Author: Brad Beckett

The CDC recently issued a set of FAQs (frequently asked questions) offering “non-binding” guidance with respect to their recent “Temporary Halt in Residential Evictions to Prevent the Further Spread of COVID-19″ eviction moratorium.  On a recent episode of Real Estate News for Investors, Kathy Fettke takes a look at that guidance to help understand what it is saying (and not saying) as well as other areas that she says have caused some confusion. “Although the new guidelines provide landlords with more options, they won’t pay the bills for landlords. The vast majority of renters are paying their rent, but some…

As readers of those site know, investors can glean a lot of information by looking at U-Haul rental data about where people are moving to and from.  The John Burns Real Estate Consulting firm recently released an update to their analysis of U-Haul rental rates between U.S. cities.   They say this information gives valuable insight into the nation’s migration patterns, which they’ve dubbed “The Great American Move.”  Indeed… “Never before have space and location been more important. The housing industry continues to benefit from The Great American Move. We continue to track the acceleration of movements to exurban communities—those in…

We love posting about millennials, if for no other reason than just like every other generation they, too need a place to live.  In fact, they have now taken over from the Baby Boomers as the largest generation to date and make up a majority of our nation’s workforce.  With that in mind, the folks over at RENTcafé recently crunched the numbers from around 13 million renter applications across the country and identifed those cities where millennials represented the highest share of apartment applicants.  Indeed… “One thing is certain about Millennials: If they flock to a particular city, that area…

According to the latest CoreLogic Loan Performance Insights Report, as of July, 6.6% of mortgages were delinquent by at least 30+ days including those in foreclosure. In July, 2019 that figure was 3.8%.  The CoreLogic report monitors mortgage performance health and examines all stages of delinquency as well as transition rates from one stage to the next. “Four months into the pandemic, the 120-day delinquency rate for July spiked to 1.4%,” said Dr. Frank Nothaft, chief economist at CoreLogic. “This was the highest rate in more than 21 years and double the December 2009 Great Recession peak. The spike in…

FortuneBuilders reminds us that buying property to upgrade and then sell it for a profit is an excellent way to make money and build wealth.  Today’s infographic offers up a handy checklist to quickly estimate repairs on that potential flip.  Stay safe and have a Happy Friday!!! “This process, also known as real estate rehabbing, consists of finding a property, assessing all areas, making the necessary repairs, marketing the property, and selling the property for, hopefully, a profit. You are probably familiar with this real estate exit strategy from popular TV shows on HGTV; however, the process is not as…

According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rent in September was $1,463.  Summing this up Yardi, says that since the beginning of the pandemic, overall rents have only been up or down by a few dollars each month with an overall national rent decline of $8 since February.  Indeed… “As we move into the fall and winter months, the return to normal remains slow and volatile. Political disruptions are causing further uncertainty, and consumer confidence fell to its lowest level in more than six years in August.” [HOWEVER] “With the extreme uncertainty surrounding the country…

The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in September.  Like last month, they point out that the index’s sharp rise for used cars & trucks accounted for most of the increase.  Over the past 12 months, the all items index has increased 1.4% before seasonal adjustment. Click here to read the full release at the Bureau of Labor Statistics.

According to research from the NAHB’s Eye on Housing, the median lot size for homes sold in 2019 dropped to 8,177 square feet, or 0.188 of an acre – which they say is the first time this has happened since the Census Bureau began collecting this data.  The NAHB says the shrinking median lot size largely reflects the shift in speculatively built (or spec) home building towards smaller lots.  Interestingly, they point out that sizes still vary by region: “While the nation’s production of spec homes shifts towards smaller lots, the regional differences in lot sizes persist. Looking at single-family…

The CDC recently issued a set of FAQs (frequently asked questions) offering “non-binding” guidance with respect to their recent “Temporary Halt in Residential Evictions to Prevent the Further Spread of COVID-19” moratorium.  This order temporarily halted residential evictions of covered persons for nonpayment of rent September 4th through December 31st, 2020. National REIA’s Charles Tassell said “Numerous voices of a nationwide housing coalition have prevailed upon the CDC to, at a minimum, clarify their September 4th eviction moratorium edict. While there are numerous lawsuits currently in place, and additional clarifications that will be forthcoming, it is vitally important for landlords…

A recent essay in NY’s Daily News asserts that “landlords are people too” and addresses some of the current misdirected rage against landlords – most of whom are mom & pop operations – as well as dispelling the myths that landlords are both uncaring and rich.  As readers well know, those notions are both dangerous and flat out incorrect.  As the author, Charlotte Laws, points out, most landlords faithfully make repairs and don’t want to evict anyone because having an empty unit leaves the property owner with a loss of income (among other things).  She emphatically says that if small…