This week in rental property is a weekly review of curated articles by the RentPost team. Stay clued in on what’s happening in the rental industry!
Year of the Renter With more vacancies due to renters being unwilling or even unable to pay higher amounts of money, property owners are scrambling to find ways to attract new tenants while keeping their current tenants hooked in. That’s why they’re calling this “the year of the renter.” Do you agree? 10 Hottest Housing Markets for 2017 Looking to invest in real estate...
Opinions On This Year’s Market Head-to-Head Some believe 2017 will mimic 2016’s slower patterns, while others aren’t so optimistic. What are your thoughts? Millennials’ Domination of the Market Expanding Once again, millennials seem to be dominating the market, but not just in rentals. The myth that millennials only want to rent is being disproved as we see them now...
A Growing Number of Millennials Are Entering the Housing Market Studies show that millennials (people ages 18-35) are making up an increasing share of the home buying market, particularly in suburban areas. A survey shows that 65% of the respondents are renting because of cost and financial circumstances. However, more of these millennials are starting families. Although 65% of this group is...
SLO Rental Inspections Under Fire The newly elected City Council in San Luis Obispo, California, are throwing darts at the rental housing inspection ordinance, in which rental homes are subject to routine city inspections on a three-year cycle to ensure they conform to health and safety codes. The policy was created because of concerns about dilapidated rentals, particularly in neighborhoods with...
Federal Reserve Hikes Rates The Federal Reserve bumped rates by 25 basis points to between 0.50% and 0.75%, and are guided toward more rate hikes in the year 2017. Real estate economists are predicting a modest increase in home sale growth, but not as much as 2016. A mixture of caution and enthusiasm are advised in taking on the new year. Read about it in detail HERE. Budget Friendly DIY...
Climate Change Could Swamp East Coast Real Estate Rising sea levels are changing the way people think about waterfront real estate. Over the past five years, home sales in flood-prone areas grew about 25 percent. This has made state lawmakers in Massachusetts and New Jersey to begin pushing to impose new rules on real estate agents and others, obligating them to disclose climate-related damage...
How Trump’s Presidency Could Impact Real Estate Markets After the recent election investors are curious about how Trump’s Presidency will affect real estate. Based on his current values there will no doubt be a short-term stimulus to the economy. A combination of tax cuts and government spending in the form of upgrading nation’s infrastructure and for national defense will provide a...
How a 28-Year-Old Plans to Upend the $81 Trillion Global Real Estate Investment Market In 2014 Ryan Williams founded Cadre now, Williams and friend, alongside a slew of a-list investors who have plowed $68.3 million into Cadre. Today, Cadre is an invitation-only platform that directly connects high-net-worth and institutional investors to commercial and multi-family real estate deals. This idea...
How is Innovation and Technology affecting the Real Estate Industry The MIT Real Estate Innovation Lab explores three areas: innovations in building design that lead to new building types; new processes in construction such as 3-D printing and modular construction; and new data technologies with the potential to transform the organization of cities. These kind of advancements have allowed venture...
Higher rates don’t mean the death of housing Concerns about the impact of what’s expected to be higher Federal Reserve interest rates on the property market are overblown, Jonathan Gray, global head of real estate at Blackstone, told CNBC on Tuesday. “We’re later in the cycle, but some people are getting a bit too negative,” said Gray, who manages $103 billion of...