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For over 5 years the National Association of Realtors has issued their annual Home Buyers and Sellers Generational Trends Report.  This report provides insights into differences and similarities across generations of home buyers and sellers. It’s good data…these are your customers!  Happy Friday!!!

“One consistent finding for the last several years of reports has been that buyers 37 years and younger (Millennials/Gen Yers) is the largest share of home buyers at 36 percent. Sixty-five percent of these buyers were also first-time home buyers. The largest cohort in America is growing up and becoming more traditional in their buying habits.”

Hat tip to the NAR and by all means, click here to read their full report.

The post Home Buyer & Seller Generation Trends for 2018 appeared first on Real Estate Investing Today.

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The Federal Reserve Bank of St. Louis’ FRED database recently posted an interactive graph showing how many new homes were sold within 7 major price ranges going back 16 years.  FRED offers a wealth of economic data and information updated regularly and gives 24/7 access to regional & national financial and economic data.  Be sure to click on the interactive map below for more detail.

Click here to see the full data-sets at FRED.

The post New Houses Sold by Sales Prices Since 2002 appeared first on Real Estate Investing Today.

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The U.S. Government is reporting that privately owned housing starts in May were at a seasonally adjusted annual rate of 1,350,000.  This figure is 5% higher than April’s revised estimate and is 20% higher than May, 2017.  Single-family housing starts in May were at a rate of 936k, which is 3.9% higher than April.  May’s rate for units in buildings with five units or more was 404k.  Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,301,000.  This number is is 4.6% lower than April’s revised rate but is 8% higher than one year ago.  Single-family authorizations in May were at a rate of 844k, which is 2.2% below April’s revised figure.  Authorizations of units in buildings with five units or more were at a rate of 421k in May.

Click here to read the full release on Census.gov.

The post Housing Starts Up 5% in May appeared first on Real Estate Investing Today.

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The NAHB reports that industry experts have become concerned about the affordability of rental housing in America, and how difficult it has become to address the problem through new construction.  To that end, the National Association of Home Builders (NAHB) and the National Multifamily Housing Council (NMHC) conducted joint research to find out how much government regulation (red tape) adds to the cost of building new multifamily housing. The results show that over 90% of multifamily developers typically incur hard costs of paying fees to local jurisdictions – such as applying for zoning approval and when local governments authorize construction.  However;

“…government regulation can impose costs in other ways as well. Over 90 percent of multifamily developers also incur costs of delays caused by sometimes lengthy approval processes, development standards that go beyond what would ordinarily be done, changes to building codes over the past decade, and OSHA requirements…The bottom line is that regulation imposed by all levels of government (whether local, state or federal) accounts for 32.1 percent of the cost of an average multifamily development.”

Click here to read the full report on the NAHB’s website.

The post Regulations Consume >30% of a Multifamily Development’s Costs appeared first on Real Estate Investing Today.

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eCommerce behemoth Amazon.com recently narrowed down their list of finalists for their second headquarters (aka HQ2) to 19 U.S. cities and Toronto, Canada.  They determined their list using the following 6 factors;  median home prices, five-year home price appreciation, affordability, average school test scores, crime rate, and property taxes.  To better understand this information, Data powerhouse ATTOM Data Solutions recently took that list and broke it all down to show the rankings of the 19 U.S. cities as well as how each fared.

“It’s striking that 16 out of the 19 markets have median home prices that are lower than the city of Seattle, which our data shows was $585,000 at the end of Q4 2017,” said Daren Blomquist, senior vice president with ATTOM Data Solutions…”


Click here to read the full story at ATTOM Data Solutions.

Click here to read Amazon’s announcement.

The post Ranking Amazon’s HQ2 Finalist Cities by Housing Market Health appeared first on Real Estate Investing Today.

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By now, almost Americans are aware of the growing amount of student debt many folks are carrying.  In fact, according to a report from LendingTree, the total U.S. student loan debt reached $1.5 trillion earlier this year, up around $600 billion 10 years ago.  They also cite data from the Pew Research Center revealing that 37% of adults under 30 have at least some student debt.  No doubt about it, all this debt has a big impact on whether someone is able to buy a home or chooses to rent.

“Incurring student debt isn’t necessarily a bad thing, and the return on investment — for those who leave school with degrees that are valued in the marketplace — is generally well worth it. The biggest problems tend to arise when people take on debt to attend programs they don’t complete or aren’t properly accredited or are generally unethical.”

Click here to read the full story on LendingTree.com.

The post Cities With the Most Student Debt appeared first on Real Estate Investing Today.

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Detroit’s abandoned train station

A new study from 24/7 Wall Street identified what they say are the 50 worst cities in America to live in.  To come up with their list they looked at data on 551 U.S. cities with a population greater than 65k.  Then, they looked at a whole range of quality of life variables that included schools,  local economy, job market, public safety and even its climate.  They said that cities that perform well on these measures are more likely to attract new residents while those that don’t tend to drive residents away. Oh, and their number one worst city;  Detroit.  That’s brilliant…you be the judge.

“Quality of life in an American city often depends on the neighborhood one lives in, as abject poverty and crime can be found just blocks away from prosperity. Still, as much as a city can be judged on the whole, some cities face widespread problems that detract from their residents’ overall quality of life.”

Click here to read the full story on USAToday.com.

The post The Worst Cities in America? appeared first on Real Estate Investing Today.

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The professional association Counselors of Real Estate (CRE) recently issued their annual Top Ten Issues Affecting Real Estate for 2018-2019.  In a break with previous years, their new list separates issues by current and long-term concerns.   Topping their list of current concerns was “Interest Rates and the Economy” while long term they view “Infrastructure” as a major issue.  Indeed…their entire list is worth a strategic look.

“Leading the list of current issues is Interest Rates and The Economy.  As interest rates rise, the commercial and residential real estate markets are already experiencing changes – decreasing demand for commercial property, and higher home mortgage rates. Rate increases also limit value appreciation for commercial real estate and make housing less affordable…”

Longer-term, however, Infrastructure – and the lack of serious effort by the U.S. to address its condition and much-needed revitalization – leads the list of broader and emerging issues affecting real estate. Roads, bridges, airports, water and sewer lines, electricity, even public transit…are rapidly deteriorating…”

Top 5 right now:

  1. Interest Rates and The Economy
  2. Politics and Political Uncertainty
  3. Housing affordability
  4. Generational Change and Demographic
  5. E-commerce, and Logistics

Top 5 going forward:

  1. Infrastructure
  2. Disruptive Technology
  3. Natural Disasters and Climate Change
  4. Immigration
  5. Energy and Water

Click here to read the full list at CRE.org.

The post CRE’s Annual List of Top 10 Issues Affecting Real Estate appeared first on Real Estate Investing Today.

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What are the 10 calculations every real estate investor ought to know?  Today’s infographic from FortuneBuilders gives investors a comprehensive guide to the most commonly used investment property calculations in order to discover the best type of real estate calculator for your business – everything from After Repair Value (ARV)  to Gross Yield!  Indeed…….Happy Friday!!!

“Investing in a property can be exciting, but taking the time to properly analyze your deal is paramount. In some cases, what may seem like a good deal at first glance may actually cause financial pitfalls long-term.”

Hat tip to FortuneBuilders.

The post Ten Real Estate Calculations Every Investor Should Know appeared first on Real Estate Investing Today.

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According to the latest U-Haul Migration Trends Report, Houston, TX, tops the list for as the number one destination for the 9th consecutive year.  In fact, Houston saw a 5% increase since last year in one-way truck rentals.  The top-10 cities in their 50-city list are Houston, Chicago, Orlando, Brooklyn, San Antonio, Las Vegas, Austin, Philadelphia;, Charlotte and Columbus.  U-Haul bases its rankings on rankings on the total number of arriving one-way U-Haul trucks into a city during the past calendar year.   Be sure to check out their entire list of the top-50 cities to see where people are moving.

“We are an international city with a strong housing market,” stated Matt Merrill, U-Haul Company of West Houston president. “The cost of living remains relatively inexpensive. The average paycheck goes further in Houston. Many companies are relocating here and bringing jobs to our communities…”

Click here to read the full report at UHaul.com.

The post Houston Ranks as No. 1 U.S. Destination City for Movers appeared first on Real Estate Investing Today.

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