Large Southern Cities Lead Nation in Growth
BY BRAD BECKETT ON MAY 30, 2023
As we have seen from recent home sales and migration data, people are “heading South.” The U.S. Census Bureau is reporting that nine of the America’s 15 fastest-growing cities were in the South. Click here to read more.
Read moreRedfin Says Landlords Facing Rising Vacancies and Lower Rent Growth
BY BRAD BECKETT ON MAY 25, 2023
A new report from Redfin says an increase of new rentals hitting the market coincided with a slowdown in tenant demand. They say even though rent growth remains positive, for the past 11 months it has been gradually cooling. Click here to read more.
Read moreStop Asking for a Mentor
BY DANIEL HART ON MAY 25, 2023
Daniel Hart says mentors are a critical part of any business, and even throughout life in general. Other people hold invaluable wisdom that helps us grow, not just as a business, but as a human being. One of the first questions he sees new real estate investors ask, often before they’ve even read a single book about investing, is “Where can I find a mentor?” or “Will you be my mentor?” Mentors are a critical part of real estate investing, and any business for that matter, but please, I beg you, stop asking for them. Click here to read more.
Read moreSeller Finance Bill Introduced in Congress
BY BRAD BECKETT ON MAY 24, 2023
In mid-May Congressmen Andy Barr (R-KY) and Vicente Gonzalez (D-TX) introduced the Affordable Homeownership Access Act. The bill seeks to provide working families with another access point to the home buying process by providing relief to individuals and small businesses so that they can sell their homes directly to a buyer without the fees associated with being a mortgage originator. Click here to read more.
Read moreAirbnb Goes Back to the Future – Introduces “Rooms”
BY BRAD BECKETT ON MAY 24, 2023
A new program from Airbnb called Rooms goes “back to the future.” The platform says their new offering is an all-new take on the original Airbnb. Click here to read more.
Read moreThe Best States for Retirement
BY BRAD BECKETT ON MAY 19, 2023
Infographic: Citing data from WalletHub, the Visual Capitalist visualizes in a fancy bar chart the best states for people to retire in. The rankings are based on 47 different metrics across three dimensions. Click here to read more.
Read moreLos Angeles’ Mansion Tax a Complete Flop After One Month
BY BRAD BECKETT ON MAY 18, 2023
After one month in effect, a tax on high-end properties in Los Angeles appears to be dud. Breitbart news is reporting that Measure ULA has brought sales of luxury homes to a halt while raising little money for affordable housing. Click here to read more.
Read more21% of Americans Currently Use Self Storage
BY BRAD BECKETT ON MAY 17, 2023
Storage.com says the storage industry has been trending for a while has momentum. In fact, their data say 21% of Americans use self storage in one form or another. In addition, there are plans to add close to 53 million more square feet of storage space in 2023. Click here to read more.
Read moreReal Estate News Brief; Hints at a Pause, Mortgage Rate Averages, ChatGPT Home Search
BY BRAD BECKETT ON MAY 16, 2023
On a recent episode of Real Estate News for Investors, Kathy Fettke discusses why economists are expecting a rate hike pause, where homeowners are paying the most and the least for their mortgages, and new home search help from a chatbot! Click here to read more.
Read moreYardi Says Apartment Demand Remains Stable Despite Slowing Economy
BY BRAD BECKETT ON MAY 15, 2023
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent was $1,709 in April. Click here to read more.
Read more