Proceed with Caution

BY  ON OCTOBER 25, 2023

Tony Youngs says as I go to various states pursuing distressed property acquisitions, I am finding an uptick in the number of sellers that are willing to sell their off-market properties. These include probate situations, tired landlords, elderly moving to assisted living, vacant properties, bankruptcies, and pre-foreclosures. The problem is, sellers still have the impression their homes are worth a lot more than is often the case. Click here to read more.

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50 Best Places to Buy a Home for Under $250k

BY  ON OCTOBER 25, 2023

GOBankingRates rightly says that a home is one of the key elements for many Americans, providing a long-term solution to their housing and a real estate investment for their portfolio. However, as they point out, many have been priced out of the market – especially when home prices translate into a super-high down payment. Click here to read more.

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Mortgage Applications Plummet to Lowest Since 1995

BY  ON OCTOBER 24, 2023

Reuters is reporting that the Mortgage Bankers Association’s weekly index of mortgage application activity fell 6.9% in the week ending 10/13/23 to 166.9, the lowest since May, 1995. Click here to read more.

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Airbnb Users Driven to Underground Listings after NYC Crackdown

BY  ON OCTOBER 24, 2023

The New York Post is reporting that a recent crackdown on Airbnb listings by New York City has led to a black market for rentals that have now gone “underground.” The new rules imposed tougher regulations that restrict most short-term stays and limit reservations to only two guests. Click here to read more.

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The Mortgage Rate Surge

BY  ON OCTOBER 20, 2023

Infographic: Today’s graphic from the Visual Capitalist reminds us that the 30-year fixed-rate mortgage has reached its highest level since 2002. They say that with rising home prices and tight inventory, affordability is now at its lowest point in history. Click here to read more.

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Beware of Fraud

BY  ON OCTOBER 18, 2023

On a recent episode of the Rent Perfect podcast David Pickron says we’ve all been victims of fraud one way or another – even if we don’t know it. In this episode, Dave shares six simple ways to help protect you from fraud. Click here to read more.

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California Caps Security Deposits

BY  ON OCTOBER 18, 2023

As if it weren’t already hard enough to be a landlord in California; The LA Times is reporting that CA Governor Gavin Newsom recently signed several new laws to supposedly protect tenants against eviction, high rental costs, and one that caps security deposits to no more than one-month’s rent. Click here to read more.

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Yardi Says Multifamily Remains Robust Despite Challenges

BY  ON OCTOBER 17, 2023

According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,722 in September, 2023. Click here to read more.

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Tiny Homes Are Hot New Homeowners’ Accessory

BY  ON OCTOBER 17, 2023

The Wall Street Journal says the latest amenity for homeowners is another, smaller home – aka an accessory dwelling unit, or ADU. Click here to read more.

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Real Estate Trade Groups Call on the Fed to Say No to Rate Hikes

BY  ON OCTOBER 16, 2023

The Scotsman Guide is reporting that three real estate industry groups have banded together to bring attention to the Federal Reserve about what they say is havoc being caused by rising interest rates on the housing market. Click here to read more.

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