We suppose it’s only fair….we’ve all heard about “man caves” but now we’re hearing more and more about these cool “she sheds.” Well, With Mother’s Day quickly approaching (did you get her a card?) what better way to help mom celebrate than by building her a “she shed.” Happy Friday!!! Hat tip to Outdoor Living today.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
Where are the best & worst smaller cities to start a business? For what it’s worth, WalletHub recently took a look at over 1,200 cities across the fruited-plain and looked at their business-friendliness across 18 metrics such as labor costs, growth, access to resources and more. Be sure to see the entire list and click on the interactive map below. “…entrepreneurs who want to build a large professional network aren’t likely to make as many connections in a town with fewer residents. Other restrictions might include limited industry options, a less diverse customer base, and difficulty attracting and keeping top…
According to the latest Yardi Matrix, U.S. multifamily rents rose $4 to $1,377 in April to a level, which they point out, is the market’s best performance since last spring. Year over year, rents are up 2.4% through April and is within the 2.5% growth range that the market has averaged since early ’17. “The big picture is that even though the occupancy rate is dropping slowly closer to the historical average, the market is in a healthy position for the long term. Demand is expected to remain high, while overall housing stock is growing at roughly the same number…
Rental information site Zumper recently released their National Rent Report for May showing that the median national rent for 1-bedroom apartment rise ever so slightly to $1,185 (up 0.1%) while the two-bedroom average grew 0.6% to $1,422. Zumper says this fairly stagnant trend was true to the year over year growth rates as well, with one and two bedroom prices up 1.4% and 2.1%, respectively. Zumper analyzes rental data from over 1 million active listings across the United States. Data is aggregated on a monthly basis to calculate median asking rents for the top 100 metro areas by population, providing…
On a recent episode of the 7 Rules For Real Estate Investing with Nick Raithel podcast, Nick talks with National REIA’s COO Charles Tassell about Terrorism, Fake REI Clubs, and How Politics Impact Real Estate. Tassell has worked on public policy over the past 20 years and has advised policy development for dozens of states, counties, and municipalities. Along the way, he’s authored legislation and served on several state, regional and national boards. Click here to listen on 7 Rules.com
We have had some strange and bizarre posts over the last few years and while this isn’t the weirdest, it certainly ranks up there. A recent story in the NY Post chronicled a twice-married woman in New York City who was “adopted” at age 58 by an elderly man she befriended who had lived in the flat for at least 85 years. When he passed away in 2009 the building’s owners had planned to move the rent-controlled 2-bedroom, first-floor apartment to a market-rate rent of around $1,500 (up from $100), however a protracted legal battle ensued in which Maria DeTommaso…
According to their latest U.S. Home Equity & Underwater Report, ATTOM Data Solutions is reporting that as of the end of Q1 2018, over 5.2 million U.S. properties were seriously underwater. This figure is down 291k properties from just one year ago which ATTOM says is the smallest year-over-year drop since they began tracking them in 2013. ATTOM defines “seriously underwater” as properties where the combined balance of loans secured was at least 25% higher than the property’s estimated market value. “We’ve reached a tipping point in this housing boom where enough homeowners have regained both sufficient equity and sufficient…
The U.S. Census Bureau is reporting that total construction spending in March was estimated at a seasonally adjusted annual rate of $1,284.7 billion, which is 1.7% lower than February’s revised number. However, March’s figure is 3.6% higher than March 2017. During the first three months of this year, construction spending amounted to $279.0 billion, 5.5% higher than the same period in 2017. In addition, private residential construction was at a seasonally adjusted annual rate of $536.8 billion and Nonresidential construction was at a seasonally adjusted annual rate of $450.7 billion, in March. Total public construction’s seasonally adjusted annual rate was $297.2…
National apartment listing site ABODO recently reported that the median nationwide rent price for one-bedrooms dropped a little over one percentage point to $1,015. This figure also represents the fourth straight month of declining prices. ABODO uses over 1 million listings across the United States to calculate the median 1-bedroom rent price by city, state, and nation and then track the month-over-month percentage change. To avoid small sample sizes, they restrict their analysis to cities meeting minimum population and property count thresholds. Click here to read the full report on ABODO.com.
It seems like each year we hear more and more about America’s Cinco de Mayo celebrations – especially with the increased commercialization of Mexican food, beer, culture, etc. But what is Cinco de Mayo exactly? Well, for starters, it is not Mexican Independence Day (that’s 9/16), but rather a celebration of Mexico’s underdog victory over the French outside of Mexico City on May 5, 1862. And, it’s not really celebrated in Mexico. However, the holiday has been “Americanized” to celebrate Mexican-American heritage and culture….which is part of the unique & rich cultural fabric of America that truly makes “e pluribus…
