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Smart Technology Will be Soon be a Multifamily Necessity
Conventional wisdom largely restricts the topic of smart home devices to new construction and class A multifamily developments. But experts in the sector say residents at every income level are willing and eager to pay for technological upgrades. During a panel at the IMN Middle Market Multifamily Forum in Orlando, experts, ...
Chicago is the Only Major Metro Still Rated as Undervalued
In a recent survey of 20 financial centers conducted by UBS, Chicago, Ill. is still an undervalued housing territory. Of the remaining cities on the list, 16 are considered either overvalued or at risk of a bubble and three of the cities are considered fair-valued. The 20 cities evaluated in ...
Development Pipeline Creates Near-Term Risks for Multifamily
Multifamily development has ratcheted up in recent years, with more than 600,000 units delivered over the last two years and the same amount to be delivered in 2018 and 2019. Is the industry simply meeting the needs of the growing population or are we overbuilding? A study by Yardi Matrix ...
Economists Recommend Caution When Raising Rent
Rental rates have steadily risen for several years. And thanks to low rental vacancies on a national level, they are likely to continue doing so. However, some economists warn that raising rates too much—even if the market will accommodate such a move—could create a cost-burdened renting population. The balancing act ...
In the Multifamily Sector, Recession Could be Further Out than Many Think
While many analysts say they believe the U.S. economy will experience the beginnings of a recession sometime before the end of 2020, the jury is certainly still out. Panelists at the IMN Multifamily conference in Orlando, Florida set forth several alternative views to what is rapidly becoming "conventional wisdom" on ...
New York City may be Entering a Buyer’s Market
When people think of New York City real estate, they think of prices that start astronomically and head northward indefinitely. However, a new report from Warburg Realty indicates the NYC housing market has moved—“beyond any doubt”—into a buyer's market. Warburg's Founder and CEO Frederick Peters cited offers as low as ...
One-to-One with John Manes & Pinnacle Storage Properties
When John Manes, CEO of Pinnacle Storage Properties, talks about the self-storage business, he gets directly to the point: “We buy under-managed, under-enhanced, and under-expanded self-storage facilities. We go in and fix them up, increase value through revenue management strategies, do expansions when the market demands it, and take a ...
Mortgage Rates Hit 7-Year High
Last week, the Federal Reserve announced it would raise its benchmark interest rate by a quarter point. In response, the 30-year fixed mortgage rate jumped to 4.72 percent, the highest since 2011. This is up from 4.65 percent prior to the Fed’s announcement. According to Sam Khater, Chief Economist for ...
Riding the Real Estate Roller Coaster with Jamie Wooley
When Jamie Wooley, founder and owner of W Streets Inc., a Dallas-Fort Worth-based real estate solutions company, started investing in late 2015, she already knew she had no plans to take things slowly. That was why four months earlier, she had turned in her notice where she worked as an ...
Are You Ready For The Georgia Super Tuesday Auction?
This content is sponsored by Auction.com. Learn more about Auction.com here. So you’ve been watching all the real estate shows on television and you’re ready to head to the auction to buy your first property. While I must admit that Georgia live auctions are extremely exciting, you need to be prepared ...
I have used letters to reach motivated sellers and find leads on deals for more than 25 years. While many real estate investors have moved away from white and yellow letters (more on the color distinction in a minute) to postcards, I find that my target audience responds better to ...
Tips to Survive the Middle of a Property Flip
When you hear the words “fix-and-flip” or, as I usually hear it at work, “flip” (sometimes with an unprintable adjective thrown in there as well), you probably immediately think of beginnings and endings. If you’re like most people, you think about the beautiful finished product of a cash-flowing rental or ...
Fewer Home Sales Closed in August
It's been eight months in which pending home sales volumes have fallen, reports the National Association of Realtors (NAR). This may be a sign more buyers are being priced out of the market, NAR warned. The western United States had the largest declines—the region in which home prices have risen ...
Two Most Common Exterior Materials for New Homes
New homes in the United States most commonly use vinyl and stucco siding on their exteriors. According to the Census Bureau’s Survey of Construction, 27 percent of new homes in 2017 had vinyl siding, and 25 percent of homes had stucco siding. Brick and brick veneer followed with 21 percent, ...
Hurricane Florence Highlights Homeowners Without Flood Insurance
Hurricane Florence is estimated to have caused between $38 billion and $50 billion in total economic losses. Flood insurance is not part of a standard homeowner’s insurance policy, although many people assume coverage. Most homeowners who take out flood insurance do so through the National Flood Insurance Program (NFIP). Unfortunately, ...
Market Trend Spotlight: 3 Indicators of Effective Community Revitalization
As the third quarter of 2018 begins, both national and local housing markets are still experiencing pinched inventory. That is good news for today’s sellers and rental investors, who hope to garner top dollar in tight markets for both retail sales and rental properties, but it makes the classic real ...
Homeowners Own $6 Trillion in Tappable Equity
Headlines are full of warnings about the housing market cooling, but homeowners are not necessarily heading for a world of pain this market correction. According to Black Knight, U.S. homeowners with mortgages currently hold about $6 trillion in "tappable” home equity. Tappable equity is the most money a homeowner could ...
How the Latest Kitchen Cabinetry Trend Could Affect Your Design Decisions
This content is sponsored by 84 Lumber. Learn more about 84 Lumber here. 10 years ago, the drivers of kitchen design were “big,” recognizable brand names (think MasterBrands or Kraftmaid) and maybe a few individual celebrities. Today, one of the biggest style drivers of them all is somewhat surprising: IKEA. That’s ...
The Investor’s Guide to Building a Full Credit Picture
Real estate has always been about credit, even before Congress created Fannie Mae and Freddie Mac in 1938 and the wheels were set in motion to create today’s extremely credit-dependent home-lending environment. As far back as the 9th century, lords of the manor on feudal estates documented rents collected (and associated ...
Increased Listings May Stabilize the Market Sooner Than Expected
As media headlines speculate about the possibility of a housing market correction in the next 24 months, buyers and sellers are adjusting their perspectives. Existing home sales are down slightly over a year ago, indicating the market is shifting from a seller's market, and into a buyer's market. According to ...
10 Real Estate Calculations Every Investor Should Know
In real estate, not everything will fit into a neat little box. Creativity is a must. However, there is indisputably a mathematical side to successful real estate. Sooner or later, you must put pen to paper and figure out if it makes sense to buy a particular property. These 10 ...
3 Tips for Maximizing Facebook Results
No matter how many articles you read about how Facebook is fading, the truth is that nearly every active real estate professional is still on the platform. That fact combined with Facebook’s extremely simple user interface for boosting posts makes it a very attractive promotional venue for investors regardless of ...
Agents Credit Social Media for Highest Number of Quality Leads
Real estate agents are reporting their best leads come from social media. In fact, they cited leads from social media as being better quality and coming in higher volumes than other leads. Other leads include MLS sites, brokerage sites, and listing aggregators. This information was recently released by the National Association ...
Think Realty announces 2018 Think Realty Honors winners
Think Realty announces its 2018 Think Realty Honors winners. The winners are peer-nominated investors who excel within their industry niche. This year, over two hundred unique nominations were submitted. Finalists were selected by an independent panel of prior Think Realty Honors recipients, and winners by a panel of Think Realty ...
5 Hottest ZIP Codes for Millennial Living
Millennials remain the largest single home-buying population in the country, and rising home prices are not removing their determination to live – be it by purchase or rent – in urban areas. According to information from the U.S. Census Bureau as analyzed by RentCafé, “millennials are still showing a strong preference ...
