Daren Blomquist

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Last quote by Daren Blomquist

Home flippers are employing a number of strategies to give them an edge in the increasingly competitive environment where flipping yields are being compressed. Many flippers are gravitating toward lower-priced areas where discounted purchases are more readily available – often due to foreclosure or some other type of distress. Many of those lower-priced areas also have strong rental markets, giving flippers a consistent pipeline of demand from buy-and-hold investors looking for turnkey rentals.feedback
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Sep 14 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Daren Blomquist is associated, including FHA and October. Most recently, Daren Blomquist has been quoted saying: “While it's the most profitable time to sell in a decade, it's also extremely difficult to find another home to purchase, which is helping to keep homeowners in their homes longer before selling. And the market is becoming even more competitive, with the share of cash buyers in the second quarter increasing annually for the first time in four years.” in the article Home sellers see biggest profits in a decade - not just because of higher prices.
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Daren Blomquist quotes

Oct 13 2016

Home flipping is becoming more accessible for smaller operators thanks to an increasingly competitive lending environment with more loan options for real estate investors, who are also benefiting from the historically low mortgage interest rates. That favorable lending environment for flippers has helped to fuel the recent flipping frenzy we've seen over the past five quarters.feedback

Oct 13 2016

While an increasing number of flippers are financing their purchases, more than two-thirds are still using cash to purchase compared to about one-third using cash to purchase back in 2006.feedback

Oct 06 2016

They don't want to put all that work into fixing up a property.feedback

Oct 06 2016

They want to buy a turnkey property and start renting it out to somebody right away.feedback

Oct 06 2016

In some areas, we're getting back to 2006 levels for home flipping, and that's cause for concern.feedback

Sep 29 2016

Last quarter we did see signs that wage growth was kicking in and getting stronger, but the latest round of wage data at the county level is showing that trend reverse. That worsened affordability in many markets.feedback

Sep 08 2016

Eventually there will be demand. Some investor will be interested in these properties given the environment we're in and also more interest in the urban infill type of developments.feedback

Sep 08 2016

We believe it's a combination of market conditions that are ideal for selling properties, along with political pressure for banks to deal with these properties and not allow them to linger in foreclosure indefinitely.feedback

Jun 02 2016

While responsible home flipping is helpful for a housing market, excessive and irresponsible flipping activity can contribute to a home price pressure cooker that overheats a housing market, and we are starting to see evidence of that pressure cooker environment in a handful of markets.feedback

Jun 02 2016

A telltale sign is when flippers are acquiring properties at or close to full market value. Those markets are so competitive that even the off-market properties flippers are looking to buy are not selling at much of a discount – and there may be very few distressed properties available.feedback

Jun 02 2016

The key here is that there is particularly a dearth of listed inventory in good condition. That is the inventory flippers are competing against when they sell.feedback

May 26 2016

Those lower value properties are appreciating at a slower pace, which is putting women homeowners further and further behind.feedback

Feb 11 2016

The water crisis didn't cause the root problem in Flint that's contributing to these high vacancy rates, but it's going to exacerbate the issue going forward.feedback

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