When it comes to statistics, Zillow, the real estate directory site has listings in practically every city in the country, and it’s been issuing reports on the state of the real estate market. Their last report was issued in February. That Real Estate Market Report reaffirmed what many have noted on the real estate scene: the continuing success of rental investments and the furthering...
The American rental climate has been favorable for landlords, and now the warm weather has spread to other parts of the world. UK private property landlords have seen strong increases in their own rental yields. Despite the dark reports of the UK property market, demand for quality rental properties is still increasing. It’s not just in some parts of the country. Rental sector landlords...
The number of seniors applying for reverse mortgages is going up, according to a new study by MetLife. The study finds that not only is that number going up, but seniors are demanding reverse mortgages at younger ages. The average age of seniors using reverse mortgages is 73, but 46% of homeowners considering it are under age 70. Essentially, more seniors are asking for reverse mortgages earlier...
Tony Salloum discussing Rentpost on Business Radio
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...
Yesterday, a mortgage settlement was announced between Federal and State Governments and 5 major banks. The deal will require lenders to write down the mortgages of certain borrowers who are underwater. Homeowners who owe more than their homes are worth will see a reduction in the principal amount. The hope is this will curb the number of foreclosures and house prices will start increasing again...
There are many waves changing the tide of real estate. Among them are the Obama administration’s plan to convert foreclosed homes into rental units and the boom in the rent market from tech jobs. But the biggest factor shaping the rent market of the future might be demographics. As the Baby Boomers retire, there’s a new group ready to take their place. They are called Generation Y...
Fighting the uphill battle of reviving a weak housing market, the Federal Government is planning on stepping into the market with a creative solution – to turn foreclosed homes into rental units. The plan would create roughly 200,000 new rental homes this year. Though still in the works, the US government has indicated it plans to carry out the operation in “early 2012”...
Despite encouraging signs, the housing market is still not recuperating at a healthy pace. Home prices remain low, yet the buyers just aren’t there. But where one market drags, another one flourishes. Rental properties are providing huge returns for those able to make the investment. The price of rent has been increasing rapidly in cities all over the country. But the cities where demand...
Mortgage Finance Act of 2011 – legislation submitted by Sen. Johnny Isakson with little chance of passing congressional scrutiny; the act is, unfortunately, an example of political showmanship, appealing to public opinion on a critical policy issue. Furthermore, the Act clutters the congressional to-do list, regarding housing reform.
Make waves and the voters will take notice?