Author: Brad Beckett

Director of Education & Outreach, National Real Estate Investors Association

Where does your state rank according to its “well-being?”   For what it’s worth, the folks over at Gallup recently released their annual Well-being Index for 2016 where they interviewed over 177k adults throughout the year in all 50 states across America’s.  Hawaii was the top state with an index score of 65.2 while West Virginia was the least with an index score of 58.9. Overall the Well-Being Index score for the whole country was 62.1 in 2016.  The Gallup-Healthways Well-Being Index is calculated on a scale of 0 to 100, where 0 represents the lowest possible well-being and 100 represents…

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Home advisor is reporting that Harvard’s Joint Center for housing Studies recently released their Leading Indicator of Remodeling Activity that showed spending on home improvement (remodeling, repairs etc.) jumped 11.3% between 2014-15 and estimated that it rose 6.9% in 2016.  In addition, they predict a 6.7% increase for 2017. “The rise in home values has boosted people’s perception of their own financial well-being, and has also increased their ability to take out home-equity-based loans if they need them for home improvement projects.” Click here to read the full story on Homeadvisor.com.

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In a recent RPOA Real Estate Investor Podcast real estate investor Joshua Schaub talks about his high-end student housing portfolio and his criteria & strategies for locating, acquiring, rehabbing and managing them for maximum profit.  Joshua also takes listeners through a case study of his most recent single-family purchase and how he “house-hacked” his first investment property. “Often times in Real Estate, it can be the little things that differentiate your property from the competition.  For Joshua Schaub, it was being located on the right bus line that fueled his early investment success.” Click here to hear more at RPOAonline.org.…

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National apartment listing site ABODO recently reported that nationwide one-bedroom rental prices dropped by an average of .65% since the first of the year to an average of $1,000.  The largest drop was experienced in Rochester, NY where average rents fell 8.7% to a median of $707.  That was followed by Pittsburgh and Philadelphia, PA, both falling more than 6%. The largest rent increases went to Miami, FL (up 7%) and Lexington, KY (up 6.9%). The city with the highest rate?  No surprises here…..It’s San Francisco at $3,499 followed by the New York City area at $2,796.  ABODO produces their…

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A new report from audit, tax & advisory giant KPMG says a majority of real estate industry leaders plan to increase their U.S. real estate investments this year.  According to their 2017 Real Estate Industry Outlook Survey: Real Estate Expansion Lives On, 52% of real estate executives believe that improving real estate fundamentals in 2017 will be the biggest driver of their company’s revenue growth; 91% are bullish on access to equity capital, and 25% are expecting an improvement in 2017.  Interestingly, 51% indicated that foreign investment in U.S. real estate will increase in 2017 – as we have been…

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The S&P Dow Jones Indices recently released their latest S&P CoreLogic Case-Shiller Indices which showed a 5.6% annual gain in November 2016, up from 5.5% in October. Their 10-City Composite posted a 4.5% annual increase, up from 4.3% the previous month and their 20-City Composite reported a year-over-year gain of 5.3%, up from 5.1% in October.  In addition, they report that home prices have continued to rise across the country over the past 12 months. “With the S&P CoreLogic Case-Shiller National Home Price Index rising at about 5.5% annual rate over the last two-and-a-half years and having reached a new…

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Let’s face it, bugs are just a part of everyday life.  Managing their population and keeping infestations at bay is the name of the game for exterminators and health departments across the country.  Recently the folks over at Realtor.com put together their list of the Top 10 Cities for Pest Infestations in the U.S.  They utilized rat and cockroach data from the American Housing Survey along with data about mosquitoes, termites, bedbugs, fleas, ticks and scorpions from a variety of other sources.  We wonder if folks in these cities have heard of ClearVue Traps? “The warmer climate in the Southern states…

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Recently the National Association of Realtors reported that 2016’s existing home sales closed out the year as one of the best in a decade, despite sales for December being down 2.8%.   The folks over at Keeping Current Matters recently took that data and put it into a nifty chart so we can look at it in a different context.  The bottom line;  5.45 million existing homes were sold in 2016 – the most since 2006!….Happy Friday! Click here to read more on Keeping Current Matters.

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In some cities across the country, Millennials are actually buying instead of renting homes.  Using data from the U.S. Census Bureau, smartasset.com recently ranked 200 of America’s largest cities according to their under-35 homeownership rate (among other variables) and it changed between 2006 and 2015.  Putting all this into some perspective, consider that homeownership rates for millennials dropped from 40% in 2006 to 32% in 2015. Click here to read the full story on smartasset.com

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