Each year millions of Americans (roughly 84% of the population) will don the color green on March 17 to celebrate the patron saint of Ireland, St. Patrick. The folks over at the History Channel have put together this useful graphic to help us all understand “St. Patrick’s Day by the Numbers.” Happy Friday! And, more importantly, Happy St. Patrick’s Day!
What are the best and worst states in which to be wealthy? For what it’s worth, the folks over at GOBankingRates took a look at data from all fifty states and ranked them based on criteria such as; property crime, education, income taxes, property taxes and the average income of the top 1%. Indeed…this list is definitely debatable.
“One conclusion that could be drawn is that more rural states appear to offer a more attractive life for the 1 percent — but not in an entirely consistent fashion.”
Here is the complete list of the best states for the wealthy class:
According to the latest Yardi Matrix, U.S. multifamily rents remained steady in February, rising $1 to $1,364. Year-over-year, rent growth was 2.7% through February, which down 10 basis points from January. Interestingly, Yardi is forecasting a slowdown and they add that a growth of 2.7% is very close to the long-term average.
“Rents have barely budged over the last eight months. Average U.S. rents hit $1,363 in July, and have remained within a $2 range—between $1,363 and the all-time high of $1,365 set in August 2017—ever since. We expect growth to remain moderate this year, as metros deal with a host of issues that include the growing amount of new supply and demand for units affordable to middle-income Americans.”
“It’s important that we support the trades,” Home Depot CEO Craig Menear said in an interview. “Not only do we sell product to professionals like plumbers and electricians,” but the company also partners with service providers that install kitchen flooring, hot water heaters and other equipment in consumers’ homes.
According to their 2017 Q4 U.S. Home Flipping Report, ATTOM Data Solutions says that in 2017, 207,088 single family homes & condos were flipped representing their highest level since 2006. The 207,088 homes that were flipped in 2017 represented 5.9% of all single family home & condo sales in 2017, up from 5.7% of all sales in 2016 and represents the highest level since 2013.
“The surge in home flipping in the last three years is built on a more fundamentally sound foundation than the flipping frenzy that we witnessed a little more than a decade ago,” said Daren Blomquist, senior vice president at ATTOM Data Solutions.
National apartment listing site ABODO recently reported that the median nationwide rent price for one-bedrooms dropped slightly to $1,038. ABODO uses over 1 million listings across the United States to calculate the median 1-bedroom rent price by city, state, and nation and then track the month-over-month percentage change. To avoid small sample sizes, they restrict their analysis to cities meeting minimum population and property count thresholds.
Looking back to 2017 rent trends, one-bedroom rents followed the same downward slope in the first three months of the year, before picking up in April as temperatures — and the market — heat up.
Spring is just around the corner (March 20th) which means now is a great time to start thinking about your property’s landscaping – whether it’s a rental or that flip you’re about to finish up, a nice lawn certainly adds value. The folks over at The Home Depot put together this handy infographic with their Spring fertilization tips…..Happy Friday!