Author: Brad Beckett

The National Multifamily Housing Council (NMHC) says that 79.2% of apartment households made a full or partial rent payment by February 6th, 2021.  This figure is 1.9% lower than those who paid rent through February 6, 2020 and higher than the 76.6% that paid by January 6th, 2021.  The data comes from the NMHC’s Rent Payment Tracker which uses data from 11.4 million professionally managed apartment units across the country. “As we approach almost a full year of navigating the pandemic and the resulting financial distress, we remain encouraged by the COVID relief package passed at the end of 2020…

The Federal Housing Finance Agency (FHFA) announced they are extending their moratorium on foreclosures and evictions from single-family foreclosures and real estate owned (REO) through March 31, 2021.  The foreclosure moratorium applies to Enterprise-backed (Fannie Mae & Freddie mac), single-family mortgages only.  The REO eviction moratorium applies to properties that have been acquired by an Enterprise through foreclosure or deed-in-lieu of foreclosure transactions. In addition, The FHFA announced that borrowers with a mortgage backed by Fannie Mae or Freddie Mac may be eligible for an additional forbearance extension of up to three months. Eligibility for the extension is limited to…

According to a recent report from Redfin, Americans are staying put longer as rising home prices, a housing shortage and the pandemic make moving less attractive. However, they do point out that there are a handful of migration hot-spots, that include Charlotte, Tampa and Atlanta, that are bucking the trend.  In addition, the report says that in 2020, a record 25.1% of homeowners lived in the same home for over 20 years.  For comparison, this figure was 14.3% in 2010 and 8.6% in 2005.  They partially attribute this increase to rising home prices that have made it more beneficial stay…

The AP is reporting that two counties in the state of Georgia are refusing to enforce the CDC’s eviction order that effectively halts evictions during the coronavirus pandemic.  Magistrates in the two GA counties, Carroll & Coweta, have recently refused to stop landlord evictions and said the CDC order violates landlord rights.  The article highlights a family was ultimately evicted owing >$5k in back rent and are currently residing in a local hotel. “The CDC, as far as I know, has no control over Georgia courts,” Carroll County Chief Magistrate Alton Johnson told WABE-FM. “I think that if the federal…

According to their Year-End 2020 U.S. Home Sales Report, ATTOM Data Solutions says profits on home sales increased in 9 out of 10 Housing Markets in 2020 with the national median home price up 13%.  In addition the report says sellers nationwide realized price gains of $68,843 (a 34.7% ROI) on the typical sale, up from $53,700 in 2019 and $48,500 two years ago. “Last year marked a unique year in the history of home prices and profits in the United States. A once-in-a-century health crisis tore through much of the nation’s economy but seemed to have the opposite effect…

According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased 9.2% year-over-year in December.  CoreLogic predicts that home prices will increase on a month-over-month basis by 0.2% through January, and on a year-over-year basis by 2.9% through December 2021. “Two record lows are fueling home price gains: for-sale inventory and mortgage rates. Prospective sellers with flexible timetables have opted to delay listing their home until the pandemic fades or they are vaccinated. We can expect more inventory to come available in the second half of the year, leading to slowing in price growth…

The U.S. government is reporting that the national vacancy rates in Q4 2020 were 6.5% for rental housing and 1% for homeowner housing.  The national homeownership rate for Q4 2020 was 65.8%.  In addition, approximately 89.1% of the housing units in the United States in Q4 were occupied and 10.9% were vacant. Owner-occupied housing units made up 58.6% of total housing units, while renter-occupied units made up 30.4% of the inventory. Click here to read the full release at the U.S. Census Bureau.

Life is a continuing learning experience and no one is perfect….and from time to time the best of us need to be reminded to say “please” or “thank you, “sir” or “ma’am” as well as many other little things that might seem trivial, but can set the stage for a positive interaction.  Today’s infographic from Business Insider reminds us that there are 8 phone etiquette rules that every professional should know.  Some of them are patently obvious but a couple might surprise you.  Stay safe and have a Happy Friday!!! “We’ve all experienced that thoughtless person who yells down the…

On a recent episode of the Rental Property Owner & Real Estate Investor Podcast, Brian Hamrick talks with Martin Saenz about the state of note investing during the pandemic and helping homeowners stay in their homes.  Martin has directly helped over a thousand families stay in their homes, and countless more through the influence of his mentorship.  In this episode, he is going to discuss how he’s working with his borrowers to help them avoid foreclosure, the types of note opportunities he’s investing in, what he’s expecting to happen in the next 12 months, as well as the $50 Million…

Rentable (formerly known as ABODO) says that the median nationwide rent price for one-bedroom units in February was $1,124 with two-bedroom units coming in at $1391.  They point out that not one city moved more than 8% in any of their top ten loser & gainer lists, which they say is a strong indication of a lackluster market.  Indeed… “Unfortunately, uncertainty prevails, as the vaccine rollout has been rocky, and the stock market has been anything but orderly. Interestingly, oil prices have firmed and crossed the $50 barrier as the oil market views Biden’s presidency as a precursor to tightened…