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RFG wants to partner with you during your real estate investment journey throughout your fix-to-flip, fix-to-rent, and ground up construction projects. As a starting point, we work to provide you with useful information, via this newsletter, to support your efforts.
Buyers Abound!
Redfin is heralding some great news: “Homebuyers locked in nearly 70% more mortgages than they did a month earlier on September 23, five days after the Fed cut interest rates for the first time in four years.
That’s according to mortgage-rate lock data from Optimal Blue.” So get your properties in order if a project is underway, or get off the sidelines and proceed with your real estate investment to take advantage of this better sellers’ environment.
What the Fed's Rate Cut Means for Housing: Insights from NAHB
In the latest episode of Housing Developments, NAHB CEO Jim Tobin and COO Paul Lopez discuss the recent Federal Reserve rate cut and its impact on housing.
The Fed reduced rates by 50 basis points, with two more rate cut opportunities expected this year. Tobin and Lopez also explore how policymakers can encourage housing growth amid the changing economic landscape.
The National Association of Home Builders has published an interesting graphic showing, regionally, where porches are popular, along with a surprising statistic that over two-thirds of homes in 2023 feature front porches.
So if you were considering removing an existing one, perhaps that is not a great idea. And if you were considering adding one, perhaps that is: “Porches continue to rank as the most common outdoor feature on new homes, according to NAHB tabulation of the latest data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau with partial funding from HUD). Of the roughly 950,000 single-family homes started in 2023, the SOC data show that 67.7% were built with porches.”
Click the link below to check out the article and view the national graphic showing this information by Census division.
Now that you’ve shored up your exterior look, take a look at these 14 interior design trends that Better Homes & Gardens predicts will be huge in 2025. In the roundup, everything from color trends to the latest popular materials is included.
The article explains that 2024 has been “anti-trend” before saying, “So it’s been a bit of a weird year for trends, but what does 2025 hold? We asked top designers what they are predicted will be huge next year, and if the same attitude to ditching trends will continue.”
Read the article to decide if there are any ideas you want to incorporate so you can attract a new resident for your investment property ASAP.
Jennifer and Lou's Fix-to-Flip: Turning a Small Home into a High-Value Property That Sold in Just 3 Days
Jennifer and Lou took on a unique fix-to-flip project involving a small home on 4 acres surrounded by valuable horse farms. They significantly added value by finishing the basement and rehabbing the barn. Despite an unexpected $15K septic system cost, their conservative budgeting kept the project on track. The property sold for the full asking price just 3 days after being listed.
Tip of the week We are excited to share a new logistics-related rehab tip every week! This area can be relied on for helpful information, such as how you can be more efficient and productive throughout your flipping or new-build journey, or ideas to increase your potential ROI. By highlighting something that potential buyers/renters are likely to find appealing, RFG hopes to ultimately make your outcome more successful and profitable.
Décor Ideas to Skip
Are you on the fence about a decorating idea that you saw somewhere online or even in person? This article posted by The Spruce is titled “5 Decor Trends Designers Regret Trying in 2024” and might even make you think twice before automatically jumping onto the “open concept” bandwagon when you decide what to do with the residence you plan to update or create.
Is your short-term loan about to end or mature in the next 90 days? Convert it into a long-term investment loan with ease. Click hereto learn how to secure a 30-year financing option that fits your needs perfectly. Let’s turn your property into a lasting investment!
Rehab Financial Group is here to help investors excel in their rehab and development endeavors. Contact us today to explore how we can meet your financing needs.
