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!
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...