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 continue to be in their favor for years to come. If you do not already own rental properties now is the time to scoop them up before prices start to rise.
Atlanta Home Value – Up 5.3 Percent
Home prices in Atlanta are up by an average of 5.3 percent in the past year in comparison to the other top 20 metropolitan areas according to the S&P/Case-Shiller House Price Index, a calculation based on a three-month average. This is great news if you own a home in Atlanta!
U.S. Hotel Industry Looses Momentum to Airbnb
A prosperous recovery by the U.S. hotel industry expected to lose traction next year as a result of increasing competition from short-term rental companies. Most notably, the company Airbnb which is an easy to use platform providing millions of Americans the opportunity to lease their properties for a short-term stay.