{"id":12170,"date":"2017-09-19T14:51:39","date_gmt":"2017-09-19T14:51:39","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=12170"},"modified":"2017-09-19T14:51:40","modified_gmt":"2017-09-19T14:51:40","slug":"home-flippers-face-hurdles-tight-markets","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/home-flippers-face-hurdles-tight-markets\/","title":{"rendered":"Home Flippers Face Hurdles in Tight Markets"},"content":{"rendered":"<h1>Home Flippers Face Hurdles in Tight Markets<\/h1>\n<p>&nbsp;<\/p>\n<div id=\"attachment_12171\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/www.anthonydidonato.net\/wordpress\/2017\/09\/19\/home-flippers-face-hurdles-tight-markets\/attachment\/09192017\/\" rel=\"attachment wp-att-12171\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12171\" class=\"size-full wp-image-12171\" src=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2017\/09\/09192017.jpg\" alt=\"Home Flippers Face Hurdles in Tight Markets\" width=\"1024\" height=\"576\" \/><\/a><p id=\"caption-attachment-12171\" class=\"wp-caption-text\">Home Flippers Face Hurdles in Tight Markets<\/p><\/div>\n<p>In the second quarter of this year, 5.6 percent of all home sales were flips, according to ATTOM Data Solutions\u2019 <a href=\"https:\/\/www.attomdata.com\/news\/home-flipping\/q2-2017-u-s-home-flipping-report\/\" target=\"_blank\" rel=\"noopener\">Q2 2017 U.S. Home Flipping Report<\/a>. The report defines a flip as a property that is sold for the second time within a 12-month period.<\/p>\n<p>As housing inventory remains low and buyers get more competitive, home flippers are employing a number of strategies to gain an edge and improve their ROI, says Daren Blomquist, senior vice president at ATTOM Data Solutions. \u201cMany flippers are gravitating toward lower-priced areas where discounted purchases are more readily available\u2014often due to foreclosure or some type of distress,\u201d Blomquist says. \u201cMany of these lower-priced areas also have strong rental markets, giving flippers a consistent pipeline of demand from buy-and-hold investors looking for turnkey rentals. In the markets where distressed discounts have largely dried up, flippers are showing more willingness to leverage financing when acquiring properties, often purchasing closer to full market value and then relying more heavily on price appreciation to fuel their flipping profits.\u201d<\/p>\n<p>More than 35 percent of homes flipped in the second quarter were originally purchased by a buyer with financing, the highest level in nearly nine years. The estimated total dollar value of financing for homes flipped in the second quarter was $4.4 billion\u2014also a nearly 10-year high, according to ATTOM Data Solutions\u2019 report. The highest share of home flips purchased with financing in the second quarter were in Colorado Springs, Colo. (68.4%); Denver (56.1%); Boston (53.3%); Providence, R.I. (51.7%); and San Diego (49%).<\/p>\n<p>Meanwhile, one in four home flips nationwide were sold to cash buyers during the second quarter, and 18 percent were sold to FHA buyers, the study shows. Nevada posted the highest home flipping rate in the nation during the second quarter, with 8.4 percent of all home sales being flips. Washington, D.C., followed with 8.2 percent, Maryland at 7.4 percent, Tennessee at 7.3 percent, and Alabama at 7.3 percent.<\/p>\n<p><em>Source: ATTOM Data Solutions<a href=\"https:\/\/www.attomdata.com\/news\/home-flipping\/q2-2017-u-s-home-flipping-report\/\" target=\"_blank\" rel=\"noopener\"><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home Flippers Face Hurdles in Tight Markets &nbsp; In the second quarter of this year, 5.6 percent of all home sales were flips, according to ATTOM Data Solutions\u2019 Q2 2017 U.S. Home Flipping Report. The report defines a flip as a property that is sold for the second time within a 12-month period. As housing &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/home-flippers-face-hurdles-tight-markets\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-12170","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Home Flippers Face Hurdles in Tight Markets - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/home-flippers-face-hurdles-tight-markets\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-flippers-face-hurdles-tight-markets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-flippers-face-hurdles-tight-markets\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Home Flippers Face Hurdles in Tight Markets\",\"datePublished\":\"2017-09-19T14:51:39+00:00\",\"dateModified\":\"2017-09-19T14:51:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-flippers-face-hurdles-tight-markets\\\/\"},\"wordCount\":345,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-flippers-face-hurdles-tight-markets\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2017\\\/09\\\/09192017.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-flippers-face-hurdles-tight-markets\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-flippers-face-hurdles-tight-markets\\\/\",\"name\":\"Home Flippers Face Hurdles in Tight Markets - 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. 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