A new home market shift; home prices have increased 3.7% year over year in March, according to #CoreLogic, increasing by just 1% the month before. What do you think entails this shift? What does it mean for investors? Continue reading to learn more.
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.
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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!
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.
According to #CoreLogic, rents in the Southwest are steadily increasing, just in December, the average rent for single-family homes grew by 3.1 percent year-over-year. #Phoenix experienced double the amount, growing by 6.9 percent.
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.