With new shifts in the rental marketplace, it is becoming clear why more and more boomers are moving into single-family rental homes. Most flock to master-planned communities, aimed at those who don’t want to deal with the maintenance of owning a home and those who are looking for the newest and most innovative amenities. This shift is showing builders that newly build SFR’s are in high-demand and are increasing at an impressive rate. Continue reading on our blog to learn more!
In over 70% of the country, average Americans cannot afford a home even as wages increase and mortgages decrease. Why is this happening? Well, according to ATTOM Data, out of the 473 US counties analyzed in a recent report, 335 of the listed median home prices were higher than what average wage earners could afford. Though, homes today are far more affordable than they were a year ago.
The nation’s first dedicated SFR/BFR (Build-for-Rent) commercial real estate brokerage SVN | SFRhub Advisors is returning as Lead Sponsor of IMN’s Single Family Rental Forum (East) May 29th-31st in Hollywood, Florida.
The number of single-family homes built-for-rent increased over the course of 2018, as construction starts of this type of housing totaled 43,000 homes, compared to 37,000 for 2017. There were 10,000 single-family built-for-rent starts for the final quarter of 2018.
Experts analyze millennials and their financial habits. These experts, according to the Business Insider, state that the Great Recession split the millennial generations into two distinct groups. As older millennials age, those who bore the brunt of the financial crisis and dealt with a tough job market, ultimately makes it harder for them to save. Younger millennials, who are experiencing the recovery period and entered a more positive job market, became risk-aware. Though these millennials are entering a better job market, they have to endure the weight of student loan debt in addition.
Want to cash in on the rental economy? You have to know where to look. Keep reading to learn more! According to the Census Bureau’s 2007-2017 American Community Survey, the cities that have seen the most significant increase in the number of wealthy renter-occupied households are Seattle and Charlotte. Keep reading to learn more about opportunity zones.
Do you know how the four core property sectors are doing the marketplace so far? According to #NREI the commercial real estate market should experience mostly steady cap rates through the first half of 2019. Keep reading to learn more.
Reported by AZCentral, there was evidence that shows home prices in Phoenix are leveling off and more homes are for sale. In January 2019, the median price was $262,100. Buyers holding out until metro Phoenix home prices begin to plummet aren’t likely to become homeowners this year. What do you think? Do you think this trend will continue throughout the rest of 2019? Let us know below in the comments!
This year's 2019 Annual Conference was such an incredible experience for everyone in attendance. The energy within the conference was one-of-a-kind. SVN recently came out with a Wrap-up, thanking everyone who attended, easily making it one of the most successful conferences in SVN history and SFRhub is so incredibly grateful we were part of the conference.
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.