Tag Archives: economy

The Mortgage Market Is About To Get Smaller

The Mortgage Market Is About To Get Smaller

Posted on 27. Feb, 2014 by .

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As 2014 begins a bureau created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, The Consumer Financial Protection Bureau (CFPB), will set new rules concerning mortgages. Lenders will be required to verify and inspect borrowers’ financial records. The rules discourage lenders from allowing borrowers to carry total debt payments totaling more than 43 percent of the person’s annual income.

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It’s Tough To Afford To Be A Renter These Days

It’s Tough To Afford To Be A Renter These Days

Posted on 17. Feb, 2014 by .

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Housing affordability isn’t looking too promising as 2014 begins. If you listen to the National Association of Realtors the opportunity to be a homeowner hasn’t been this affordable in a long time. If you review Figure 2 below you’ll get the impression that American housing is now extremely affordable and the typical household can easily make the monthly mortgage payment on a home. Thanks to historically low interest-rates, fixed rate mortgages have become more affordable for some American families and many analysts expect that this cheap credit will fuel another housing boom.

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Top 10 Metros With Highest Occupancy Rates

Top 10 Metros With Highest Occupancy Rates

Posted on 29. Jan, 2014 by .

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A recent report by Dallas based-research firm Axiometrics lists the top 10 metros with the highest occupancy rates. According to the report, three metro areas in Florida have occupancies greater than 95 percent.

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Will the Home Sales Spree Soon Leave Owners Holding the Bag?

Will the Home Sales Spree Soon Leave Owners Holding the Bag?

Posted on 16. Dec, 2013 by .

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Has the housing market begun to plummet due to rising interest rates? Are rental housing values about to crash? Those who read my articles know I’m frequently asking the questions that rental property owners and managers should also be asking. The answers are vitally important during these uncertain economic times. As of November 27, 2013 the yield on the 10 year Treasury bond sits at 2.74%. This is the benchmark interest rate impacting home mortgage rates, and it’s been stuck around this level for months.

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Rents Rising At Alarming Rate

Rents Rising At Alarming Rate

Posted on 13. Dec, 2013 by .

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Since the housing crash in 2008, 4.6 million homes were lost to foreclosure causing the majority of those homeowners to become renters, according to CoreLogic. According to Harvard’s Joint Center for Housing Studies, there are now 43 million renter households. That’s 35 percent of all U.S. households, the highest rate in more than a decade for all age groups and 4 million more renters than there were in 2007.

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Permits To Build Apartments Hits 5-Year High

Permits To Build Apartments Hits 5-Year High

Posted on 02. Dec, 2013 by .

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U.S. developers received approval in October to build apartments at the fastest pace in five years which could lead to economic growth. According to the Commerce Department, permits to build houses and apartments were approved at a seasonally adjusted annual rate of 1.034 million.

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10 Housing Markets On The Rebound

10 Housing Markets On The Rebound

Posted on 12. Nov, 2013 by .

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According to a recent review of third quarter 2013 housing data by realtor.com, the housing recovery was led by a variety of cities from Detroit to Santa Barbara, CA. The survey ranked housing markets based on their inventory of available homes, average number of days that their properties are on the market and their median list prices.

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Housing Recovery Remains Relatively On Track After Government Shutdown

Housing Recovery Remains Relatively On Track After Government Shutdown

Posted on 17. Oct, 2013 by .

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As a result of the government shutdown and Congress temporarily raising the debt ceiling consumer confidence in the housing market may be affected. According Fannie Mae’s recent outlook the housing recovery will only be briefly interrupted.

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Multifamily Mortgage Delinquency Rates Drop

Multifamily Mortgage Delinquency Rates Drop

Posted on 17. Sep, 2013 by .

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According to a report from the Mortgage Bankers Association, multifamily mortgage delinquency rates declined in the second quarter of 2013, a sign of a strengthening multifamily market.

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What Is The Rental Rush?

What Is The Rental Rush?

Posted on 16. Aug, 2013 by .

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Across the country, the “rental rush” is starting to set in, and for the first time since the housing market bubble busted in 2008, home prices are at the highest ever. The housing prices are having an unintended effect on the rental market, which has led to a growth spark within the property management industry as a whole.

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Property Investing – Go For The Cash Flow, Not Location, Location, Location

Property Investing – Go For The Cash Flow, Not Location, Location, Location

Posted on 15. Jul, 2013 by .

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When discussing real estate investments, we often hear people say the three most important words in real estate are location, location, location. And while “3L” properties may be some of the finest looking and most prestigious properties to own, the reality is that they are generally very poor investment choices. The reason is that the investment returns on these location properties are typically very low; and one should strive for better investment returns to compensate for the risk.

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Rent Is The New Buy (Infographic)

Rent Is The New Buy (Infographic)

Posted on 07. Jun, 2013 by .

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According to the National Association of Realtors, 5 to 6 million new renter households will be created within the next 10 years. In this infographic, we take a look at why most renters are opting not to buy a home and why it’s currently a renter’s market.

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The Challenges Of Home Ownership Make Renting Very Attractive

The Challenges Of Home Ownership Make Renting Very Attractive

Posted on 05. Jun, 2013 by .

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Those of us who bought our homes towards the top of the last housing bubble (2003-2007) are relieved to hear that the average price for houses is climbing steadily in most regions of the U.S. Yet for many the cost of buying a house is still making it difficult or impossible to become homeowners. Even though interest rates are still at all-time lows, it’s still tough to qualify for a mortgage.

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U.S. Homeownership Hits 17-Year Low

U.S. Homeownership Hits 17-Year Low

Posted on 08. May, 2013 by .

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Homeownership in the U.S. fell to a 17-year low in the first quarter while an increase of Americans opted to rent following the housing collapse. According to the Commerce Department, the seasonally adjusted homeownership rate fell to 65.2 percent, the lowest since the fourth quarter of 1995.

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Rising Rents Are Hot But Facts Show They’re Cooling Down

Rising Rents Are Hot But Facts Show They’re Cooling Down

Posted on 19. Apr, 2013 by .

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Single family housing rents rose once again in the first quarter of 2013. Yet signs are beginning to reveal themselves that the seemingly endless months of rising rents may be coming to an end. The reasons are numerous but the biggest is a marked increase in the supply of rental units.

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U.S. Housing Starts Rise

U.S. Housing Starts Rise

Posted on 16. Apr, 2013 by .

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Housing starts in the U.S. jumped in March while multifamily projects reached a seven-year high. According to the Commerce Department, housing starts rose 7 percent to a 1.04 million annual rate, the most since June 2008.

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Housing Rebound Continues Unabated With New Home Sales Soaring

Housing Rebound Continues Unabated With New Home Sales Soaring

Posted on 05. Apr, 2013 by .

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Believe it or not the housing industry is making a stellar comeback. After a collapse in residential construction during The Great Recession which began in 2008, new home construction is leading the housing recovery. The Commerce Department reported on March 19, 2013 that housing starts rose in February to a seasonally adjusted annual rate of 917,000.

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Investors Buying Up Homes, Becoming Landlords

Investors Buying Up Homes, Becoming Landlords

Posted on 26. Mar, 2013 by .

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The housing market is slowly improving with investors fueling the recovery. Investors currently make up about 32% of the home sales nationally, according to the National Association of Realtors.

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Homebuilder Confidence Drops in March

Homebuilder Confidence Drops in March

Posted on 18. Mar, 2013 by .

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Homebuilder confidence unexpectedly fell for a second month in March. The National Association of Home Builders/Wells Fargo index of builder confidence dropped 2 points to 44 this month.

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Developers Help Buyers Qualify and Home Sales Soar

Developers Help Buyers Qualify and Home Sales Soar

Posted on 13. Mar, 2013 by .

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The home-buying market is on fire, especially for newly built houses. New home sales surged almost 29% in January compared to January 2012. This is the highest annual sales rate in four years according to figures released by the Commerce Department on Tuesday, Feb. 26th. Existing home sales also rose in January 2013 by 9.1%. Ironically, even though new houses (new construction) cost buyers approximately 37% more for the same square footage as previously owned houses, it’s the new homes that are selling at the hottest pace.

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Historic Mall Converted into Micro-Apartments

Historic Mall Converted into Micro-Apartments

Posted on 04. Mar, 2013 by .

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One of America’s oldest shopping malls in downtown Providence, RI shut down by the recession will now be converted into micro-apartments and micro-retail.

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America On The Move (Infographic)

America On The Move (Infographic)

Posted on 07. Feb, 2013 by .

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According to the Geographical Mobility 2012 report by the United States Census Bureau, Americans are finally relocating after record low numbers in 2011. So what finally got them to pack up and move out?

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As Goes Housing So Goes Property Management

As Goes Housing So Goes Property Management

Posted on 30. Jan, 2013 by .

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It seems like every month we’re reading or hearing about the resurgence in home sales and prices. I’m confident that in most regions of the country the bottom has been established for the housing market, yet it’s good to see more clues (data) that confirm that the housing bust is over for now.

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Three Forces Driving Real Estate Sales and Prices

Three Forces Driving Real Estate Sales and Prices

Posted on 08. Jan, 2013 by .

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An investor friend of mine called recently to ask if I could recommend some competent property managers in our area. Fortunately I knew of several so I gave him the names plus the pros and cons of each one (my way of being helpful and objective). In the course of our conversation he told me that mid-range houses were being snapped up by income-oriented investors the same day they were put on the market for sale.

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