With Springtime in full gear now is a good time to get up to speed with those deadly whirlwinds that few of us ever want to see firsthand, tornadoes. Today’s infographic from Weather.gov tells us about the various types of tornadoes and how to correctly identify them. In addition, Home Depot has put together a handy severe weather emergency checklist to not only be prepared but keep track of what you have on-hand and and supplies you might need – for any disaster. Remember, severe weather can strike at any time and with little to no warning. And, as always, stay…
Author: Brad Beckett
Brad Beckett
Director of Education & Outreach, National Real Estate Investors Association
The National Association of Home Builders says single-family market share continues to shift away from large metro areas. Citing data from their recent Q4 Home Building Geography Index (HBGI), they say the largest growth in single-family market share came in rural markets (micro counties and non-metro micro counties), rising from 9.4% in Q4 2019 to a share of 11.8% in Q4 2022. In addition, they report that multifamily construction market remains elevated above historical levels, with six of the seven submarkets experiencing growth rates above 15% during the final quarter of 2022. “While the largest single-family market continues to be…
According to key trends from Remodeling Magazine’s 37th annual Cost vs. Value Report, exterior improvement projects continued a multiyear trend of providing the greatest return on investment (ROI) for homeowners. Remodeling says this year’s report confirms a consistent truth that has been revealed on every report for the last 30 years: Exterior replacement projects typically provide a higher return on investment than interior discretionary remodels at the time of house sale. Indeed… “The reason for high returns on exterior projects stems from what real-estate professionals regularly witness from buyers: If their first impression is a run-down exterior, they tend to…
What are the 25 places in America where $100k goes the farthest? The folks over at SmartAsset remind us that a $100k salary just isn’t what it used to be. With factors such as inflation and varying cost of living in different parts of the country, there are places that give you more bang for your buck and some that will cost you more. That’s why they put pen to paper by comparing after-tax income in 76 of the largest U.S. cities to come up with theeir top 25 cities where $100k goes the farthest. Which city tops the list? …
A recent editorial in the Colorado Springs Gazette pulls no punches about a legislative proposal making its way through the Colorado statehouse that puts new restrictions on landlords’ ability to move out problem tenants. The bill, House Bill 23-1171, passed the Colorado House in mid-March and is heading to the state senate. Below are some excerpts, however be sure to read the entire editorial. “You’d think a legislature so committed to tenants’ rights wouldn’t try so hard to run Colorado’s landlords out of business. Particularly in a state whose major population centers already face a dire shortage of affordable rental…
The pest control & rodent removers over at Orkin recently released their annual Top 50 Bed Bug Cities list. Topping the list this year was Chicago – for the 3rd year in a row! Their list is based on treatment data (residential & commercial) from metro areas where Orkin has performed the most bed bug treatments from December 1, 2021 through November 30, 2022. The ranking includes both residential and commercial treatments. “The Windy City is settling in as the #1 city on Orkin’s Top 50 Bed Bug Cities List for the third year in a row. Chicago, New York…
ATTOM Data recently released their Q1 2023 Single-Family Rental Market report, which ranks the best U.S. markets for buying single-family rental properties in 2023. Among the findings; The report says the average annual gross rental yield on three-bedroom properties, (annualized gross rent income divided by purchase price) among the 212 counties analyzed is projected to be 7.5% in 2023. That is up from an average of 6.7% in 2022 in those same markets and marked the first time since at least 2019 that the figure rose nationwide. To get their data, ATTOM analyzed single-family rental returns in 212 U.S. counties…
Recently, the Biden Administration released its Blueprint for a “Renters Bill of Rights.” As part of a 5-part series on the Rent Perfect Podcast, David Pickron and his General Counsel Denny Dobbins discuss how this blueprint can and will affect landlords today and in the future. You can download a copy of the White House’s document by clicking here. Here are parts one and two: Click here to listen on Spotify. Click here for Parts 3 & 4. Click here for Part 5.
The U.S. Government is reporting that sales of new single-family houses in February, 2023 were at a seasonally adjusted annual rate of 640k, which is 1.1% higher than January’s revised rate but is 19% lower than one year ago. The median sales price of new houses sold in February was $438,200 with an average sales price of $498,700. There were an estimated 436k new houses for sale at the end of February representing a 8.2-month supply at the current sales rate. Click here to read the full report at the U.S. Census Bureau.
We love posting about short-term rentals – especially when there’s some good news for the segment. Today’s infographic from Statista says Airbnb saw its bookings cut by more than 40% due to Covid 19. However, as they illustrate, Airbnb bounced back remarkably well in 2021 and 2022 with the number of nights and experiences booked through the platform exceeding its pre-pandemic high. Stay safe, happy travels and have a Happy Friday!! Hat tip to Statista.
