Real Estate Fun Facts To Start off 2017

[Jessica Zolotorofe]

Here are a few fun facts to start off 2017 strong:

• According to the WSJ, the number of investors who flipped a house in 2016 reached the highest level since 2007. About 1/3 of the deals in the third quarter were financed with debt, a percentage not seen in eight years.
• The market for house flipped in the US is expected to reach about $48 BILLION in total sales volume this year, the highest since 2006, according to ATTOM (RealtyTrac).
• NJ home values have gone up 4.7% in the past year and Zillow predicts that they will rise another 1.9% in 2017.
• According to the NJ Realtors Report, average DOM in 2016 had decreased almost 5% as compared to 2015.
• And finally, the median foreclosure discount in NJ is presently 61.9%!