Originally posted by Globe St. | Nate Robinson A partial economic rebound tied to states reopening businesses as they deal with COVID-19 has fueled a surge within the housing industry, according to Fannie Mae. Data for May shows unexpected strength in the housing market, a trend that’s expected to continue into June and July, Fannie Mae said.… Continue reading Housing Market Rebounds as States Reopen from COVID-19 by GlobeSt Featured by SVN | SFRhub Advisors
52% of homeowners have stated they are concerned about making their mortgage payments. Consequently 47% have considered selling their home.
Originally posted by CNBC | Diana Olick If millennials once piled into the cities, fueling downtown renewal and growth, apparently they are now piling out. The stay-at-home orders brought on by coronavirus have more potential homebuyers looking for properties in the suburbs. Millennials are now the largest cohort of buyers. As the real estate market… Continue reading The Flight to the Suburbs Is Real and Growing, as Coronavirus Changes the Way People Live by CNBC Featured by SVN | SFRhub Advisors
Excerpt for SM: Amidst the pandemic, renters now see the benefits of renting single-family homes over multifamily. A tremendous demand is seen across the US market for SFRs. Mark Peterson, national director of Build-for-Rent at SVN | SFRhub Advisors says, “We are seeing a significant increase in demand for rentals in suburbs, on top of what was already a strong demographic shift and need for rentals occurring pre-COVID-19.” Continue reading below to learn more about this market shift!
Originally by Globe St | Cheryl Miller Stay-at-home orders tied to the COVID-19 pandemic have not tamped down the demand for single-family house rentals, executives from two REITs said in recent first-quarter earnings calls. Dallas Tanner, president and CEO of Invitation Homes, said occupancy climbed to a record-high 97.2% in April as the company increased its access… Continue reading Single-Family Home Rentals Are Excelling in the Pandemic by GlobeSt Featured by SVN | SFRhub Advisors
As we enter into the first week of May, states across the country are cautiously preparing to shift into the first phase of reopening the economy. While the timeline and outcome of the gradual reopening phases remains uncertain during the COVID-19 pandemic, we are all hopeful for a strong and healthy recovery across industries, communities… Continue reading Staying Connected While Practicing Social Distancing-Weekly SFR Market Update: May 6th, 2020
Originally posted by CNBC | Fred Imbert Warren Buffett said Saturday he is optimistic that the U.S. economy will re-emerge even after being dealt a body blow by the coronavirus pandemic. “Nothing can basically stop America,” said Buffett, chairman and CEO of Berkshire Hathaway, from the conglomerate’s first virtual shareholder’s meeting from Omaha, Nebraska. “The American miracle,… Continue reading Warren Buffett Says the Economy Will Overcome Coronavirus: ‘Nothing Can Basically Stop America’ by CNBC Featured by SVN | SFRhub Advisors
As businesses and individuals continue to operate during the COVID-19 pandemic, developing new efficiencies, means to communicate and daily habits, many are experiencing unease and uncertainty about what lies ahead. In conjunction with other leaders in the SFR rental space, SVN | SFRhub Advisors would like to provide insight into the current state of the… Continue reading Poised for Near-Term Growth: The State of the SFR Rental Sector and What’s to Come by SVN | SFRhub Advisors