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HOME FLIPPING STATS In their most recent U.S. Home Flipping Report, ATTOM Data Solutions reported in their most recent US Home Flipping Report, that the number of single-family homes and condos flipped in the third quarter of 2018 was down 12% from one year ago. This is at its lowest level since Q1 2015. There were 45,901 homes flipped in Q3 2018 representing 5% of all singlefamily home & condo sales during the quarter. In addition, they report that the share of flipped homes sold to FHA Buyers was at its lowest level in over 10 years.
rally Monday March 4th with about 75 people out in the cold. Chanting “Fight, Fight, Fight . . . Hey Hey, Ho Ho, Slumlords have got to go,” they marched in front of Kansas City Missouri City Hall to release it’s housing policy platform. Items on they are demanding includes: •
A policy that would bar landlords from asking prospective tenants about criminal history.
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A way to have evictions removed from a record.
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A tenant bill of rights that gives tenants the right to decent housing, a tenant organization, relocation assistance for forced moves, right to council in landlord-tenant court, protection from retaliation and more.
The sweet spot in pricing is between $100,000 and $200,000. The median age of homes flipped was homes build in 1978 with an average square footage of 1,408 and the average time to complete the flips was 179 days.
We have posted the People’s Housing Platform in our KCREI Facebook Group.
TENANTS ARE ORGANIZING
RENT CONTROL
There is a new organization in town organizing to fight slumlords in the metro area. Holding a
Signed into law, the first state wide rent control measure was enacted in February in Oregon.
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Go to www.MAREI.org/Facebook and look in files.
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