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...
How Grandma can help the housing crunch If your community’s zoning keeps people from carving little apartments out of existing homes, it doesn’t just add to some abstract housing shortage. It also oppresses Grandma — and lots of other would-be renters. Accessory apartments aren’t some fad that arose last week at a new-urbanism conference. They’re part of a long tradition of modest apartments and...
Future-Proofing Your Property with Technology The concept know as “future-proofing” is getting a lot of attention from property manager’s throughout the United States. For those who are unfamiliar with the concept of future-proofing, its I hope this article will help explain it further. If you enjoy or strive to create an ambient environment for future tenants I would strongly...
Millennials Will Be Renting Much Longer After the release of an analysis of homeownership by John Burns, a real estate consultant, Millennials will be renting for a much longer time than previous generations due to job mobility, high mortgage rates, and low liquidity. This is relevant to the modern day landlord and property manager for the fact that the numbers are in their favor, and will...
If you invest in real estate- whether it’s as a landlord or just the home you live in- 2015 was a good year. Here are a few highlights of what we saw these last 12 months. Interest Rates Will Finally Start Going Back Up Interest rates were frozen at rock-bottom numbers for almost a decade. The Fed finally announced this month (December) that the rates are going up from 0.0-0.25 percent to 0.25-0...
Most experts agree- the U.S. housing market still has tons of opportunities for home buyers… but those opportunities won’t last forever. Especially with the rate increase announced by the Fed this week, it makes more sense to buy now rather than continue renting and miss out on more growth. TWiRP The Housing Market Hasn’t Peaked Yet Despite what your uncle may have told you, the...
This week in rental property, mortgage rates slipped for the third straight week. While the Fed is signalling to raise interest rates later this month, the Wall Street Journal gave a talk on how the U.S. housing fundamentals will withstand the interest increase. The New York Times analyzed the trend in Chinese investments on U.S. housing market. Many economists have predicted the housing market...
This week in rental property, average 30-year fixed mortgage rate inched back to 3.95% from 3.97% a week earlier. Many analysts are expecting the era of under 4 percent mortgage rate to end soon. Rising home and rental prices are showing no sign of slowing down and pulling back sales of existing homes in October. UBS announced 12 most attractive housing markets around the globe. Lastly, Google is...
This week in rental property, mortgage rates rose up to 3.98 percent in in anticipation of a Federal Reserve rate hike next month. Housing market is recovering but the number of first-time home buyers are at the lowest point in 28 years. HomeUnion announced top 10 investment markets in the U.S. for single-family rentals and Coldwell Banker’s released this year’s annual Home Listing...
This week in rental property, mortgage rates slipped to 3.76 percent with the Federal Reserve keeping its key short-term interest rate at a record low. Mortgage applications were down by 3.5% in September amid low fixed mortgage rates. Growing number of investors are shorting the Canada’s housing market. U.S. rental prices cooled in September but still rose above the inflation rate. Lastly...
This week in rental property, fixed mortgage rates sharply dropped to the lowest level in six months. Historically low mortgage rates and high home values are spurring cash-out refinancing. Chinese are now the top foreign buyers of U.S. properties, and nearly half of them are paying cash. According to a survey, property managers are expecting rents to rise as much as 8 percent next year. Freddie...
In this week’s rental property, average U.S. 30-year fixed mortgage rates slightly declined to 3.85 percent from 3.86 percent a week earlier. The Wall Street Journal had a Q&A session with Zillow’s chief economist discussing some of the current issues around real estate. According to Realtor.com, millennials are showing a different behavioral pattern in the housing market. Urban...
This week in rental property, the 30-year fixed mortgage rate fell to 3.86 percent from last week’s 3.91 percent. New mortgage forms will be mandated from October 3rd. The New York Times talks in details about the new disclosure rules and the Washington Post provides professionals’ thoughts on what the new mortgage closing process means for consumers. The talk around the rental...
This week in rental property, average long-term U.S. mortgage rates inched up to 3.91 percent from last week’s 3.90 percent. Federal Reserve announced to keep interest rates unchanged. Forbes and Fidelity discusses the significance of the Fed’s decision. Also, we capture Janet Yellen’s quote on the housing market from her press conference earlier this week. NAHB drills down on...
This week in rental property, average mortgage rates inched up before next week’s Federal Reserve announcement. Wall Street Journal argues that the recovery of housing sector isn’t contributing much to overall US economic growth, while Bloomberg suggests a different point of view. NBC news reports big investors are buying more new homes for rental purposes. Based on Trulia’s...
This Week in Rental Property, the 30-year mortgage rates rose up to 3.89 percent rebounding from last week’s sharp decline. Experts and researchers are expecting an influx of Chinese investors into the U.S. real-estate market due to Chinese yuan devaluation and the stock market turmoil. A study by John Burns Real Estate Consulting revealed that in most areas of the country, home-ownership...