Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

Rohit Chopra pleads the fifth on QM rule

Consumer Financial Protection Bureau Director Rohit Chopra, in his first report to Congress, answered for decisions made by his predecessor, and provided some indication of his priorities going forward.

How to simplify the appraisal process for everyone in today’s hot market

While the world might be slowly getting back to normal, the housing boom is far from over. Appraisers need to make sure they have the right tools to manage the high demand.

Which core segments of brokerage make the most money

Today’s HousingWire Daily is a RealTrending crossover episode. It features Tracey Velt, editorial director at HW Media Company RealTrends, who interviews Chris Kelly and Christian Wallace.

InvestmentsReal Estate

This is how grocery chains affect a home’s value

Trader Joe's, ALDI, and Whole Foods appear to have positive impact

Did you know living by a certain grocery store chain can positively affect the value of your home?

Trader Joe’s, ALDI and Whole Foods were found to make home prices go up, according to a study from ATTOM Data Solutions

Investors looking for a return, homebuyers looking for convenience (or cookie butter and Two Buck Chuck), need look no further.

The average home seller return on investment for all ZIP codes over a five-year period with these grocery stores nationwide is 37%.

Homes located near a Trader Joe’s average a home seller ROI of 51%, and have added equity, owning an average 37% in their homes, or $247,445.

Homes flipped near a Trader Joe’s offer an average gross of flipping at 31%. Properties near Trader Joe’s also offer a 5-year home price appreciation of 33%.

Homes located near a Whole Foods realized an average home seller ROI of 41% and have an average of 31% equity, or $187,035. They also had an average gross flipping ROI of 35% and a 5-year home price appreciation of 31%.

Homes located near an ALDI realized an average home seller ROI at 34%, with an average 20% equity, or $53,650. Properties near an ALDI have an average gross flipping ROI of a whopping 62%, with an average 5-year home price appreciation of 42%.

Based on the survey of 1,859 ZIP codes across the country, the average equity for all zip codes with these grocery stores nationwide is 25%.

The average gross flipping ROI for all ZIP codes with these grocery stores nationwide is 52%.

Average appreciation for all ZIP codes with these grocery stores nationwide is 38%.

The average home value for homes near a Trader Joe's is $608,305; $521,142 near Whole Foods; and $222,809 near an ALDI.

Does your neighborhood stack up?

Click the image below for more info. Image courtesy of Attom.

grocery store impact

Most Popular Articles

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy. HW+ Premium Content

Oct 25, 2021 By and

Latest Articles

Another profitable quarter for Realogy, but what’s next?

Realogy made a profit for the fifth straight quarter. But the brokerage conglomerate faces questions about how its business is diversifying especially amid a slightly cooler housing market. HW+ Premium Content

Oct 28, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please