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Mixed use
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Mixed use

  • By Greg Wilson
  • Updated

This week I took a long walk up into Belmont, to check on a pair of affordable housing projects well underway along El Camino Real.

San Mateo OKs modest tenant protection plan
Local News
Featured

San Mateo OKs modest tenant protection plan

  • By Alyse DiNapoli, Daily Journal staff
  • Updated

San Mateo moved forward on some slight expansions to Assembly Bill 1482 — the state law limiting annual rent increases and imposing more requi…

Profit margin on flipping a home is at a 17-year low due to high prices
National

Profit margin on flipping a home is at a 17-year low due to high prices

  • By ALEX VEIGA AP Business Writer

It pays less and less to buy and flip a home these days. The typical home flipping profit margin fell in the second quarter to its lowest level since 2008, with a typical return of 25.1% before expenses. That's according to an analysis by Attom, a real estate data company. Rising home prices are driving up acquisition costs, making flipping less profitable. The median price for a flipped home reached a record high of $259,700, according to Attom. Meanwhile, with many aspiring homeowners priced out of the market, real estate investors are taking up a bigger share of U.S. home sales overall.