It's no surprise the rental market is hot, Americans have been living in rental properties for a long time and that number soared to 37% since 1965. Industry experts say the current economic climate has created a perfect storm for the single-family rental market’s success. Student debt, a tight job market, and the inability to save for a down payment have kept a number of potential home buyers out of the market.
Have you thought about investing in build-for-rent? Build-for-rent communities are designed to fit the privacy and affordability needs of younger buyers shopping for a mortgage loan and boomers looking to downsize.
Kevin Maggiacomo, CEO and president of SVN explains why brokers can't ignore tech. High-tech innovation is too big to be put on the shelf. Now more than ever are CRE brokers relying on technology to streamline the process. Learn more by checking out the article below.
Now more than ever are Americans moving away from high-tax states to those with lower taxes. According to the most recent Census Bureau data on state-to-state migration flows, 523,000 people moved to California from other states. Texas and Florida were the big winners in overall population gains, with the Lone Star State gaining more than 379,000 residents from 2017-18 and the Sunshine State posting a gain of more than 322,000. What do you think this means for investors?
Many factors influence a family’s choice when considering where to buy a home. When buyers choose to stay within their current metro, school district, crime statistics and commute time can influence their buying decisions. For buyers who decide to relocate, affordability, preferable weather and economic opportunities are often the driving factors. According to CoreLogic data, about four-in-five buyers in 2018 wanted to buy in the same metro, and one-in-five chose to move to another metro.
Columbia, South Carolina is experiencing incredible growth speed as the state’s capital and second largest city. With high affordability for both renters and single-family rental investors, it’s an easy decision the metro area is growing. The southwestern metro area is where investors can find single-family rental homes with attractive double-digit yields.
2019 for commercial real estate is full of high expectation, especially for the Phoenix area. Just like 2018, 2019 will have major positive economic signs such as strong population growth, solid job numbers, and a continuous business-friendly environment. The industrial market is riding a long run of near record-breaking net absorption of nearly 8 million square feet a year. That’s a lot of money! Keep reading to continue learning more.
CoreLogic has stated that #SFR prices increased 2.9% annually in November 2018 while home prices crawled a 5.1% gain in November, since August 2015. First-time buyers are remaining renters, boost the increase of the SFR market. What do you think of this vertical market? What are the expectancies for 2019?
According to RentCafe, the annual increase in the number of high-income renter-occupied households has been consistently faster compared to owner-occupied households. Why do you think this shift has occurred? Keep reading this article by RentCafe to learn why.
For many years, Congress has given tax credits for the investment in Qualified Opportunity Zones. With the passage of the Tax Cuts and Jobs Act of 2017 (TCJA), codified in the new IRC Section 1400Z, includes new incentives for the investment in qualified opportunity zones.