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and properties selling at a higher cost is a

in September. That indicates a continuance

great cocktail for bridge financing to liter-

of an unusually active and aggressive fall/

ally close the gap for investors looking to

winter seller’s market. This data sets up

acquire additional investment properties.

the market well for investors continuing

Realtor.com’s October Housing Data Release

to acquire investment properties in the

revealed that nationally a typical home for

upcoming winter months, as the real estate

sale spent only 53 days on the market. That

market shows no sign of slowing down.

is 13 days fewer than the same time in 2019.

Something to keep in mind when deter-

For the first time in Realtor.com’s records,

mining an investment strategy and when

in 2020, homes sold faster in October than

to utilize bridge financing: Inventory

of newly listed properties has declined

by more than 7% nationally throughout

this year, increasing the competition on properties listed and driving up prices. Realtor.com’s October Housing Data

Release revealed the median national

home listing price increased by 12% over 2020, to $350,000 in October. This is up

from the 11% growth seen in September. Bridge financers can speed loan closing for investors in a competitive market.

WINTER 2021

65

Profile for American Association of Private Lenders

2021 Winter (Q1)  

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