Zillow’s 10 Best Metros for First-Time Home Buyers in 2023
BY BRAD BECKETT ON DECEMBER 13, 2022
A recent analysis from Zillow says as the share of buyers purchasing a home for the first time rebounds to pre-pandemic levels, Wichita, Kansas tops the list for for potential first-time home buyers. Click here to read more.
Read moreBlack Knight Says 8% of Mortgaged Homes Purchased in ’22 are Underwater
BY BRAD BECKETT ON DECEMBER 12, 2022
According to Black Knight’s latest Mortgage Monitor, 8% of all homes purchased with a mortgage in 2022 are now at least marginally underwater and nearly 40% have less than 10% equity stakes in their home, a situation most concentrated among FHA/VA loans. Click here to read more.
Read moreMetros Where Sellers Are Cutting Prices
BY BRAD BECKETT ON DECEMBER 12, 2022
Recently we posted about the record number of delistings. Now, a recent report form Realtor.com says that in several U.S. metros, as many as half of the homes on the market have cut their listing prices. Click here to read more.
Read moreRising Rents? NMHC Says Blame Short Supply
The National Multifamily Housing Council says “Econ 101” is the real reason rental rates have been rising in recent months and not price gouging, as many have been quick to say. Click here to read more.
Building Materials See Price Declines for 2nd Consecutive Month
Prices for Building materials have been decreasing the past few months, according to recent data analyzed by the NAHB’s Eye on Housing. Click here to read more.
Airbnb to allow Tenants to Host Apartments on their Platform
Last week, we posted about how Airbnb rolled out new software to screen & prevent parties. Now, CNBC’s Diana Olick reports that Airbnb has a new program allowing tenants to host their apartments on the Airbnb platform. The Wall Street Journal says some of the biggest landlords & property managers in the country have partnered with them as well. Click here to read more.
Homeownership Wins Over Time
BY BRAD BECKETT ON NOVEMBER 18, 2022
Infographic: We’ve had many posts about how real estate is the best investment, time and time again. Today’s infographic from Keeping Current Matters reminds us that homeownership is in fact a form of building wealth. Click here to read more.
Read moreEvictions and Trusts
BY JEFFERY S. WATSON ON NOVEMBER 16, 2022
Jeff Watson says not long ago, he did a short series on trusts being used by real estate investors. Recently, a memo came across his desk recently from a highly-respected eviction attorney in Cleveland, Ohio. The Cleveland Municipal Housing Court is now doing something that will probably spread to other states and cities. They are now requiring additional documentation when the owner of the property is a trust and the trustee is doing the eviction. Click here to read more.
Read moreYardi Says Rents Rising Modestly as Rate Hikes Take Center Stage
BY BRAD BECKETT ON NOVEMBER 16, 2022
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were $1,727 in October, up $3 from September. Click here to read more.
Read moreSquare Footage Is Now Worth Slightly More in the Suburbs Than Cities
BY BRAD BECKETT ON OCTOBER 25, 2022
Redfin says space in suburban homes was worth more than space in urban areas for the first time since they started tracking this data in 2018. Click here to read more.
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