BREAKING NEWS: Fannie Mae, Freddie Mac, and the Federal Housing Administration are backing larger mortgages as we are coming into the new year. Back in 2016, the FHFA increased the Fannie and Freddie conforming loan limit for the first time in 10 years, and since then, the loan limit has increased $93,400.
Nowadays, affordable housing is becoming harder and harder to obtain. So, renting is far more affordable in almost 50% of the largest housing markets across the US. Renters will be continuing to look for vacancies. How are you taking advantage of this? Let us know in the comments down below!
#Facts According to the Headship and Homeownership: What Does the Future Hold study done by the Urban Institute, renters accounted for about 45% between 2000 and 2010. The number of renter households will continue to grow to 48 million by 2020 and 54.1 million by 2030.
Each week, we present a hot single-family residential investment portfolio or a build-for-rent investment portfolio on SVN | Live. SVN | Live always brings forth incredible opportunities as each week we present our featured single family residential and build-for-rent investment portfolios. We share exclusive financial information and key points of each portfolio showcased. Let’s start… Continue reading SVN | Live Recap – November 4th, 2019
🧟🧟🧟 Want to know what a “zombie home” is? Zombie homes are homes or properties facing possible foreclosure. According to ATTOM Data Solutions’ Q3 2019 Vacant Property and Zombie Foreclosure Report there are more than 1.5 million US single-family homes and condos vacant, representing 1.6% of all homes and a total of 9,612 of those homes are “zombie” homes.
A recent study done by Zillow shows that for-sale inventory has continued to fall in September after a mild recovery in the first quarter of 2019. According to Zillow, new monthly listings were at 8.45 lower compared to April 2018 and 10.6 lower in May. Great news for build-for-rent! As existing home inventory dwindles, builders in this new sector can take advantage of this market shift.
Investors Nationwide Drawn to Phoenix as it Leads the Nation in Rent Growth at 9% YOY
Millennials, according to What Home Buyers Really Want (2019 Edition), want single-family homes that average in 2,407 square feet. The median square footage of a home that millennials want is slightly higher than Gen X generations. As an investor, how can you cash in on these needs? Invest in single-family rental portfolios over at SFRhub.com.
According to the United States Census Bureau's Survey of Construction, the percentage of shares of new homes with two or more stories have fallen from 55%(2017) to 53%(2018). In comparison, new build homes of one story grew from 45% to 47% in 2018. In addition, most of the two or more story homes were proposed to be built in the coasts of the country (east and west). Why do you think this is occurring? Sound off in the comments below!
It's no doubt that the single-family rental sector is growing and it is growing at a pace no one had ever experienced before. Even though home prices are on the rise as well, single-family rentals rates are also increasing and are also in high demand. Keep reading how this growing sector is impacting institutional buyers.