The Mortgage Bankers Association predicts that it expects to see $1.10 trillion in purchase mortgage originations during 2017, an 11% increase from 2016. On the flip side, the MBA says that refinance originations will decrease by 40%. They attribute this to strong household formation, job growth, rising wages, and continuing home price appreciation into the foreseeable future. Click here to read the full report on MBA.org.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
Last week we saw the SFR market’s “hidden gems” and now, drawing from their Q3 2016 Single Family Rental Market Report, RealtyTrac recently identified 22 markets they consider the best for high rental yields with low vacancy rates out of the 473 U.S. counties analyzed in their report. To get their list they limited it only to counties with an investment property vacancy rate below 3% and a gross annual rental yield (annualized rental income divided by median sales price) of 10% or more. RealtyTrac says that many of these counties are “a bit off the beaten path” so to speak…
Home-finding site Trulia recently conducted a report on homeownership entitled “When it comes to the American Dream of homeownership, immigrants are closing the gap on the native-born.” They showed that the homeownership rates for immigrants has slowly gained ground against US-born residents. In addition, they they found that states where immigrants have resided in the U.S. for the longest periods of time there are higher rates of immigrant homeownership. The report uses data from the U.S. Census Current Population Survey and the American Community Survey. There is a lot of good information that can be gleaned from this report, but…
Why Single-Family Rental Homes Are Best For Investors By John Triplett NationalREIA You can often hear discussions at local real estate investor clubs about the relative merits of investing in single-family homes or in multifamily homes. With the trends today, single-family homes are proving to be the best for many real estate investors, according to veteran investor Larry Arth. In a recent interview, Arth set out the reasons single-family homes for rent work so well for so many investors. “If you find a need and fulfill it, you have a good business.” Based on that statement, “There has proven to…
Is Airbnb a threat to the hotel industry? We have seen industry disruption before – and no I don’t mean the buggy-whip and candlestick makers from around the turn of the 20th century. I’m talking about how Uber and Lyft have revolutionized getting a ride from point A to point B – remember YellowCab? So is it now time for the hospitality industry to be disrupted? A recent article in US News & World Report explores that subject and concludes that, no, they’re not a threat to the hotel industry per se….However they have started to grab a larger share…
What cities across the US are the most stressed-out? Using 11 metrics covering such items as sleep, working hours, commute time, unemployment rate and even the number of yoga centers per capita, recently the number-crunchers over at Realtor.com came up with a top 10 list. And, in case you wondered about the opposite list – with the most relaxed cities – they covered that as well. So if you’re looking for a relaxing area to call home, look no further than the upper mid-west. The entire list in itself is pretty interesting. “Where you live can have a major effect…
Today is Veterans Day…November 11th. Here’s a little history about this important day; In 1918, the armistice of the First World War officially took effect on the 11th day, of the 11th month, at the 11th hour. The following year President Woodrow Wilson declared November 11th as Armistice Day. It would later become a holiday to honor veterans of World War I and then not to long after World War II, all American Veterans. Finally, in 1954, it was renamed “Veterans Day” to honor all American veterans who served in times of war and peace…..Be sure to thank someone who…
Back in September we posted a cool infographic to help explain this thing called blockchain. Quite frankly, it’s kind of hard to get our arms around (it all started with Bitcoin, after all) but we know it has the potential to have a large impact on the entire real estate industry. Most recently the folks over at Real Estate Tech News posted a story about three ways blockchain will change real estate – all of which make sense, no matter what the technology is applied to. “A blockchain creates a digital ledger shared amongst a computer network. Whenever an information…
Everyone loves to find that proverbial hidden gem. Recently, data powerhouse RealtyTrac took a look at high-yield single-family rental markets that it believes are “hidden gems” – that is, undiscovered by the the big guys. Drawing from the 473 analyzed counties in their 2016 Single Family Rental Market Report they pared the list down to 28 counties where institutional investors (purchasers of 10+ properties per year) account for less than 3% of all single-family purchases and where the potential gross annual rental yields for properties purchased in 2016 is at least 10%. Click here to read the full report on…
What are the best small cities in America? The number-crunchers over at WalletHub recently compared 1,268 cities (between 25k and 100k people) using 30 key indicators of livability – such as housing costs, the quality of their schools, number of restaurants, coffee shops and more. People who live in smaller cities have many advantages over their big city cousins but the one that stands out the most might be a cheaper cost of living. Be sure to look at their entire list to get a better picture. WalletHub grouped cities in percentiles, with a 99th percentile representing the top 1…
