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U.S. Homeowner Equity Passes $1 Trillion Mark
Just under two-thirds of homeowners saw double-digit increases in their home equity between March 2017 and March 2018 according to CoreLogic. That increase equated to a total gain of $1.01 trillion, which contributed to a decline in negative equity over the same period. The total number of mortgaged residential properties ...
Real Estate Agent Sets World Record: $1.9 Billion Sold
Let the “everything’s bigger in Texas” jokes begin. Ben Caballero will laugh all the way to the bank. Caballero, who already held the world record for selling $1.444 billion worth of homes in 2016, topped that record in 2017 with $1.906 billion in home sales. Caballero sold 3,556 homes in ...
Case Study: A Unique Master-Planned Subdivision Investment
The U.S. population is growing, households are forming, and yet, there is a shortage of residential housing. This supply/demand imbalance is driving property values up, creating a unique opportunity for developers. However, builders are still gun-shy after the housing meltdown of 2008. As such, many are avoiding the development of ...
Behind the Scenes: Commercial Real Estate Conversion
PROJECT BREAKDOWN Purchased: July 2015 Opening Date: January 2017 Investment: Just under $2 million Payoff: + Corporate campus bringing 65 full-time jobs from ZIP code 38117 to 38122 + Host location for small businesses, church plants, and job trainings + Local area beautification Difficulties encountered: - Upgrading all major systems ...
Regional Real Estate Spotlight: Southern California
Southern California, often referred to as SoCal, is defined in many ways. You can use the term to refer to California’s 10 southernmost counties. You could use it to refer to the geographic area surrounding three of the country’s largest metropolitan areas and those areas themselves. You could use it ...
“Cluster Mailboxes” Affect Developments, Demand
To reduce or even eliminate sidewalk and curbside delivery, the U.S. Post Office has begun encouraging a new form of mass mail delivery. Nearly two-thirds of single-family builders report they have had a local post office request “cluster mailbox” installations for new developments. Cluster mailboxes serve a group of homes ...
Top 3 Reasons Closings Were Delayed in April 2018
About one in every five closings were delayed or terminated in April 2018, according to findings from the Realtors Confidence Index, released by the National Association of Realtors (NAR) this week. 17 percent of April’s closings were delayed. 5 percent were terminated. The survey is based on responses from more ...
The Best Counties for Buying Single Family Rentals
ATTOM Data Solutions analyzed 449 U.S. counties for potential single family rental returns in 2018 to help real estate investors identify the best places for buying single family rentals this year. Rental data was from the U.S. Department of Housing and Urban Development, and home price data was from publicly ...
Case Study: Moving from Single-family to Self-storage Investments
*Sponsored Content Long before John Manes and Robby Dunn launched Pinnacle Storage Properties, and eventually partnered with Erik Osterhus, they both owned single family and multi-unit real estate investments. Like many novice investors, they spent time fixing toilets, rehabbing units, cleaning carpets and investing time, energy and effort into working ...
Case Study: Moving from Single-family to Self-storage Investments
Long before John Manes and Robby Dunn launched Pinnacle Storage Properties and eventually partnered with Erik Osterhus, they both owned single-family and multi-unit real estate investments. Like many novice investors, they spent a great deal of time fixing toilets, rehabbing units, cleaning carpets, and investing time, energy and effort into ...
Commercial Real Estate Value Factors You See Every Day
When you drive by a strip mall, you probably notice it in an absentminded sort of way. Maybe you get a little hungry if there is a popular restaurant you particularly like out front, or maybe you remember you had been meaning to stop by that big-box arts-and-crafts or DIY ...
3 Times Using Photo Requests to Validate Maintenance Issues Backfired
As property managers, it is our job to protect our landlords and teach them best practices when it comes to tenant requests, especially maintenance requests. We want to help them build a successful business and reach their portfolio goals, and one way to do that is by having strict processes ...
3 New Rental Housing Laws Landlords Should Know
Three legislative bills passed during Q2 2018 that will impact rental property owners. These three bills either directly affect landlords because they are national policy or may affect landlords in the future, if their state decides to follow suit and pass similar legistlation. The Economic Growth, Regulatory Relief, and Consumer ...
Pensacola: A Primer on Job Migration to Affordable Housing Markets
The Amazon HQ2 bidding war is so huge that hundreds of economic development offices have mailed in their proposals and plans (see the 20 finalists here). Yet Amazon is not the only corporate behemoth looking for a home. There are other big organizations seeking new places to locate or expand ...
Renovation Rockstar: Panama City A-Frame
Featured investors: Troy and Angela Schuberg, Bliss and Brick Purchase Price: $125,300* List Price: $294,700 Parcel 2 Sale Price: $79,500 ARV: $299,000 Timeframe: ~13 months** Original Details: 3 bedroom, 2 bathroom*** Final Details: 4 bedroom, 2 bathroom, 1,920 square feet *The original purchase included an adjoining lot with a garage ...
Consumer Reports Releases Top Exterior Paint Colors for 2018
Consumer Reports released it's "Hottest Exterior Paint Colors of 2018" which outlines this year's most attractive exterior colors as well as which brand carries them and which sheen works best for the outside of a home. The company scored paint colors and manufacturers based on attractive shades, price point, and durability. ...
Phoenix Area Flipping Data Illuminates National Trends
A recent report from ATTOM Data Solutions about national flipping trends stated that about one in every 10 homes in Phoenix, Arizona metro area market is a flip. Only five markets posted higher numbers than this. Even though Phoenix is a hot spot for flippers, it is not necessarily a ...
Rental Concessions Increasing in Today’s Multifamily Market
Rental rates keep rising nationally, but renters are getting more bang for their buck these days due to an increase in rental concessions. According to a report from CoStar, an increasing number of developers are offering concessions to new and renewing residents in order to keep occupancy up. Lynn Bora, ...
3 Crucial Questions to Ask Before Investing in Hyper-Localized Housing Markets
Thanks to the overwhelming presence of technology in our lives today, real estate markets are becoming hyper-localized. I tend to blame our reliance on web-based social networks. After all, we can now poll our 500 closest friends about the relative merits of a neighborhood, a local middle school, or even ...
Investor Spotlight: Stephen Rosenberg
When Stephen Rosenberg started Greystone & Co. with a telephone sitting atop a desk made from an unpainted wood door and two rusty file cabinets, it was easy to maintain his focus on keeping humility within his corporate structure. “We had plenty of humility back then,” he recalled. “We had ...
The Advantages of “Middle Market” Commercial Real Estate
Everyone likes a trophy, and glamorous properties in big cities have certainly benefited from the recent strong real estate market. But much less attention has been paid to the resurgence of “middle market” commercial properties. We’ll explore here the opportunities offered by smaller-value transactions in areas not considered “gateway” markets ...
2 Flipping Indicators Most Investors Miss
The housing market is hotter than ever, but nearly every active real estate investor across the country insists change is in the air. From buy-and-hold investors to fix-and-flippers, the real estate investing community has an eye on the housing market’s “tipping point.” In hot markets like Seattle, Washington, and Washington, ...
Corporate REI Club Helps Employees Invest in Real Estate
A buzz of anticipation filled the first Affinity Real Estate Investment Club meeting. “So, show of hands. Who in the group has never before invested in real estate?” asked Mike Wrenn, Chairman of Affinity Worldwide, Think Realty’s parent company. About two thirds of the members raised a hand. “Okay, who ...
Hurricane Season Begins with 7 Million Homes at Risk
The official start of hurricane season was June 1 this year, and in preparation, CoreLogic released a memo on the topic. “This year, nearly 7 million homes are at risk of a hurricane storm surge,” CoreLogic analysts wrote. Their analysis was based on data from 2017 and forecasts from the ...
First-Time Homebuyers Make Up Nearly Half Q1 Freddie Mac Financing
According to Freddie Mac’s first-quarter home lending data, nearly half of all borrowers who took out home mortgages during the first three months of this year were first-time homebuyers. Those borrowers’ median age is 32, according to the National Association of Realtors (NAR). Freddie Mac chief economist Sam Khater called ...
