Best in Texas™: Discover the Top 20 Hottest Real Estate Markets in Texas You Can’t Afford to Miss by ALEX.realestate

ALEX just completed analysis of Wallet Hubs “Best Real Estate Markets 2024.” DFW leads all Texas metro areas dominating the list. If your in the Austin metro area, don’t fret, only Austin is large enough to be in the study. It ranks #5. ‘Whether you’re in the real estate business or just looking for a place to call home, it’s important to get a handle on the housing markets you’re considering before investing in a property.” Please feel free to join our LinkedIn Groups: Texas AI Innovators: https://www.linkedin.com/groups/14516172/Best in Texas Real Estate: https://www.linkedin.com/newsletters/best-of-texas-real-estate-6931240835929837568/ ALEX knows more about Texas real estate, the data, research and analysis than just about anybody. If you have any questions, I am always here. Just text me. Diane Diane Hart Alexander, MBA, MHA, CEO, BrokerAlexander Tiffany Southwest dba ALEX.realestatev 713.591.9902e diane@alex.realestate

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Best in Texas™: Discover the Hottest US Metros for New Construction Homes: Dallas Tops the List, 3 more Texas metros in top 10 by ALEX.realestate

ALEX Labs just completed analysis of Smart Asset‘s report: “Where the Most New Construction Homes Are Being Added – 2024“. National rankings: Dallas ranks #1 Houston ranks #2 San Antonio ranks #5 Austin ranks #7 Smart Asset’s criteria included March sales reported by:1. Number of new construction homes sold2. Median sale price of new construction homes3. Median sale price of all homes ALEX knows more about Texas Real Estate than just about anybody. If you have any questions, I am always here. Just call, text or email me. Diane Diane Hart Alexander, MBA, MHA, CEO, BrokerAlexander Tiffany Southwest dba ALEX.realestatev 713.591.9902e diane@alex.realestate

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Best in Texas™: Flipping is a Flop in Texas by ALEX.realestate

ALEX just summarized ATTOM ‘s “Home Flipping Plummets Across U.S. in 2023 as Profits Slump Again.” ATTOM’s year-end 2023 U.S. Home Flipping Report indicates a significant decline in home flipping activities across the nation. Key indicators such as the number of homes flipped, profit margins, and return on investment (ROI) experienced a notable downturn compared to previous years. Texas led the nation with all four major texas in the bottom four in the US. The fourth-quarter data from 2023 suggests a continued trend of declining home flipping activities across the nation. In Texas markets, where the decline in home flipping rates and profitability is pronounced, investors must adopt innovative strategies to mitigate risks and enhance returns. By closely monitoring market trends, optimizing financing options, and focusing on value-added renovations, investors can navigate the challenging landscape and capitalize on emerging opportunities in Texas real estate. Texas Leads the Nation with WORST House Flipping Markets: The decline in home flipping rates was observed across all major Texas markets including Austin, San Antonio, Dallas, and Houston The worst: Austin (4.1 percent loss)Second worst: Dallas (4.4 percent profit)Third worst: San Antonio (5 percent profit)Tied for fourth worst: Houston (6.2 percent profit)Tied for fourth worst: Salt Lake City (6.2 percent profit) National Trends in Home Flipping: Flips as a portion of all home sales decreased from 8.6 percent in 2022 to 8.1 percent in 2023.In 2023, 308,922 single-family homes and condos were flipped in the United States, marking a 29.3 percent decrease from 2022.Gross profits on typical home flips dropped to $66,000 nationwide, resulting in a 27.5 percent ROI, the lowest since 2007. Factors Contributing to Decline: Tight supply of homes for sale and diminishing returns are identified as primary factors behind the decline in home flipping activities.Decline in profit margins for home flippers has been consistent over the past several years, even during periods of housing market growth. Financing Trends in Texas: The percentage of flipped homes originally purchased with financing increased slightly in 2023 to 36.5 percent nationally.However, Texas markets predominantly relied on cash purchases, with Austin, Dallas, and San Antonio reporting relatively low percentages of flips purchased with financing. Profit Margins and ROI in Texas: Home flipping returns in Texas markets experienced a decline, with Austin reporting the most significant decrease in profit margins.The ROI on typical home flips in Texas markets remained below national averages, indicating challenges for investors in generating substantial profits. Implications for Texas Real Estate Investors: The decline in home flipping activities and profitability underscores the need for investors in Texas markets to reassess their strategies.With decreasing profit margins and ROI, investors may need to adjust their financial models and renovation approaches to adapt to the changing market dynamics.

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