Harvard recently published a study regarding housing the United States. Topics covered included housing markets, demographics, homeownership, the rental market, and housing challenges. What are some trends, opportunities, and challenges that were presented in the study, and what does this mean for owners, investors, and property managers? Housing Trends 01: Homeownership Down, Rentals Up...
TWiRP- Apr 3, 2015
This week in rental property we revisit the property scramble in Cuba. Some things to keep in mind when considering investing in this market are included in our first link. Cuba’s not the only geographic area with a property scramble. See more on the situation in Illinois below in link 2. Liability. It is a word that all landlords dread. Ever wonder what exactly you are liable for, or how...
Fair Housing Trends
Each year, the National Fair Housing Alliance compiles a report outlining the issues of that year. The 2013 Fair Housing Trends Report has just come out and indicates that complaints are actually up by about 5%. In 2012, the report shows that there were about 28, 518 complaints total. Additionally, this report does include those that were investigated by the US Department of Housing and Urban...
More Housing Trends On The Rise
The US Census Bureau reported that the US population went up by about 4% in the years between 2006-2011. During that time, though, there was only a 3% increase in households- this broke down to a 2% for family households, but a 5% growth in non-related households. That would seem to indicate that roommates are a growing section of the market. This definitely has some bearing on the recent boom in...
Record Low Mortgage Rates Not Enough To Boost Housing Market
The housing market is still struggling to gain a good pace. That’s a nice way of saying the market is still doing poorly. And as another sign of the bad conditions, mortgage rates have reached historic lows. 15-year fixed-rate mortgages averaged 3.13% last week, a new record low. And the average rate on a 30-year fixed-rate mortgage fell to 3.88%, less than 1% from the record low. The low...