Tech news site TechCrunch says “technology is finally eliminating geography as a barrier to real estate investing” They suggest that new methods of gathering information and buying & selling have eliminated geographic barriers and has completely disrupted the industry. “Technology has enabled radical changes in how and where people invest in real estate. The old adage that real estate investing is a local business no longer holds true…..Hands-off investing, uninhibited by geography and free of the headaches associated with property management, has completely disrupted real estate investing forever.” Click here to read the full story on TechCrunch.
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
Here’s something interesting to think about after coming off the weekend; Realtor.com recently rattled off the “top 10 cities where lazy folks can thrive” in an attempt to highlight those places where people appreciate a healthy work-life balance tilted toward “life.” To determine these leisurely locations, they used the following criteria: Number of restaurants that offer delivery Number of day spas and massage therapy centers The percentage of homes on realtor.com that have a hot tub, sauna, or steam room Average hours of sleep Average work hours per week Average cost of a cleaning service The number of available service apps such as Handy…
We see this time and time again…….A recent poll commissioned by Gallup said that Americans believe real estate is the best option for long-term investments, ranking just ahead of gold and stocks. Happy Friday… Click here to read the Gallup Poll. Hat tip to Keeping Current Matters for the infographic.
According to new data from Axiometrics, the student housing market saw strong performance in March with high leasing velocity and annualized effective rent growth exceeding 2%. In fact they say: “As leasing velocity continues to improve, so does rent growth. Effective rent levels averaged $617 per bed for Fall 2016 as of March, up 2.4% from Fall 2015 averages. After annual effective rent growth averaging around 2% for most of the 2015-16 leasing season, the increased growth is a positive sign for the sector.” Regarding inventory, they predict that a moderating supply this Fall will help drive a strong performance.…
The Zika virus has been growing in coverage across the United States. To date, the CDC is not reporting locally contracted infections. In other words, only those who have traveled recently to known areas of infection have been diagnosed. Due to the mild flu-like conditions of Zika in healthy adults, it is considered very likely that it is being under-reported. Which means the virus could be spreading across the country, with little recognition of the fact by authorities. The Zika virus is transmitted by a type of the Aedes mosquito. While this mosquito is more prevalent in the southern half…
A recent study from BuildZoom highlights an interesting phenomenon; cities that are the most expensive are the least expansive, thus affecting the value of the homes therein. In other words, cities that allow themselves to grow outward remain more affordable versus the ones the don’t – for various reasons (political, geographic, etc.) Key (interesting) takeaways: As a whole, U.S. cities maintained a constant pace of outward expansion into rural territory since the 1950s, but behind the facade two groups of thriving cities are behaving very differently. The first group of cities substantially reduced the pace of outward expansion beginning in…
The U.S. government today released a mixed-bag of building activity data for March 2016. According to the report housing starts fell 8.8% below February’s numbers but were still 14.2% higher than one year ago. March 2016’s seasonally adjusted annual rate was 1,089,000. In addition, new applications for building permits were down 7.7% from February to a seasonally adjust rate of 1,086,000. Click here to read the full report. See also: US housing starts total 1.09M in March vs. 1.17M expected, CNBC 4/19/16 Housing starts are in, and economic experts couldn’t disagree more, Housing Wire, 4/19
Did you ever get in trouble for passing notes in school? Financial pulse-taking news site MarketWatch recently reported about a special “Note School” where students learn about a more lucrative form of notes – ones that come with a property. It’s 9:30 a.m. on a recent sunny Friday, and 60 people have crammed into an airport hotel conference room in Northern Virginia to hear Kevin Shortle, a veteran real estate professional with a million-watt smile, talk about “architecting a deal.” Some have worked in real estate before, flipping houses or managing rentals. But the deals Shortle, lead national instructor for…
What are the 10 fastest-growing neighborhoods in America? Recent analysis by Realtor.com identified the 10 fastest-growing neighborhoods in the U.S. that are predicted to continue to grow. “Every neighborhood on this list, based on ZIP code analysis, has experienced up to five times the job growth of the top 100 counties in the country. Household growth in each of these areas is up to seven times the growth of the top 100 areas. New home starts are up to six times the growth in the top 100 counties. And most important, each individual ZIP is projected to see a growth…
Recent data from the US Census Bureau shows that more American households own computers and have high-speed Internet access than ever. The infographic below illustrates this fact by showing high-speed internet usage by age, race, income and educational attainment by household. This is all good data to keep in mind when reaching your customers and scouting your next deal. Happy Friday… Click here to view this information on Census.gov.
