According to the NAR’s 2017 Student Loan Debt and Housing Report, the U.S. currently has a student debt load of $1.4 trillion, which accounts for 10% of all outstanding debt and 35% of non-housing debt. As this debt rises, homeownership has fallen among the younger generations. However you want to look at it, they will still need a place to live…Happy Friday This infographic contains highlights from the 2017 Student Loan Debt and Housing report.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
Rental market site Zumper recently released their Annual Renter Survey where they report that over one third of Americans are renters – the highest percentage over 50 years! Zumper surveyed 14,284 people from every U.S. state and D.C. This is the 2nd edition of their annual survey where they hope to better understand the characteristics, perspectives and behaviors of renters in the United States. Some takeaways: Over 100 million Americans are renters One in three do not believe the American Dream includes home ownership One in five have no plans to ever buy a home Nearly half revealed they are…
According to recent reports (including posts on this site), low housing inventory is driving up prices, but also demand for rental units all across the nation. In a recent Real Estate News for Investors podcast, Kathy Fettke discusses these reports and other analyses showing how there will probably be enough renters to fill whatever developers can put on the market over the next decade – creating a huge challenge for the industry going forward…..and an opportunity for investors. Click here to read more on RealWealthNetwork.com.
A while back we told you about WavStay, an Airbnb-like service for boats (although we’re not sure if they’re still in business), now comes a new startup in Seattle called Loftium that will help potential homebuyers with a down-payment (up to $50k) for that dream home. Oh, the catch??? You’ll have to list one of the spare bedrooms on Airbnb for 12-36 months and share the proceeds with Loftium. The service is currently only available in Seattle and is for primary residences only (no investment properties) and there are no income limits or home price restrictions. It’s an interesting concept…
Black Knight Financial Services recently released their July, 2017 Home Price Index (HPI) report that says that U.S. home prices were up 6.2% year over year in July and up 0.5% for the month. The HPI value for July was $281k – same as June and the first time all year it hasn’t increased. In addition, home prices in eleven of the nation’s 20 largest states reached new highs; Georgia, Indiana, Massachusetts, Missouri, New York, Ohio, Pennsylvania, Tennessee, Texas, Washington and Wisconsin. The Black Knight HPI utilizes repeat sales data from the nation’s largest public records data set, as well…
What’s the best path to building wealth in real estate? Should you flip, rent or hold? With all the quick-buck, get rich by flipping reality tv shows out there it can get downright confusing and often misleading. One thing we know to be true; It’s not easy…..However, hard work, sound advice and due diligence will always pay off. Recently, Realtor.com looked at five big real estate investments that everyday folks may want to consider. Then they broke down the typical returns of each one along with the pros and cons of each type of investment. National REIA’s Charles Tassell, a…
The National Association of Realtors recently reported that existing home sales were down 1.7% in August, which is still 0.2% higher than one year ago. First-time buyers represented 31% of sales in August, down from July but unchanged from a year ago. All-cash sales made up 20% of transactions with individual investors, who account for many cash sales, purchasing 15% of homes in August. Distressed sales (foreclosures & short sales) represented just 4% of sales. Inventory at the end of August dropped 2.1% to 1.88 million existing homes and is now 6.5% lower than one year ago. Unsold inventory is…
CNBC’s Diana Olick recently reported on Hurricane Harvey’s impact on housing in the devastated areas of Houston as well as its impact on the tight labor market – which has already been creating issues in the building industry. The Realty Investment Club of Houston (the local National REIA chapter) is putting together a series of workshops to give their members the best information about the recovery and rebuilding efforts in this new era for Houston investors. Click here to watch the full story on CNBC. Click here to visit the Realty Investment Club of Houston.
Recent data from the U.S. Census Bureau shows that the home ownership rate of single females continues to outpace those of single males by nearly 2 percentage points. Interestingly, both tracks have basically run parallel over the past 30 years. Happy Friday! Hat tip to the U.S. Census Bureau.
Not letting the conclusion of summer slip quietly by, Money Magazine and Realtor.com put together a pretty good list of the best 100 places to live in America. To that end, Realtor.com whittled that list down to the best ten places to live in the U.S. Their methodology excluded the the biggest metros and looked at smaller areas with populations ranging from 10k-100k people and tracked economic health, cost of living, and public education among other variables. Interestingly, any location that had more than double the national crime rate was disqualified…go figure? “These are [small] cities and towns that have a…
