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\u00a0of Chinese investors into the U.S. real-estate market due to Chinese yuan\u00a0devaluation and the stock market turmoil. A study by John Burns Real Estate Consulting revealed that in most areas of the country, home-ownership costs more than renting. This may be the reason to why renting is a growth opportunity for years to come. Meanwhile, according to Bloomberg, almost half of homes in New York and D.C are losing value when compared to last year. Could this be a sign of the housing market cooling off?<\/p>\n
Average long-term U.S. mortgage rates rose this week after a sharp drop the previous week, as global markets continued to whipsaw amid economic disruption in China and uncertainty over Federal Reserve interest-rate policy. Mortgage giant Freddie Mac said Thursday that the average rate on a 30-year fixed-rate mortgage increased to 3.89 percent from 3.84 percent a week earlier. The rate on 15-year fixed-rate mortgages advanced to 3.09 percent from 3.06 percent: http:\/\/www.usnews.com\/news\/business\/articles\/2015\/09\/03\/average-us-rate-on-30-year-mortgage-rises-to-389-percent<\/a><\/p>\n <\/p>\n Luxury apartment blocks in London, penthouses in New York, condominiums with Sydney harbor views — China’s slowing economy, market turmoil and devalued currency are leading Chinese investors to convert their yuan into bricks and mortar: http:\/\/www.ibtimes.com\/china-currency-devaluation-market-turmoil-pushing-chinese-investors-towards-overseas-2077247<\/a><\/p>\n The chaos of the past few weeks is likely to lead to an acceleration in the rate of real-estate purchases by wealthy Chinese buyers in the US and elsewhere. “[Chinese] Investors who were looking at investing overseas may bring forward their purchases,” James MacDonald, head of Savills Research in China, wrote in an email to Business Insider. “While some of those that may not have been considering the purchase of property in the U.S. may now look at doing so.” :\u00a0http:\/\/www.businessinsider.com\/the-chinese-super-rich-are-about-to-flood-the-us-real-estate-market-2015-8#ixzz3kq2nmLWg<\/a><\/p>\n In most areas of the country, homeownership costs more than renting. Many economists with calculators claim the opposite, but the calculations and conclusions are often highly misleading. As is often the case, the devil is in the details. :\u00a0http:\/\/www.businessinsider.com\/owning-a-home-costs-more-than-renting-2015-8#ixzz3kq4BlAjz<\/a><\/p>\n <\/p>\n For the foreseeable future, our country has a growing rental class, which is why we believe the single-family rental (SFR) market is a worthwhile, long-term investment: http:\/\/www.inman.com\/2015\/09\/03\/why-renting-is-a-growth-opportunity-for-years-to-come\/<\/a><\/p>\n <\/p>\n Almost half of single-family houses in the New York and Washington metropolitan areas are losing value, a sign that buyers’ tolerance for high prices in many large U.S. cities may be reaching a limit: http:\/\/www.bloomberg.com\/news\/articles\/2015-09-03\/almost-half-of-homes-in-new-york-and-d-c-are-now-losing-value<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 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\u00a0of Chinese investors into the U.S. real-estate market due to Chinese yuan\u00a0devaluation and the stock market turmoil. A study by John Burns Real Estate Consulting revealed that in most […]<\/p>\n","protected":false},"author":68,"featured_media":2676,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[11],"tags":[138,620,948],"class_list":["post-3555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-twirp","tag-chinese-stockmarket-turmoil","tag-mortgage-rate","tag-renting-beats-buying"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\tChina Currency Devaluation, Market Turmoil Is Pushing Chinese Investors Towards Overseas Property, Experts Say<\/h3>\n
<\/h3>\n
The Chinese super-rich are about to flood the US real-estate market<\/h3>\n
<\/h3>\n
Proof home ownership costs more than renting<\/h3>\n
Why renting is a growth opportunity for years to come<\/h3>\n
Almost Half of Homes in New York and D.C. Are Now Losing Value<\/h3>\n