

Published by REALTOR Magazine | October 6, 2021 Remote work sparked a demand for short-term housing with flexible terms. Investors believe one pandemic-related trend will offer up long-term results: short-term apartment leases. They’re rushing to invest in such buildings that can offer flexible short-term apartment rentals, even as more workers return to the office. Over …

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