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It might seem that fix and flip lending won't be as profitable as in the past now that the market is more saturated and other conditions are less favorable. This isn't necessarily the case. Since any type of real estate is a numbers game, fix and flip investors can still create a successful business under the right conditions.

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Fix and Flip Lending by the Numbers

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Currently, the state of affordable housing in the U.S. is grim, according to a report from the Joint Center for Housing Studies at Harvard University. The rule of thumb for affordable housing has long been the percent of income spent, with around 30 percent considered a good average, leaving a robust amount of disposable income for other necessities. But almost 50 percent of renters spent more than 30 percent of their income on housing costs, meaning they are considered cost burdened.

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The housing market in 2018 had its benefits for both buyers and sellers. Buyers were able to take advantage of lower interest rates toward the first half of the year, and sellers capitalized on skyrocketing home prices and the competition among buyers to snap up a smaller supply of homes for sale. As we move into 2019, some of these factors have shifted slightly, which will again affect buyers and sellers in different ways.

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Think that single men are more likely to own their own home than single women? Think again. In the most current figures, a surprisingly higher percentage of single women owned their homes than single men did. The data is based on the 2017 U.S. Census Bureau’s American Community Survey. It looked at single owner homes occupied by their owners, divided by gender. In metropolitan areas, on average, women own 22% of homes, compared to 13% of men.

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As of January 1, 2019, the caps on Federal Housing Administration (FHA) loans will be rising across much of the United States. The climb is driven by the increase in the Federal Housing Finance Agency (FHFA) conventional mortgage loan limit for the new year, which is in turn spurred by climbing median home prices in many places throughout the country.

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Both property owners looking to sell and lenders need to be aware of how code violations affect them.

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As interest rates continue to rise and consumers watch an increasingly volatile market, it appears that a larger number of borrowers may choose to sit on the sidelines in the coming year. The Mortgage Bankers Association has released its Mortgage Finance Forecast for October 2018, predicting a dip in mortgage originations in 2019.

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The U.S. midterm elections ended with the Republican Party maintaining control of the U.S. Senate, but the Democratic Party gaining control of the House. As a result, a Congress once controlled by one party is now divided.

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Home Prices Continue to Increase Nationally and Across Regions

Home prices continue to climb across the country, according to the National Association of Realtors data for September, which was released recently. The median existing-home price nationally was $258,100 in September, a rise of 4.2% from September 2017’s median of $247,600.

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Since 2008, total student loan debt outstanding in the United States has grown 130 percent, to equal $1.5 trillion as of the second quarter of this year. Currently, student loan debt is responsible for 42 percent of all outstanding consumer debt.

The amount of student loan debt outstanding has risen 130 percent since 2008.

Student Loan Debt Impacting Home Ownership for an Increasing Number of People

These figures have been in the headlines for some time. A new survey, though, shows how much of an impact student loan amounts and debt service is having on homeownership. Simply put, student loan debt is impeding the move toward homeownership for a number of people across the country.

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