A few weeks ago we shared the interactive American Community Survey Data Wheel with information about America’s changing population, housing and workforce. Today we’ve got another one from the folks at the U.S. Census Bureau only this time showing the number of breweries per state, juxtaposed with important demographic data. Happy Friday!!! Hat tip to the U.S. Census Bureau.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
We have had several posts about this issue and the evidence keeps on coming in; people are moving out of high-tax states into lower-taxed ones. CNBC’s Robert Frank says that the “tax migration has begun” and that real estate sales are falling in high-tax states and surging in those with better tax-climates. In particular he talks about massive growth in Florida and a drain taking place in in the Northeast. Recall that last year’s tax reform drastically limited the amount of state and local taxes (so-called SALT) that can be deducted off of their federal returns. So, the results are…
According to BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis, the count of unfilled jobs in the construction sector increased in August and reached another post-Great Recession level high. Data reveal that the he number of open construction sector jobs increased to 298k in August, which is consistent with survey data indicating that access to labor remains a top business challenge for builders. Click here to read the full report at the NAHB’s Eye On Housing.
Caveat emptor…and of course, the devil is always in the details. That being said, HousingWire is reporting that online property purchasing platform Roofstock is “offering a unique carrot” to entice investors to use its platform – guaranteed rent. Yes, you read that right. The report says that Roofstock recently announced that it is offering an “industry-leading” guarantee that provides up to 12 months of rent on a vacant property purchased through the company’s platform. The company says its “Roofstock Guarantee” begins providing rent payments to investors if the vacant property is not leased within 45 days of the property’s closing. …
PwC recently released their 40th annual Emerging Trends in Real Estate, one of the most highly regarded forecast reports for the real estate and land use industry. The report contains extensive insight & analysis on industry trends and developments based on an extensive survey, multiple interviews and individual market focus groups. Their publication is highlighted by its closely watched list of top emerging cities nationwide which includes their top 10 markets for real estate investors in 2019. Bottom-line: this report is chock full of information affecting all areas of real estate across the nation. “…2019 could be an exciting year for…
In a recent episode of Real Estate News for Investors, Kathy Fettke discusses the recent United States-Mexico-Canada Agreement (USMCA) on trade to see if this is a good or bad deal for real estate. This “NAFTA 2018” deal will not go into effect for another year but when it does it could bolster demand for commercial real estate, inparticular. She reports that while there are plenty of critics, a few big names in U.S. real estate are giving it a “thumbs up.” CBRE says the USMCA could fire up demand for real estate that supports distributors, automotive suppliers, and retailers.…
Once a year Realtor.com zeroes in on what they see as the hottest ZIP codes in America where “homes are flying off the market.” According to their research, young people are fleeing downtown and heading to the suburbs. Downtown, suburbs, in/out…we just wish millennials would make up their minds. Anyway, just be sure to check at their entire list of all 50 places. Indeed… “It turns out the classic selling points of the burbs—more space, good schools—grow more appealing as young people start families and their priorities shift.” Click here to read the full story on Realtor.com.
As an avid reader of this site, you know that we’ve had several posts about Miami Beach cracking down on short-term rentals. In late September, the city implemented a strict new law designed to prevent widespread illegal rentals, partly resulting from previously reported issues and problems. CNBC is reporting that online platforms with listings in Miami Beach are now required to list specific business license information on their sites. The report says the new regulations were modeled after San Francisco’s and requires platforms to list the property owner’s city-issued tax receipt number and the resort tax registration certificate number for…
According to the latest Yardi Matrix, U.S. multifamily rents dropped $1 in September to $1,412, however on a year-over-year basis rents were up 3%. Yardi says that the occupancy rate of stabilized properties has increased in recent months, which they say is a sign that demand remains solid in the face of a heavy development pipeline. “Long-term demand for rentals is likely to remain high for a variety of demographic and social reasons. The renter-age population is growing, the economy is strong and there is demand from retirees downsizing from single-family houses.” Click here to read the full report on…
If you have extra cash, should you pay off your mortgage early or invest in real estate? The answer depends a lot on your current financial situation and goals. However, according to today’s infographic from FortuneBuilders, it’s a good idea to consider the benefits of both options because you just don’t know which decision will be the best for you in your particular situation…and, in the long run! Happy Friday!!! Hat tip to Fortunebuilders.
