Oakland Bans Criminal Background Checks for Screening Tenants

BY  ON FEBRUARY 12, 2020

Late last month, the city of Oakland, California passed an ordinance prohibiting landlords from asking about a potential tenant's criminal history or even rejecting them for having a criminal record. As reported by the LA Times, Oakland's ordinance is "the strictest of its kind in the state, covering both public and private housing." Click here to read more.

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Large Cities See Rise in One-Person Households

BY  ON FEBRUARY 11, 2020

According to recent census data, the share of single-person households has been significantly rising in America's largest cities. A recent report from Yardi's Point2Homes says that residents from established urban areas are increasingly living on their own. Click here to read more.

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2020 Rent Control Threats

BY  ON FEBRUARY 11, 2020

Recently, the National Multifamily Housing Council issued an analysis of 2019's housing market as well as looking forward into 2020.  They rightly say that rent-control is an "existential threat to the industry" that needs to be a top priority. Click here to read more.

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Remodeling Magazine's 2020 Cost vs Value Report

BY  ON FEBRUARY 10, 2020

Remodeling Magazine recently released their 33rd annual Cost vs. Value Report comparing 22 remodeling projects & upgrades with the value they retain when the property is sold in 101 U.S. housing markets. Click here to read more.

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Developers Build More Luxury Apartments Than They Have in Decades

BY  ON FEBRUARY 10, 2020

The Wall Street Journal is reporting that the nation's builders are on track to finish more new apartments in 2020 than in any year since the 1980s, however data from RealPage shows these new units are trending toward the higher end. Click here to read more.

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Idaho Is America's Top Moving Destination

BY  ON FEBRUARY 5, 2020

We recently posted moving data from Atlas Van Lines, now it's United Van Lines' turn. According to their 2020 National Movers study, Idaho had the highest percentage of inbound migration, which marks their first time leading the list in over 25 years. Click here to read more.

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Expand Your Portfolio by Investing in Short-Term Rentals

BY  ON FEBRUARY 4, 2020

In a recent episode of the Rent Perfect podcast, David Pickron talks about the increase of short-term rentals and how property owners are finding new and creative ways to be landlords. Click here to read more.

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HUD Issues Guidance on Reasonable Accommodations for Assistance Animals

BY  ON FEBRUARY 4, 2020

The U.S. Department of Housing and Urban Development (HUD) recently announced the publication of guidance clarifying how housing providers can comply with the Fair Housing Act when assessing a person's request to have an animal in housing to provide assistance because of a disability. Click here to read more.

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Report Lists 25 Cities Best Positioned For Economic Advancement

Consumer finance education site LendEDU took a look at hundreds of America’s cities to find & rank those which are best positioned for economic advancement over the new decade.  Their report analyzed a several factors including recent income growth, population changes, and educational attainment levels.  Interestingly, several of the cities are in California which has been experiencing population loss for a variety of reasons. Indeed…

“The 2020s will inevitably bring drastic changes that will impact the lives of millions of Americans; this list estimates which places in the U.S. will experience the most profound economic changes, whether for better or worse, over the next 10 years.”

The top 25 U.S. Cities Best Positioned For Economic Advancement in the New Decade are:

  1. San Diego
  2. Reno
  3. Los Angeles
  4. San Francisco
  5. Miami, FL
  6. San Jose
  7. Stockton, CA
  8. Charleston, SC
  9. Fresno, CA
  10. Orlando
  11. Portland, OR
  12. Atlanta
  13. Provo, UT
  14. Sacramento
  15. Riverside, CA
  16. Austin, TX
  17. Savannah, GA
  18. Raleigh, NC
  19. Chicago
  20. Seattle
  21. Charlotte, NC
  22. Santa Rosa, CA
  23. St. George, UT
  24. Cape Coral, FL
  25. Boston

Click here to read the full story at LendEDU.com.

 

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Buy or Rent in 2020?

Is it better to buy or rent?  That’s an age-old question that really depends on a lot of variables – especially an individual’s station in life.  In their recent 2020 Rental Affordability Report, ATTOM Data crunched the numbers to show that owning a median-priced, three-bedroom home is more affordable than renting a three-bedroom property in 455 (53%) of  855 U.S. counties analyzed for their report.  Specifically, they looked at recently released fair market rent data for 2020 from HUD, wage data from the Bureau of Labor Statistics along with public record sales deed data from ATTOM Data Solutions in 855 counties that had sufficient home sales data.  Be sure to click on the map below to make it interactive and then drill down into your area of investing interest.

“Home ownership is a better deal than renting for the average wage earner in a slim majority of U.S. housing markets. However, there are distinct differences between different places, depending on the size and location from core metro areas,” said Todd Teta, chief product officer with ATTOM Data Solutions.

Click on the map to make it interactive

Click here to read the full report at ATTOMdata.com

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