Potential Markets | Paces Funding

1 08, 2020

Bidding Wars in May and June Driven by Low Mortgage Rates, Low Inventory, Says Redfin

Paces Funding2020-07-20T23:12:23-04:00August 1st, 2020|Categories: Investment, Investment Properties, Potential Markets, Real Estate, Selling, Tips|Tags: Bidding Wars, Blog, Blogs, Low Mortgage Rates, Trends|

June marks the second-straight month that over half of home offers submitted by real estate brokerage Redfin contended with multiple bidders. Nationwide, nearly 54 percent of Redfin home offers were engaged in bidding wars in the month of June—an increase from just under 52 percent in May and 44 percent in April, Redfin reported on its website. Bidding wars are being driven by low mortgage rates and low home inventory. Redfin Economist Taylor Marr said, “Bidding wars continue to be fueled by historically low mortgage rates and fewer homes up for sale.” He added, “It’s like a game of musical

27 07, 2020

Nearly 30 Percent of Homebuyers Plan to Relocate to Small Metro Areas, Even More to Suburbs. Here’s Why

Paces Funding2020-07-20T23:01:17-04:00July 27th, 2020|Categories: Potential Markets, Real Estate, Selling|Tags: Blog, Coronavirus, COVID-19, Moving, Relocating|

Twenty-seven percent of homebuyers plan to relocate to smaller metro areas as a result of the Coronavirus pandemic. Data from real estate brokerage Redfin showed that 27 percent of more than 1 million homebuyers on its site looked to move to smaller metro areas in April and May. Good to know as you scout for your next flip. Similarly, a report from Realtor.com released in late June showed that house hunters in over half of the nation’s 100-largest metro areas are focusing their attention on the suburbs in those areas, as evidenced by listing views for suburbs in the month

22 06, 2020

These 2020 Paint Color Trends Will Attract Home Buyers

Paces Funding2020-06-15T14:16:48-04:00June 22nd, 2020|Categories: Flipping, Home Improvements, Home Upgrades, Potential Markets, Remodeling Tips, Tips|Tags: Home Buyers, Home Improvement, Home Improvements, paint, Paint Colors, Trends|

The home improvement website Fixr annually polls remodeling experts about the latest home trends. This year the organization asked experts about the paint colors they feel will trend this year. Here’s what they found. Most Popular Interior Paint Colors: Cool Neutrals Cool neutrals, which include shades like light gray, taupe, and white, won the day for most popular interior paint colors with 57 percent of remodeling experts choosing them over warm neutrals, jewel tones, and pastels. Cool neutrals are perfect for making spaces appear larger and more open, and they have universal appeal. Most Popular Exterior Paint Colors: White and

25 05, 2019

Home Flippers Need To Know About Zillow Offers

Paces Funding2024-06-17T12:40:59-04:00May 25th, 2019|Categories: Flipping, Florida, Georgia, Hard Money, Income, Investing, Investment, Investment Properties, Investments, Potential Markets, Real Estate, Selling|Tags: home flipping, Sillow Offers, Zestimate, Zillow Instant Offers|

The online real estate marketplace Zillow has just launched a new feature called “Zillow Offers,” formerly known as Zillow Instant Offers, aimed at helping seemingly impatient sellers quickly offload their homes. Zillow Offers is a faster way to sell a property and it comes with a free comparative market analysis (CMA) from a local real estate agent. Here's how it works: You answer some simple questions about your property. You let Zillow offers know if major changes have been made that aren't in the public record. Zillow sends you an offer within two business days. You have three days to

20 05, 2019

Palatka, FL Seeing New Investment, Increasingly Attracting Homebuyers

Paces Funding2024-06-17T12:41:02-04:00May 20th, 2019|Categories: Business, Flipping, Hard Money, Home Improvements, Income, Investing, Investment, Investment Properties, Investments, Potential Markets|Tags: home flipping, home flipping markets, Investment Properties, Jacksonville House flipping, Jacksonville investment properties, Palatka, real estate markets|

Palatka, the county seat of Putnam County is centrally located between Jacksonville, Gainesville, St. Augustine, and Daytona Beach. A couple of years ago, the Washington Post reported that Palatka was a dying city. We're happy to report that Palatka seems to have cheated death and is now increasingly attracting home-buyers looking for less congestion. This new investment front might be an area our clients want to check out. The Palatka real estate market has notably increased, especially among first-time home-buyers and empty nesters looking to downsize. So, keep these demographics in mind when scouting for homes to flip. The average

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Bidding Wars in May and June Driven by Low Mortgage Rates, Low Inventory, Says Redfin

Nearly 30 Percent of Homebuyers Plan to Relocate to Small Metro Areas, Even More to Suburbs. Here’s Why

These 2020 Paint Color Trends Will Attract Home Buyers

Home Flippers Need To Know About Zillow Offers

Palatka, FL Seeing New Investment, Increasingly Attracting Homebuyers

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