Today is Valentine’s Day and the folks over at Apartment List took a deep-dive into data from dating site Bumble to come up with the best cities in America for dating. To get their list they looked at 85 cities across the nation and cross-referenced their Dating Satisfaction Score (from Apartment List’s Annual Renter Satisfaction Survey) to determine their list, ranking the cities from highest to lowest based on these satisfaction scores (highest to lowest). “Dating season is in full swing as people re-emerge from the holidays and get ready to find a new partner just in time for Valentine’s…
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in January increased $8 to $1,604 (up 13.9% year-over-year). Yardi says January’s performance is a sign that demand remains robust. “While rents are unlikely to remain in the 13% growth range throughout 2022, January’s performance is a sign that demand remains robust. Some 460,000 multifamily units were absorbed in 2021, according to Yardi Matrix data, more than double the previous year and more than 50% above the previous annual high.” Click here to read the full report at Yardimatrix.com.
This weekend the Cincinnati Bengals will face off against the Los Angeles Rams in Super Bowl LVI. Statista points out that while this will be the 3rd Super Bowl for the Bengals, it will be the 5th appearance for the Rams. Today’s graphic takes a look at which teams have had the most Super Bowl Appearances as well as wins. Interestingly, since 1967 there are only 4 teams that haven’t played in the “Big Game.” As always, safe safe and have a Happy Friday!! Hat tip to Statista.
The NAHB’s Eye on Housing recently took a close look at recent Census data to reveal that, in 2021, the U.S. experienced the lowest level of growth on record. According to the data, U.S. population increased by 393,000 to an estimated 332 million from the previous year. However, 2021’s estimated population growth rate of 0.12% was the lowest on record since the Census Bureau began collecting this data back in 1900. Click here to read the full report at the NAHB’s Eye on Housing.
A new report from Harvard’s Joint Center for Housing Studies says spending on home improvement & repairs is expected to grow at a stronger pace in 2022, however they say there are signs pointing to an easing of that growth by the end of the year. In addition, their Leading Indicator of Remodeling Activity (LIRA) says double-digit gains in annual homeowner renovation & maintenance expenditures will top out in Q3 2022 before beginning a deceleration toward more sustainable rates of growth. “Strong increases in home sales activity, household incomes, and home equity levels are supporting a faster expansion of the…
Zillow says it expects home values to grow 16.4% over 2022 as well as predicting a growth rate of 7% for existing home sales – to levels not seen since 2005. In addition, their report says annual home value growth will likely peak & plateau in the early months of 2022 before slowing somewhat through the end of next year. These predictions are from Zillow’s most recent Home Value & Sale Forecast which covers the time Click here to read the full report at Zillow.
On a recent episode of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick talked with Van Sturgeon, an experienced entrepreneur, developer, general contractor, and rehabber who owns over 1,000 properties across North America. Van talks listeners through the do’s and don’ts of a successful rehab and share tips on how to save money on renovations. He shares the improvements he makes that have the highest return on investment, how to find and negotiate with trusted contractors, and why you need to have a payment schedule and a plan in place before you begin. “One of the biggest…
A new report from RentCafe says built-to-rent homes are expected to hit all-time highs in 2022, fueled by a need for space & privacy. They say that 2021 was a record year for single-family rental home construction, with 6,740 new built-to-rent homes completed and nearly 14k set to open their doors to renters in 2022. Indeed… “Cleverly described by some as “horizontal apartments,” communities of houses built for the sole purpose of renting are becoming the hottest topic in residential living. But, single-family rentals are not a new concept. Although they proliferated in the aftermath of the 2008 housing crisis,…
The U.S. government is reporting that the national vacancy rates for Q4, 2021 were 5.6% for rental housing and 0.9% for homeowner housing. The national homeownership rate for Q4, 2021 was 65.5% (about the same as Q3). In addition, approximately 89.5% of the housing units in the United States in Q4 were occupied and 10.5% were vacant. Owner-occupied housing units made up 58.6% of total housing units, while renter-occupied units made up 30.9% of the inventory. Click here to read the full release at the U.S. Census Bureau.
The U.S. government is reporting that total construction spending in December was at a seasonally adjusted annual rate of $1,639.9 billion, which is up 0.2% from November’s revised estimate. Residential construction came in at a seasonally adjusted annual rate of $810.3 billion in December, 1.1% above November’s revised estimate. Click here to read the full report at the U.S. Census Bureau.
