Inflation-Proof Pricing: 11 Homes for Sale Priced Below $100K

Inflation-Proof Homes under $100K

Realtor.com

Sticker shock is everywhere—from the grocery store to the gas station—all thanks to odious inflation-related price hikes.

High prices for everyday goods have the squeeze on budgets nationwide, so we went out in search of savings. And we have 11 reasons to feel good. While home costs are still crazy high, we were able to find 11 homes on the market priced below $100,000.

Of course, there are caveats: If you’re looking for a brand-new home or the upscale perks of a luxury residence, these more modest domiciles won’t fit the bill.

However, many of these budget-friendly older homes have been recently remodeled. Or the price is so low, you’ll have funds left over to spring for a few of your own personal touches.

If you’re considering becoming a homeowner for the first time, searching for an investment property, or looking for a fresh start in a new location, we urge you to take a tour of these inexpensive residences.

These inflation-proof prices are too good to pass up—and they probably won’t last long.

815 N. Royal Ave., Florence, AL

Price: $89,900
Here’s the deal:
Built in 1948, this charming two-bedroom abode maximizes its 816 square feet.

The living area extends out to a petite porch, and there’s space for a laundry room and a pantry or mudroom. Fenced and landscaped, the property also features a one-car carport and storage shed or workshop. It’s located less than a mile from downtown.

Florence, AL

Realtor.com


1730 W 8th St., Davenport, IA

Price: $78,500
Here’s the deal:
Here’s a great option for a remote-work headquarters. With three bedrooms—two of them on the upper floor—the floor plan offers some options.

The main-floor bedroom features original pocket doors and could easily serve as a home office. The 1,444-square-foot home also features an eat-in kitchen and a main room for living or formal dining. An attic offers additional storage space.

Davenport, IA

Realtor.com


2130 W Broadway, Hopewell, VA

Price: $95,000
Here’s the deal:
Built in 1946, this home has been updated with a fresh coat of paint, refinished wood floors, and a new roof.

Along with two bedrooms, the 870-square-foot residence includes a dining room, a living room with a fireplace, and an enclosed porch that could work as an office, gym, or sitting area.

Hopewell, VA

Realtor.com


908 Eleventh Ave., Albany, GA

Price: $79,900
Here’s the deal:
Craving a cute cottage? Here’s one that will warm your heart.

This three-bedroom dwelling features a living room with a fireplace and a large picture window. An older kitchen with a new fridge opens to a dining area and pantry. Other features include an updated bath, a washer-dryer, and a fenced yard with a double carport.

Albany, GA

Realtor.com


405 Depot St., Esbon, KS

Price: $75,000
Here’s the deal:
A beauty in blue, this two-story, four-bedroom treasure from 1915 boasts period woodwork and hardwood floors. It also offers 1,671 square feet, which means it’s just $45 per square foot.

The generous-sized living room features a wood-burning fireplace, and the dining room can be used as a family room. There’s also a sunroom, and a back porch serves as a laundry room.

A top-floor “maid’s room” could be an office, gym, or playroom. Bedrooms all feature walk-in closets. Other details of the pleasing place include hardwood floors and arched doorways. And there’s a full, unfinished basement.

Esbon, KS

Realtor.com


700 N 1st, Strasburg, ND

Price: $90,000
Here’s the deal:
Built in 1915, this 1,546-square-foot residence offers three bedrooms and three baths. Charming details include vintage woodwork, old-world doors, and a historic staircase. The main floor features an updated kitchen, large dining room, and laundry room.

There’s also an unfinished basement with a bath that could be converted into a guest room or office space. Outside, concrete has been added for a patio, and there’s a parking pad for the two-car garage.

Strasburg, ND

Realtor.com


304 W State Ave., Terra Alta, WV

Price: $85,000
Here’s the deal:
Set on a half-acre, this home from 1895 is filled with period details, including millwork, wood floors, and pocket doors. The three-bedroom home spans 1,900 square feet and will need some TLC. But at this price, you’ll have funds left over for a renovation.

Terra Alta, WV

Realtor.com


1002 Chestnut St., Muskogee, OK

Price: $85,000
Here’s the deal:
Take a gander at this updated bungalow. The move-in ready abode offers two bedrooms and one bathroom in a compact 1,000 square feet. A classic galley kitchen comes with a built-in cooktop and oven.

Other details include a living room with a decorative fireplace, a large dining room, and a front porch. The property offers a fenced backyard and a two-car garage.

Muskogee, OK

Realtor.com


46 Hyde Ave., Niles, OH

Price: $79,900
Here’s the deal:
This is one that’s hard to pass up. Built in 1912, the three-bedroom home offers a number of updates. There’s even a spacious kitchen with new countertops and cabinets. You’ll also find remodeled baths, fresh paint, and new carpet.

Newer windows allow for plenty of natural light, and the attic could be built out for additional living space.

Along with laundry, other perks include a front porch and a storage shed in the backyard. Located in a quiet neighborhood close to a nearby park, it’s being sold as is.

Niles, OH

Realtor.com


4021 NE 11th Ave., Amarillo, TX

Price: $99,000
Here’s the deal:
We fell for the cute kitchen in this remodeled pad. The two-bedroom home also includes an office that could be used as a third bedroom.

Along with a big backyard, the place comes with updated everything, such as new windows, roof, paint, and flooring. The on-trend kitchen features black-and-white counters as well as white cabinets with tons of storage. Just be prepared to add your own appliances prior to move-in.

Amarillo, TX

Realtor.com


1341 S 29th St., South Bend, IN

Price: $99,900
Here’s the deal:
With fresh, white interiors, the home feels fresh and new. Built in 1920, this three-bedroom residence features a partial basement and fenced backyard.

The updated white kitchen flows to the living and dining area. Move-in ready, it comes with window coverings, durable laminate flooring, and a sparkling bath. It’s located close to Notre Dame University, a park, and shops.

South Bend, IN

Realtor.com

The post Inflation-Proof Pricing: 11 Homes for Sale Priced Below $100K appeared first on Real Estate News & Insights | realtor.com®.

Exclusive: The Star of HGTV’s ‘Selling the Big Easy’ Urges Struggling Homebuyers To Do This One Thing

Brittany Picolo-Ramos

HGTV

Real estate agent Brittany Picolo-Ramos is back for Season 2 of HGTV’s “Selling the Big Easy.” Despite her beloved city’s nickname, the New Orleans real estate market is anything but easy. It’s been tough for homebuyers here, as in the rest of the country!

“Everything’s flying off the market,” Picolo-Ramos tells Realtor.com® in an exclusive interview.

Competition for homes is fiercer than ever, and homebuyers need a whole new playbook to get the edge, she explains. Sellers can’t just kick back, either, and need to know how to work this red-hot market to their advantage.

Curious to learn more from Picolo-Ramos on the particular state of crazy that sums up New Orleans real estate today, we talked to her about some of the wildest home features she’s seen and loved lately, her most memorable (and awkward) moments on the job, and some sage advice that frazzled and frustrated homebuyers (and sellers) should really take to heart.

I bet you see a lot of unique and beautiful homes in New Orleans. What are some of the most memorable features you’ve seen?

There are so many crazy things about houses in New Orleans. I mean, I love when people make special houses for their dogs. Also, you see some really cool cubby rooms and hidden closets and different secret features that you only get in old historic homes. And I love it when they finish out the attic, and you have all these great angles. There’s so much to love about New Orleans homes, right?

Do you have a favorite home that you’ve sold?

I sold one in this area of New Orleans called Lake View, and it was on this block called Thrasher, and it had a whole wall that was completely copper, and it was built in the midcentury, and it just is so funky and cool. And it just had all that old midcentury charm that you just love.

I also have sold a couple of historic homes. One on Britannia was this beautifully renovated mansion; you’ll actually see it in Season 2. I love all the historic features, the supertall ceilings, the beautiful historic windows, and the floor plan is just so yummy and flowing.

Part of your job is making homes look their best. What are some ways to spruce up an old house without losing character?

One of the best things to do is just paint. Paint can make or break a home. If you want to go more historic, there’s some really fun colors, and if the ceilings are higher, you can usually use a really fun, bold color. Also, really beautiful, vibrant pictures are always a great addition.

Brittany Picolo-Ramos
Brittany Picolo-Ramos shows homebuyers a beautiful bathroom.

HGTV

It’s a hard market for first-time homebuyers. Do you have any tips for people looking for their first house?

You want to make sure to get with a great real estate agent, because they’re going to help you write the best offer you possibly can, and you want to make it absolutely irresistible to the seller. So definitely make sure you have great advice.

Do you have any tips for getting an offer accepted?

You got money? ‘Cause you’re going to need it! In this market, you really do want to make sure that your offer is as clean as possible, that you are ready and you’ve got all your ducks in a row, that you’ve made sure all your financing is solid, because the last thing you want to do is find the house of your dreams and not be able to jump on it.

So obviously, make sure you have all your financing in line, make sure you have a phenomenal real estate agent to ensure that the offer is perfect, and move very quickly, because everything’s flying off the market. So if you like a house, put in an offer ASAP.

Brittany Picolo-Ramos
Picolos-Ramos working with homebuyers

HGTV

For homebuyers who are struggling and stressed out, what do you think they should do?

Make sure you’re breathing! If you don’t get a house, it’s OK. Keep looking, because the right house is out there. I always say if things don’t happen, it’s for a reason. Don’t get too worked up, because there’s always another house around the corner.

It’s a hot seller’s market, but that doesn’t mean all sellers will have it easy. What are your tips for getting the best offer?

If you are selling your home, you have to make sure that you eliminate the extra clutter that people don’t need to see. So if your house is really cute, but maybe not that big, if you have too much stuff, it’s actually going to make the spaces feel smaller.

Also, people are buying your home and they want to feel like it’s theirs and no one else has lived there. I know it sounds kind of funny. You would think, “You’re seeing me live here,” but people like to feel like it’s all new. So try to make little adjustments to make it feel as new as possible.

The post Exclusive: The Star of HGTV’s ‘Selling the Big Easy’ Urges Struggling Homebuyers To Do This One Thing appeared first on Real Estate News & Insights | realtor.com®.

President Biden Takes Aim at Racist Home Appraisals That Hurt Communities of Color

Housing discrimination laws Biden

Getty Images

President Joe Biden‘s administration is taking aim at discriminatory home appraisals that are hurting communities of color.

The U.S. Department of Housing and Urban Development announced on Wednesday morning the release of its interagency plan to level the playing field so that homes owned by people of color aren’t valued less than similar properties with white owners. Many of the recommendations in the plan are expected to be enacted by Biden’s administration.

“Homeownership gives people a pathway to build wealth. But for too long, biased appraisals have obstructed that pathway for people of color,” HUD Secretary Marcia Fudge tweeted on Wednesday morning.

The appraisal industry, which is about 97% white, has come under fire recently. Many minority homeowners have said they received low appraisals, which they challenged. When they took down photos of their families and had white friends be in their homes when the appraisers came, they said they received significantly higher home valuations.

The Interagency Task Force on Property Appraisal and Valuation Equity, which came up with the plan, was formed last summer to look into the problem and come up with solutions. Its PAVE Action Plan aims to hold the appraisal industry more accountable for biased appraisals by changing the oversight structure and improving coordination with federal enforcement agencies. It also recommends ending the algorithmic bias in appraisals by using quality controls to root out unintended bias and creating a database to better understand what’s happening in the field.

In addition, the plan would aim to make it easier for people to enter the industry and strengthen anti-discrimination training.

Homes in predominantly Black neighborhoods are underpriced about 23% compared with homes with similar amenities in white neighborhoods, according to a 2018 study from the Brookings Institution, a think tank. That’s shortchanging Black families of about $48,000.

“It’s the money people use to achieve the American dream,” says the author of the report, Andre Perry, a senior fellow at the institution. “Appraisals are just one of the practices that still have a negative effect on Black communities.”

A typical white household now has about eight times more wealth than the average Black family and five times the wealth of the average Latino family, according to the Biden administration.

That’s partly because minorities are less likely to own homes than white Americans often due to generations of systemic racism, segregation, racism, and government and lender policies that made it difficult—if not impossible—for people of color to receive mortgages or buy homes in certain communities.

Communities of color had much lower homeownership rates than white Americans. It was just 43.1% for Black Americans, 48.4% for Hispanic Americans, and 61.2% for Asian Americans in the last quarter of 2021, according to the most recent U.S. Census Bureau data. That’s compared with 74.4% for white Americans.

Generations of Americans have used homeownership to build wealth and climb into the middle class. Biased appraisals also hurt minorities by shortchanging them on what is typically a family’s largest asset. This results in having less home equity to tap into for home repairs, an emergency, or to leave to their family.

Perry believes the PAVE Action Plan will go a long way to address these disparities in appraisals.

“It’s a very positive step toward closing the value gap between homes in Black neighborhoods and homes in white neighborhoods,” says Perry. But he would have preferred it go even further.

“It’s unclear how we’re going to restore the value that’s been extracted by racism,” adds Perry. “How do you capture that value back?”

The Appraisal Institute, the trade group that represents the industry, said it was ready to work with financial and government agencies to create a more accountable process, particularly to help folks more easily have their appraisals reconsidered.

“Much work lies ahead, but we will continue to serve as a partner in support of these important goals,” Jody Bishop, president of the Appraisal Institute, said in a statement. However, she pointed out the administration’s plan “calls for significant regulatory and oversight changes, but does not outline specific plans.

“Transparency and accountability are important, but these goals should be balanced with maintaining industry independence and promoting entry into the profession,” she said.

The post President Biden Takes Aim at Racist Home Appraisals That Hurt Communities of Color appeared first on Real Estate News & Insights | realtor.com®.

Who’s Buying All the Houses? New Survey Reveals the Top Competition Right Now

Hot Housing Market

Getty Images

Just about everyone knows the housing market is blisteringly hot right now. One look on Realtor.com® will confirm there aren’t many homes for sale—and what is on the market has a supersized price attached to it.

However, even in such a challenging market, first-time homebuyers were able to beat back competition from swarms of millennials, cash-rich investors, and baby boomers looking to downsize, and purchase about a third of all of the homes for sale, according to the National Association of Realtors® annual Home Buyers and Sellers Generational Trends Report. They represented about 34% of buyers, up from 31% in the previous year.

“Given everything with the [COVID-19] pandemic and the shortage in inventory, it’s encouraging seeing younger buyers entering homeownership,” says Brandi Snowden, director of member and consumer survey research at NAR.

The report is based on a 129-question survey filled out by nearly 5,800 people who bought a home to live in between July 2020 and June 2021. Income data is from 2020.

Millennials made up 43% of homebuyers in the past year—compared with 37% in the previous one. However, older millennials, aged 32 to 41, were more likely to be selling their first homes rather than entering the market for the first time.

“Many people recognize that a house offers not only shelter but also a long-term store of wealth, which has enabled prior generations to build a solid financial foundation, and even move higher on the socioeconomic ladder,” says George Ratiu, manager of economic research at Realtor.com. “In times of rising inflation, buying a home can serve as a way to control spiraling costs, by either locking in a fixed rate or possibly minimizing monthly expenses.

“With rents also surging, many first-time buyers may lower their monthly expenses by buying a home in markets where the monthly cost of a mortgage payment is lower than comparable rent,” he says.

Who’s out there competing for homes?

In such an overheated market, with many more buyers than homes for sale, it’s good to understand the competition.

Millennials have made up the biggest percentage of homebuyers since 2014. About 81% of younger millennials, aged 25 to 31, and 48% of older millennials were first-time buyers.

“As millennials transitioned from one stage of life to the next, their preferences shifted from renting in urban downtowns to buying in the suburbs,” says Ratiu. “These trends started before the COVID pandemic but accelerated as health concerns, social distancing, and remote work became the norm. Due to the sheer size of the [generation], millennials are the dominant demographic group in today’s housing market.”

Baby boomers, many seeking their forever homes, purchased the second most properties, often competing with millennials for smaller, more affordable abodes. Younger boomers, aged 57 to 66, made up about 17% of buyers, while older boomers, aged 67 to 75, bought about 12% of homes.

They were followed by Generation X, aged 42 to 56, who made up 22% of recent buyers. These buyers were often looking for larger, trade-up homes.

The silent generation, aged 76 to 96, purchased 4% of homes, while members of Gen Z, aged 18 to 22, represented just 2% of homebuyers.

With prices hitting new highs and many sales going for well over the asking price, buyers were wealthier with a median household income of $102,000.

They were also overwhelmingly white, at 82%, and heterosexual, at 89%, of buyers. Just 6% were Black, 6% were Asian, and 7% were Hispanic. (Respondents could select multiple races, and 2% chose other.)

Nearly two-thirds were married couples. Many were two-income households, often giving these buyers an edge in affording high housing prices and the bidding wars that followed.

Single women, often living off of just one income, represented about 19% of buyers. Roughly 9% of single men were in the market as well as 9% of unmarried couples.

“While younger generations have postponed major traditional life decisions, like marriage, they recognize that buying a home does not have to be tied to a specific life stage,” says Ratiu. “Single women see real estate as an important component of economic well-being and long-term financial stability.”

Why are homebuyers braving the challenging housing market?

Even in the face of such a daunting struggle—finding a home that met their needs, coming up with the money to afford it, and prevailing in a bidding war—buyers weren’t dissuaded.

The top reasons to purchase a home—even in this crazy market—were that they wanted to own a property of their own; they wanted larger residences; they wanted to be closer to family and friends; there was a change in their family circumstances, such as a marriage, divorce, or birth of a child; or they sought a property in a better location.

However, nearly three-quarters of buyers were forced to compromise on what they wanted in a home.

About 27% of all buyers compromised on price, while 21% settled on the home’s condition. Buyers also made trade-offs on the size of their residences and their yards along with the distance from their family, friends, and jobs.

“Buyers are compromising more because of the lack of homes available to view,” says Snowden.

The overwhelming majority of buyers, 87%, took out mortgages to finance their homes. They were helped by record-low mortgage rates, which fell to the mid-2% range in late 2020 and early 2021. (Rates have since shot up over 4% on 30-year fixed-rate loans, according to Freddie Mac.)

And the median down payment was 13% of the sale price of the home.

What today’s buyers want in a home

As the pandemic dragged on, buyers continued to prefer their own space. The majority, about 82%, of home sales were for existing homes, which are previously owned abodes. Only about 15% of sales were for new construction, mostly from buyers who didn’t want to deal with renovations or problems with the house and wanted to customize their new abode.

Just 7% of sales were for townhouses and row homes, 3% were for duplexes and condos in two- to four-unit buildings, and 1% was for condos in larger buildings.

The typical home cost a median $305,000, spanned 1,900 square feet, and had three bedrooms and two bathrooms. It was built in 1993.

Despite all of the headlines screaming that city dwellers were leaving in droves, the percentage of folks buying in the cities and suburbs remained mostly unchanged over the past two years. Most buyers moved only a median 15 miles away from their previous homes—not across the country,

Just over half of all buyers, 51%, purchased in the suburbs; 21% bought in small towns; 13% purchased in cities; and 12% became homeowners in rural areas. Just 3% purchased in vacation areas.

“We’re not seeing huge differences,” says Snowden.

Home sellers are making big profits

Many home sellers made some big money off the sale of their properties, pocketing about $85,000 over what they originally paid for their abodes. They typically lived in their homes about eight years.

Sellers typically got the prices they wanted for their homes with only about a quarter reducing the list price of their properties. Their homes sold for a median $315,000.

“The steep price appreciation of the past two years topped a decade of steady price gains, the result of a growing economy and lack of meaningful new construction,” says Ratiu. “For many homeowners, even some who may have purchased fairly recently, the jump in prices meant that they were able to sell for significantly more than what they paid for their house.”

In such a hot market, only about a quarter of sellers reduced the list price of their homes.

Not surprisingly, baby boomers represented the largest percentage of home sellers, at 42%.

The post Who’s Buying All the Houses? New Survey Reveals the Top Competition Right Now appeared first on Real Estate News & Insights | realtor.com®.

Forget NYC and San Francisco—Rents Keep Shooting Up in This Part of the Country

Rising rents in sunbelt

Getty Images

Things are heating up in the Sun Belt, from Phoenix to Miami—and it’s not just the temperature.

Rents are increasing across the country at a breakneck pace, making it more difficult for renters to find affordable housing. February was the seventh straight month where rent price increases were in the double digits—costing renters nationally an average 17.1% more than what they paid last year, according to a recent Realtor.com® report.

(The report is based on studio, one-bedroom, or two-bedroom apartments, condos, townhomes, and single-family homes listed for rent on Realtor.com in February. Only the 50 largest metropolitan areas were included. (A metropolitan area includes the main city and surrounding towns, suburbs, and smaller urban areas.)

“A lot of it is catch-up from rents not growing as they typically would during the [COVID-19] pandemic,” says Danielle Hale, chief economist for Realtor.com. “With broad inflation trends everywhere, landlords are trying to make up for higher costs in property taxes, utility, upkeep, and maintenance and trying to pass those on to renters to maintain their position.”

There are also more renters looking for housing—981,000 more at the end of the fourth quarter of 2021—creating extremely low vacancy rates of 5.8%, the lowest since the mid-1980s, according to a recent report from the Joint Center for Housing Studies of Harvard University. And as would-be homebuyers are struggling to find homes to buy or are being priced out of the market, they’re remaining renters longer, adding to the competition.

Two-bedroom units are seeing the largest increase in rents over last year, with the median rent at $2,002 nationally, up $278—or 16.2%—over the same time last year, and up $350—or 21.2%— compared with two years ago.

The median rent for a one-bedroom is now $1,648, a 16.4% increase over last year and 17.1% higher since February 2020. Meanwhile, the median rent for a studio apartment is now $1,474, up 17.1% over last year and 11.7% higher than it was two years ago.

All three have reached record highs, according to Realtor.com data history.

As bad as these increases sound, it’s much, much worse in warmer-climate cities. In Miami, rents jumped 55% since February of last year.

Other Florida metros such as OrlandoTampa, and Jacksonville are not far behind with rent jumps. Austin, TXSan DiegoLas VegasPhoenix; San Antonio, TX; and Memphis, TN, rounded out the top 10 metros seeing the highest rent increases.

Chris Morenza with Florida One Realty in Miami says she has never seen rental prices increase so dramatically as they have in the past year, with some units renting above the listing price—and going fast.

One unit listed at $2,150 was rented at $2,400. Another tenant paying $2,000 decided not to renew, and Morenza later rented out that unit for $3,000.

“In another case, we put a rental [online] late at night. An agent showed the unit at 8 a.m., and we had a lease done by midday,” says Morenza.

Other factors adding to Miami’s rising rents is its distinction as an international city, says Hale.

As the world opens back up and people feel more comfortable traveling, they may be seeking to relocate somewhere with low taxes where they don’t have to worry about snow. That, along with a high concentration of retirees and international renters, who might be paying for their units with wealth rather than income, is another factor.

Miami is also a hot market for real estate investors, according to a recent investor report, and it has seen its population increase, along with other Sun Belt destinations.

“When people are able to work remotely, and are no longer tied to being in New York, they’d rather be down here,” says Morenza.

The post Forget NYC and San Francisco—Rents Keep Shooting Up in This Part of the Country appeared first on Real Estate News & Insights | realtor.com®.

‘The Housing Market Is in the Early Stages of a Substantial Downshift’: Home Sales May Drop 25% by the End of Summer, According to This Analyst

Getty Images

The popular spring home-buying season is just ramping up. But one analyst is warning that it could be a bust.

Ian Shepherdson, chief economist and founder of research consulting firm Pantheon Macroeconomics, is predicting a dramatic fall in the pace of home sales this year. In a research note, he projected that existing-home sales will drop roughly 25% from the annual pace of 6.02 million set in February to a rate of 4.5 million by the end of summer.

“The housing market is in the early stages of a substantial downshift in activity, which will trigger a steep decline in the rate of increase of home prices, starting perhaps as soon as the spring,” Shepherdson wrote in a research note distributed Sunday.

As evidence of this expected slowdown in home sales, Shepherdson pointed to mortgage demand. The most recent data on mortgage applications from the Mortgage Bankers Association shows that the number of applications for loans used to purchase homes is down more than 8% compared to a year ago. Comparatively, demand for refinancing has dropped nearly 50% versus last year.

A drop in mortgage demand could predict a downturn in home sales, since most buyers rely on financing to make sure a large purchase. Issues around affordability are likely to blame for the decline. As of Thursday, the average interest rate on the 30-year fixed-rate mortgage surpassed 4% for the first time since May 2019, according to Freddie Mac.

Per Shepherdson’s calculations, the rise in mortgage rates since September has increased the cost of a monthly mortgage payment for a median-priced home by more than $400, or 27%.

“That’s a huge increase, even for households sitting on savings accumulated during the pandemic—a one-time increase in savings can’t finance an increase in mortgage payments for the next 30 years—and it will push demand down a good deal further,” he wrote.

Indeed, affordability is top of mind for today’s home buyers. A recent survey conducted by U.S. News & World Report found that nearly half of buyers say affordability is their biggest concern, though a majority of those surveyed indicated that they were still optimistic they would be able to purchase a home in the next year.

‘A one-time increase in savings can’t finance an increase in mortgage payments for the next 30 years.’

Ian Shepherdson, chief economist and founder of Pantheon Macroeconomics

The ripple effects of a shift in existing-home sales would be far-reaching, Shepherdson said, arguing that the pace of rent increases would eventually slow and perhaps even reverse. It also would spread to new-home sales, which he expects will likewise fall. A decrease in new-home sales would represent a downward drag on GDP, since that would implicate less demand for services tied to home-building and less spending on items like building materials and appliances.

The bad news for any Americans who persist in trying to buy a home under these conditions is that it’s less clear how this situation will ultimately impact the availability of homes for sale. Part of why home prices have surged is that there is a significant lack of inventory in the housing market, which has fueled competition for what few homes are listed for sale.

A drop in demand would seemingly lead to a boost in the inventory of homes for sale. But Shepherdson cautioned that many sellers may pull listings or decline to put their home on the markets because “no one […] wants to be the last person trying to sell into a falling market.”

The post ‘The Housing Market Is in the Early Stages of a Substantial Downshift’: Home Sales May Drop 25% by the End of Summer, According to This Analyst appeared first on Real Estate News & Insights | realtor.com®.

Dream vs. Reality: The Features Homebuyers Are Really Looking For in the 2022 Spring Buying Season

What Homebuyers Are Looking For Ahead of Spring Buying Season

Realtor.com / Getty Images

Spring is a time of rebirth, renewal, and new beginnings. And after two years of the COVID-19 pandemic turning the world on its head, people are ready for things to get back to normal—or at least as close as they can get. And maybe—just maybe—that includes what people are searching for in a new home.

We all know that Americans went into an overheated frenzy of homebuying during the pandemic, showing a distinct preference for places in the burbs, far outside of the big, congested cities, with lots of land, dedicated home offices, and maybe even a nice pool. Previously sought-after factors seemed to recede in importance. (Commute? What commute?)

Now that people across the U.S. are finally starting to return to the office, go on vacations, and restart their lives in earnest, the Realtor.com® data team set out to find the features that 2022’s new homebuyers are jonesing for. And as peak homebuying season begins, it seems at least some of the perks-turned-must-haves remain. After all, who doesn’t want to work from home (work from pool) this summer?

The data team looked at what exactly people are searching for in a home these days to figure out what are the must-have features and amenities—and what they’re willing to live without. We found they’re still prioritizing many of the features that became popular during the pandemic.

“People want to live indoors, but they want to live outdoors as well,” says Cara Ameer, a real estate agent with Coldwell Banker licensed in California and Florida. “That idea became big during the pandemic.” And it’s still high on wish lists.

Of course, what buyers want and what they can afford are usually two different things. Home prices remain high, and even with more homes coming on the market, inventory is still low. Today’s real estate realities make it hard for homebuyers to get everything they’re looking for. Many have had to learn to temper their expectations and make compromises.

“The market is so crazy that people are happy to have anything,” says Elizabeth Casey, a Realtor® with William Raveis in Connecticut’s Fairfield County, a suburb of New York City.

But a buyer can dream, and fantasizing over listing photos is half the fun of the home search process anyway, right?

To figure out the most popular search terms so far this year, the Realtor.com data team looked at the number of page views per listing for each search term from January to February 2022, then ranked the results. To be included in the analysis, the term had to be featured in at least 5,000 listings.

Here are the big takeaways:

1. Water features still rule

A swimming pool is the No. 1 search term so far this year.

Getty Images

Related search terms: swimming pool (No. 1 most searched feature), hot tub or spa (10)

No. 1 on the list, a swimming pool continues to be the most popular search term so far this year, as the pandemic trend shows no signs of slowing down.

A pool started to seem like a must-have item at the start of COVID-19 lockdowns, which limited access to public swim clubs, lakes, and beaches. That year, pool companies installed pools in 96,000 homes across the U.S., according to the Pool & Hot Tub Alliance, a trade association for the swimming pool, spa, and hot tub industry. It was the highest number in more than a decade.

It remains a must-have item ahead of what’s set to be a more fun version of last year’s Hot Vax Summer bust. But for many folks, privacy is also a key component as they build their own personal oasis.

“Even people with community pools want to build their own in the backyard,” says Becky Herman, a real estate agent at Charter One Realty in Hilton Head Island, SC.

The hot tub, the pool’s more affordable but equally high-maintenance cousin, also remains popular with buyers.

2. All about the vistas, baby

Buyers want something nice to look at in between endless Zoom meetings.

Getty Images

Related search terms: river view (2), waterfront (3), beach (6), water view (10), lake view (14), golf course view (17)

Even as people slowly begin their return to the office, many white-collar workers are choosing to continue working from home at least a few days a week. And they want a view. It doesn’t matter if it’s a river view, lake view, or golf course view. Buyers want something nice to look at in between endless Zoom meetings

“You don’t want to be in a dark, dungeon basement if you’re working from home all day,” points out Jenny Lenz, managing director of Dolly Lenz Real Estate, a luxury real estate firm that does business across the country.

Amazing views also allow homeowners to decompress after a hard day at the “office”— perhaps with a glass of wine or a nice meal alfresco.

“It’s enhancing your living experience, because people want to feel like they’re on vacation all the time,” Ameer says.

3. Focus on outdoor activities and fitness

People are looking for more outdoor activities to keep in shape.

Getty Images

Related search terms: horse facilities (4), community boat facilities (13), community golf (20), tennis (22), basketball (26)

The indoor-outdoor lifestyle goes beyond views, with people looking for more outdoor activities to keep in shape and perhaps work off that quarantine 15.

Some of these activities (ahem, horseback riding) may be accessible only to the richest 1%, but access to golf, tennis, and basketball is top of mind for many buyers in 2022. Even as COVID-19 restrictions subside, they’re preferring to keep their circle small and know who they’re working out with, unlike in large chain gyms that can quickly get crowded.

Finding places they feel comfortable is also of utmost importance for some fitness aficionados, says Ameer. She recently worked with one buyer who test-drove multiple tennis courts before settling on the perfect one.

4. All about the space

A library is another popular search term, perhaps to ensure there’s a designated space for a desk.

Getty Images

Related search terms: cathedral ceiling (5), big lot (7), outbuilding (8), library (12)

Expansive homes are still in vogue for buyers these days, as they look for space to work as well as some privacy. Having a home office—or two—has become a necessity for some, while high ceilings have been popular for a while now. Even buyers returning to big cities like New York are choosing to buy bigger, brighter units after getting used to spreading out in their second homes.

A library is another popular search term, perhaps to ensure there’s a designated desk area. People may even be getting a little creative with their WFH setups. Outbuildings—detached structures like a garage or shed that could potentially be turned into a quiet working space—is another popular search term this year.

But it’s not just indoor space homebuyers are looking for; big lots and backyards are also important to them. Entertaining outdoors and gardening became popular pastimes over the past couple of years, and they’re set to continue into 2022. Once again, privacy is essential.

“Everybody wants a big yard and to be able to not look at people on either side of them,” Ameer says.

5. Turnkey is key

“Everybody wants turnkey,” says Cara Ameer. “They want a big, open kitchen, and they want it all done for them.”

Getty Images

Related search terms: new roof (23), updated kitchen (24)

One of the biggest things buyers want these days is a property that doesn’t need updates. That includes a new roof and updated kitchen, among other things.

“Everybody wants turnkey,” says Ameer. “They want a big, open kitchen, and they want it all done for them.”

Part of the reason is convenience; another is the proliferation of design shows on channels like HGTV, which perhaps gives buyers some unrealistic expectations. But buyers are also being practical: Construction delays and rising prices mean doing renovations will be more costly than in previous years, and the timelines for getting the work done can be burdensome.

“Because of all of the supply chain issues, everyone knows it’s going to be so expensive to redo anything,” Lenz says. “Turnkey is very preferable, but obviously people are going to get what they’re going to get.”

The post Dream vs. Reality: The Features Homebuyers Are Really Looking For in the 2022 Spring Buying Season appeared first on Real Estate News & Insights | realtor.com®.

Drake’s Fabulous YOLO Estate Is the Week’s Most Popular Home

Most popular homes

Realtor.com

This week, everyone wanted a peek inside a rapper’s delight: Drake‘s YOLO estate in Southern California. It racked up tens of thousands of clicks after it came on the market for $14.8 million, making it the week’s most popular home on Realtor.com®.

Designed for parties and good vibes, the seven-bedroom mansion in Hidden Hills is equipped with a wine cellar and tasting room, a 24-seat home theater, and a mechanical riding bull. Outside it features sport courts and a stable with an equestrian ring. But the true highlight is the swimming pool out back with a grotto and swim-up bar.

Also available are two adjacent properties owned by the rapper. For the entire 6.7-acre enchilada, a buyer must be willing to plunk down $22.2 million.

The rest of the week’s most popular homes were more modest. (Only one other home topped the million-dollar mark.) They include a six-bedroom home going up for auction in Ohio, an A-frame contemporary in Connecticut, and a hoarder home in Pennsylvania.

Take a look!

10. 2455 Robinwood Ave, Toledo, OH

Price: $125,000
Why it’s here: This six-bedroom Victorian is headed to the auction block with an opening bid of $125,000.

Built in 1902, this historic home still features high ceilings, built-ins, and a grand fireplace. Other highlights include original stained glass and an in-ground pool. A little TLC will be needed to transform this property back into a dream home.

Toledo, OH

Realtor.com


9. 6851 Taylor Rd, Green Township, OH

Price: $139,900
Why it’s here: Listed as being built in 1870, this place appears to have undergone some serious DIY makeovers with interesting design choices. This three-bedroom house sits on an acre lot.

The 1,680 square feet of living space includes a two-story entry. You’ll spot exposed beams, a cathedral ceiling, and loft-style bedrooms on the second floor.

Green Township, OH

Realtor.com


8. 809 Park Ave, Goldsboro, NC

Price: $405,000
Why it’s here: This stately and historic five-bedroom home is on a large corner lot and offers nearly 5,000 square feet of living space.

Built in 1910, the home is well-maintained and features an enormous wrap-around porch, grand entry, and two parlors. A large primary suite is located on the first floor, and the four additional bedrooms are upstairs.

Goldsboro, NC

Realtor.com


7. 161 Bear Hill Rd, Loudon, NH

Price: $300,000
Why it’s here: This 40-acre property is also headed to the auction block. It includes two residential buildings, a barn, and some outbuildings.

The 2,000-square-foot Cape Cod home will need some work. Built in 1783, it features exposed beams, hardwoods, and numerous fireplaces. The home’s idyllic location includes frontage on Crooked Pond.

Loudon, NH

Realtor.com


6. 15 Durant Ave, Dedham, MA

Price: $749,000
Why it’s here: Built in 1931, this three-bedroom Cape offers oodles of curb appeal. It’s also been beautifully updated with modern appointments.

We love the eat-in kitchen with granite countertops and stainless-steel appliances. Hardwood flooring runs throughout the house.

Dedham, MA

Realtor.com


5. 1136 North Rd, Killingly, CT

Price: $445,000
Why it’s here: Built in 1989, this large A-frame home comes with 12 acres. The views are beautiful views from every room.

The three-bedroom home is filled with natural light thanks to its soaring ceilings, skylights, and walls of windows. The heating system has been updated, the roof is new, and the primary suite has been renovated.

Killingly, CT

Realtor.com


4. 155 Springside Rancocas Rd, Westampton, NJ

Price: $250,000
Why it’s here: Built in 1763, this affordable farmhouse sits on an acre lot and offers more than 3,000 square feet of living space.

The six-bedroom Colonial has great bones and features some hidden staircases, but it’s being sold as is and will need some updates. The hardwood flooring is original to the home, and the eat-in kitchen has access to the attached garage.

Westampton, NJ

Realtor.com


3. 1214 Mine St, Old Forge, PA

Price: $40,000
Why it’s here: The listing photos for this hoarder home drew waves of gawkers. It’s being sold as is, and the price acknowledges it will need a major cleanup.

The two-bedroom home is in “a state of disrepair and there may be a minor incursion … onto the neighbor’s property,” the listing notes. The buyer must come prepared to haul away the home’s junk.

Old Forge, PA

Realtor.com


2. 4 Bushkill Dr, Livingston, NJ

Price: $1,499,000
Why it’s here: This avant-garde home of 10,000 square feet features a dramatic foyer with a curved staircase. It’s located in the Chestnut Hill section of Livingston.

The home’s highlights include designer details, marble flooring, skylights, walls of windows, a media room, chef’s kitchen, and indoor pool. An apartment with a separate entrance is located on the lower level.

Livingston, NJ

Realtor.com


1. 5841 Round Meadow Rd, Hidden Hills, CA

Price: $14,800,000
Why it’s here: It’s all about Champagne tastes for Champagne Papi. Luxurious inside and out, Drake’s over-the-top YOLO (“you only live once,” so it goes) estate attracted waves of gawkers.

Located in a neighborhood favored by celebs, this 3-acre, resort-style mansion offers a whopping 12,500 square feet of living space. According to the local experts we spoke with, the rapper should have no problem attracting a buyer to this home—and the two neighboring homes he also owns.

Hidden Hills, CA

Realtor.com

The post Drake’s Fabulous YOLO Estate Is the Week’s Most Popular Home appeared first on Real Estate News & Insights | realtor.com®.

‘Flip or Flop’ Behind the Scenes: A Timeline of How Tarek and Christina Met, and the Homes They Lived In and Loved

Flip or Flop

HGTV

Since we know that all good things must come to an end, we’re sad but not surprised to see Christina Haack and Tarek El Moussa finally calling it quits on their hit HGTV show, “Flip or Flop.”

After 10 years under their tool belts, these flippers and former spouses announced that their final episode will air on Thursday.

“I’m filled with gratitude to have done 10 seasons of a hit show,” Haack wrote on Instagram. “I remember filming the pilot and thinking, ‘Wouldn’t this be crazy if is this [sic] actually made it to network TV?’ And here we are, a decade later.”

 

The show’s end is “bittersweet,” El Moussa wrote on Instagram. “You guys have been with us through it all.”

Lest you’ve forgotten just how humble their beginnings were or all the highs and lows that happened in between, we thought we’d take a jaunt down memory lane and recount their history in more detail.

Let’s take a look at how they went from rookie real estate investors in Southern California to the reality TV royalty they are today.

2009: Tarek and Christina tied the knot

They’d met working in real estate several years earlier, and they partnered up personally and professionally in 2008. They got hitched in 2009, just as the housing crash forced them to trade their $6,000 monthly mortgage for a $700 monthly rental (including a roommate).

2010: They began flipping houses

Since the housing crash had so many people defaulting on their mortgages and leaving their properties in horrible condition, the couple figured they could make a living buying these bargain homes, fixing them up, and selling them for a profit.

They teamed up with business partner Pete De Best and bought their first investment house in Santa Ana for $115,000. They renovated it and sold it for a $34,000 profit! Their first child, Taylor, was also born that year.

2011: El Moussa filmed their first flip

Just for fun, El Moussa asked a friend to help him create a video documenting their work on a flip. The production company they sent it to loved it so much, it submitted the video to HGTV, who hopped aboard.

2013: ‘Flip or Flop’ premiered on TV

At 11 p.m.! HGTV justified this late-nite time slot due to concerns that viewers might not be wild about a show featuring makeovers of distressed and foreclosed homes. These worries were unfounded, however. “Flip or Flop” soon becomes one of its biggest hits.

2014: They bought and remodeled a mansion

Once “Flip or Flop” was up and running, El Moussa and Haack splurged on a 6,366-square-foot family home in Yorba Linda, CA, for a cool $2 million. They immediately set about remodeling it, spending a whopping $1.5 million. After their marriage ended in 2018, they sold it for $2,925,000. Their very own home could be considered one of their rare flops.

Dining room
Dining room

Chad King

2015: Their second child, Brayden, was born

Brayden’s birth was documented in the appropriately titled “Labor of Love” episode. Haack had to take time away from remodeling a home in Fullerton, CA, to give birth, but the cameras were rolling when she informed El Moussa, “It’s time!” Viewers were then able to follow the family to the hospital and share this momentous occasion with this couple’s growing family.

tarek and christina
Brayden arrives!

HGTV

2016: The couple separated

In May, police responded to a report of a domestic dispute at El Moussa and Haack’s address. Seven months later, the couple announced their separation.

“Like many couples, we have had challenges in our marriage,” they said in a statement. “Together, we have decided to separate while we reevaluate the future of our marriage. During this process, we are committed to our kids and being the best parents we can be. We will continue to work through this process civilly and cooperatively, and plan to continue our professional life together.”

2018: They finalized their divorce

Their divorce was finalized in January 2018. Later that year, Haack married British TV host Ant Anstead, and the two bought a beautiful 4,804-square-foot home in Newport Beach for $4,100,000.

El Moussa also bought himself a luxe, four-bedroom, 3.5-bath bachelor pad in Costa Mesa, CA, for $2,280,000.

El Moussa
Tarek El Moussa’s new bachelor pad

Realtor.com

2019: Haack debuted her own show—and a new baby

“Christina on the Coast,” Haack’s spinoff about her design adventures in Southern California, premiered and became a ratings success. She also welcomed a son, Hudson London, with Anstead.

Christina on the Coast
“Christina on the Coast” premiered in 2019

HGTV

2020: El Moussa got his own show and a new partner

It wasn’t long before El Moussa premiered his own spinoff show mentoring novice real estate investors, “Flipping 101 with Tarek El Moussa.” He also proposed to “Selling Sunset” star Heather Rae Young, with whom he walked down the aisle a year later.

Meanwhile, Haack announced her separation from Anstead after less than two years of marriage. She also purchased a vacation farmhouse in Franklin, TN, just south of Nashville.

farmhouse

2021: Haack got engaged and bought a house

Love is not far behind for Haack, too, who got engaged to Joshua Hall, a real estate agent from Austin, TX. She also bought a house in Dana Point, CA, for $10.3 million, after selling the house she bought with Anstead for $5.35 million.

2022: ‘Flip or Flop’ ends its 10-year run

On March 10, both Haack and El Moussa announced to their fans on Instagram that the 10th season of “Flip or Flop” would be their last. Reports circulated that “the show was just becoming too intimate at this point and it was time to close that chapter.”

El Moussa and Young immediately set out for Cabo, while Haack and Hall holed up and spent time with the kids and their pup.

But rest assured, this is not the last we will see of these two.

The post ‘Flip or Flop’ Behind the Scenes: A Timeline of How Tarek and Christina Met, and the Homes They Lived In and Loved appeared first on Real Estate News & Insights | realtor.com®.

Tarek and Christina’s Biggest Flips, Flops, and Memorable Moments in 10 Years of ‘Flip or Flop’

Flip or Flop

HGTV

Alas, “Flip or Flop” will end for good this week, after 10 hugely successful years (and seasons) on air. The show’s stars, Tarek El Moussa and Christina Haack, have entertained us for a decade of drama, open floor plans, and marital upheaval. That’s one helluva run!

Based in Southern California’s bustling Orange County, the former husband and wife were real estate agents until the crash of 2008 necessitated a career diversion. Armed with a hammer, nails, and an eye for design, they began flipping houses. In 2011 they made an audition tape for HGTV. Network executives saw something in them, and their show “Flip or Flop” was born, premiering in 2013.

Over the years, we’ve seen their families and careers grow and (let’s be honest) hit plenty of speed bumps along the way. After having two kids, they separated and endured a stormy divorce, all the while smiling for the cameras and working together on TV.

While the flips kept coming, Haack went on to marry TV host Ant Anstead, only to divorce less than two years later. She is now engaged to Texas real estate agent Joshua Hall. Meanwhile, El Moussa recently tied the knot with “Selling Sunset” star and fellow real estate pro Heather Rae Young (who has since taken El Moussa’s last name).

El Moussa and Haack have also managed to spin off their own solo shows, with Haack designing homes on “Christina on the Coast” and El Moussa mentoring novice real estate investors on “Flipping 101 with Tarek El Moussa.”

Clearly, both have new lives, loves, and renovation projects that will keep them on TV for who knows how long. But in the meantime, we’ve decided to take a look back at some of their most memorable moments. From their very first flip to their only documented flop to their most profitable investment of all, we take a walk down memory lane and bid “Flip or Flop” a fond farewell.

Their first flip for HGTV

Tarek and Christina in their first episode
Christina Haack and Tarek El Moussa in the first episode of “Flip or Flop”

HGTV

The episode that got the party started first aired on April 16, 2013. Called “Spanish Style Salvage,” it featured the renovation of a humble little house in Santa Ana, CA, which they bought for $208,000. After investing $78,535, they sold the house for $360,000, making $73,465 in profit.

Back then, Haack had shorter hair and their daughter, Taylor (now 11), was a wiggling babe in arms!

While they appeared to be off to a great start both as an adorable twosome and as successful flippers, no one knew at the time that they would eventually become one of HGTV’s most famous couples.

Their first (and only) documented flop

"Flip or Flop" flop
The only flop on “Flip or Flop”

HGTV

To be fair, we can’t be sure how many times they lost money on a project, because most seasons feature several homes that hadn’t sold by airtime. Still, it took 38 episodes before we ever saw El Moussa and Haack own up to an actual flop on the show. That happened in Season 3, in the “Big Lot, Little Flip” episode.

Around 2015, the ex-couple purchased a run-down Buena Park home on a double lot for $272,000. They put $105,000 into the challenging project, which went way over budget and still didn’t render great curb appeal, as you can plainly see.

After over a month on the market, the house got a full-price offer of $400,000. The buyer requested they pay the closing costs of $26,000, which they agreed to even though that left them $3,000 in the hole.

It wasn’t a big loss in terms of cash, but it was tough on their egos. Still, some fans saw it as a win for making them seem human and believable. After all, no one bats a thousand. They never showed another flop again.

Their most profitable flip

Christina and Tarek's most profitable flip.
Haack and El Moussa’s most profitable flip

HGTV

As “Flip or Flop” (and real estate prices in general) gained momentum, so did the couple’s profits. On their eighth season, in the “Million-Dollar Cookie Cutter” episode, it looked like Haack and El Moussa were going to lose their shirts on a house in Newport Beach, CA.

They spent well over a million to buy and renovate the relatively small three-bedroom, 2.5-bath home, but since location is everything and so is Newport Beach, they were able to sell it for a whopping $1,314,900. They ended up with a $241,100 profit.

The most money they poured into one flip

Tarek El Moussa and Christina Haack
Scene from one of Haack’s favorite “Flip or Flop” episodes

HGTV

In the Season 5 episode “Beachside Beauty,” they spent over $1 million to renovate a house near the beach in Torrance, CA. So what was all that money for? They focused most of their efforts and money on the desolate outdoor space, adding pergolas, waterfalls, and even a putting green. And in the end, all that effort paid off.

“The backyard spa is so elegant,” Haack crowed. At sale, they made a $106,700 profit.

The flip that proved they don’t need each other

Tarek's favorite backyard water and fire feature.
El Moussa’s favorite backyard water and fire feature

In the “Fire Sale Flip” episode on Season 5, one of El Moussa’s all-time favorite flips featured a show-stopping deck, fire pit, and water feature all in one.

It’s also special to him because, during this project, Haack was pregnant (with their second child, Brayden, now 6) and had been ordered to take it easy. So El Moussa oversaw almost the entire design all by his lonesome.

In the end, he nailed it with sleek, modern features inside and custom decking outside to make an overall profit of $110,500. Perhaps this episode later served as proof that he could branch out with his own solo show.

Their worst fight during a flip

Christina gleefully hosing off Tarek
Haack gleefully hosing off her ex-husband

HGTV

El Moussa and Haack always had minor tiffs, but perhaps the episode where their marriage’s imminent demise was forecast was Season 6’s “Wishful Workshop.” At one point during renovations, Haack ambushed El Moussa as he walked out the back door, soaking him with ice-cold water from the garden hose.

“What are you doing?” he shouted angrily—and as he attempted to dodge the deluge, he accidentally bumped into an open door, which slammed into a ladder, which ended up shattering a plate-glass window. A metaphor for their relationship, perhaps?

“Oopsie,” said Haack, trying to be cute. The contractor informed them that the window would cost at least $400 to replace, and Haack still showed no remorse.

“OK, so maybe it wasn’t a good idea to turn the hose on Tarek,” she said with a smirk. “But I still thought it was funny.” That may have been the beginning of the end.

The flip that proved they could keep working together as exes

Messy kitchen
Stinker kitchen

HGTV

Maybe the premiere episode of Season 7, “A Deceiving Deal,” was their most inspiring because it was the first time the couple are seen working somewhat happily together again, after months of news about affairs, child custody disputes, and bitter divorce proceedings.

Or maybe it was because the project itself was a monumental stinker, literally.

“That’s the worst-smelling house I’ve ever been in in my entire life,” said Haack.

They were ultimately able to make the 1,200-square-foot, three-bedroom, two-bathroom Whittier, CA, house shiny, new, and fragrant. After less than a week on the market, the house got multiple offers. They accepted one for $540,000, netting them a $55,000 profit.

Even though they’d lost their marriage, they hadn’t lost sight that they were a great flipping duo together.

The post Tarek and Christina’s Biggest Flips, Flops, and Memorable Moments in 10 Years of ‘Flip or Flop’ appeared first on Real Estate News & Insights | realtor.com®.