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!
This week in rental property, mortgage rates climbed up to the highest levels for the year. We take a look at some of the reactions towards the last week’s controversial Supreme Court ruling on Texas Department of Housing and Community Affairs v. The Inclusive Communities Project, Inc. More and more studies are showing the age shift will affect the housing market. This week, Fannie Mae found that...
This week in rental property, long term mortgage rate edged up to 4.02 percent. Home buyers and sellers heading into the busy summer season have been eyeing mortgage rates wondering how long the good times can last. According to a report release on Wednesday by Harvard University’s Joint Center for Housing Studies, more Americans are renting as homeownership falls for eight straight years...
This week in rental property, mortgage rates pulled back by 0.04 percent from last week’s 4.04 percent to 4.00 percent. On Wednesday, the Federal Reserve announced that it plans to raise interest rates later this year. We take a look at the LA Times article on the effects of federal funds rate on the economy and the Wall Street Journal’s article on how to get ready for rising interest rates. Then...
This week in rental property, 30-year fixed mortgage rates has climbed over 4% for the first time this year. With this in mind, we take a look at the trend in homeownership rate written by the Wall Street Journal. Time.com says that renting a home is the norm for the new households. A study shows that renters who invest are better off buyers. Meanwhile, large West Coast cities offered the best...
This week in rental property, 30-year fixed mortgage rates remained at the highest level of the year, at 3.87 percent. CNBC covers how the market is responding to the upward trend of the rates. Business Insider compares the behavioral difference of homeowners of today and the past. With the rate on the rise, U.S. News & World Report says that now is the time to refinance mortgages and...
This week in rental property, 30-year fixed mortgages rates climbed to the highest levels of the year. Next, multifamily market developers and commercial real estate executives share their sentiments on the market expectations. Then we look at 17 markets where rents are booming. Refinancing is overtaking new purchase loans due to the under 4% mortgage rates. Lastly, real estate crowdfunding is...
This week in rental property, mortgage rates for 30-year fixed mortgages declined this week in the midst of a climbing trend. Forbes.com article talks why the interest rates are on the rise. Even though the interest rates are pointing upwards, Forbes.com gives a deep analysis on 5 reasons why U.S. real estate market should continue to recover. Next, Auction.com Research Report announces...
This week in rental property a shortage of rentals in Brevard North Carolina has led The United Way of Transylvania County to begin a “tiny house initiative”. Next, Airbnb makes the headlines yet again as opposition from Santa Ynez Valley government in California is less than happy about the single-family zoned areas being used as vacation rentals.Are your property taxes high? Time...
Two weeks ago, we followed the Seattle rental market and a property manager’s response to the situation here (link 5). This week in rental property, we visit a man who is taking action. We then turn our attention to the Newark Advocate who brings us a story of a stubborn city council who are refusing to develop stricter property maintenance codes. Spring is around the corner, and...
What is going on this week in rental property? If you’re asking yourself this question then you have arrived at the right place. The Commercial Property Executive provide their three priorities of retaining tenants. Next, we see opportunity in the form of short-term rentals. With Airbnb and other short-term opportunities, legislation is taking shape. See more on these developments in our...