Originally posted by GlobeSt. | Samantha Stokes As millennials age towards having children, while the generation continues to delay home buying, family-friendly rental units will become more important in the future, according to a new study on family renter housing by the Urban Land Institute, Terwilliger Center for Housing and RCLCO. To date, millennials and baby boomers have… Continue reading Families Key in Future Rental Housing Market by GlobeSt Featured by SVN | SFRhub Advisors
Originally posted by AffordableHousingFinance | Donna Kimura Sens. Ben Cardin (D-Md.) and Rob Portman (R-Ohio) have introduced legislation to create a tax credit that would encourage the revitalization of distressed single-family homes. The Neighborhood Homes Investment Act (NHIA) is based on the low-income housing tax credit (LIHTC) and New Markets Tax Credit. These longtime programs… Continue reading Senators Introduce Tax Credit to Revitalize Distressed Homes by AffordableHousingFinance Featured by SVN | SFRhub Advisors
Originally posted by TheMReport | Andy Beth Miller Redfin research shows that home buying demand has seemed to stabilize, with demand down 26% year-over-year based on numbers gathered April 1-7. These numbers represent a drop from the 33% decline from the previous week. Despite the economy coming to a halt and more than 10 million workers… Continue reading Homebuying Demand in the U.S. Could Be Stabilizing by TheMReport Featured by SVN | SFRhub Advisors
Originally posted by LendingTree | Tendayi Kapfidze Finding a place to live can be challenging — and so can choosing between renting or buying a home. Each option has its advantages and disadvantages, especially in the wake of the COVID-19 pandemic, when many people are struggling to pay their monthly housing costs. To highlight some… Continue reading LendingTree Compares Renting and Owning a Home in the Nation’s 50 Largest Metropolitan Areas by LendingTree 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
Originally posted by GlobeSt. | Suzette Parmley With developers focused—even obsessed—with the often single, urban and transient millennial generation in the last decade, families were neglected as one of the largest and most critical rental segments. That neglect may have come at a cost and will likely force developers to catch up with new demand… Continue reading Family Renters Expected To Explode, Ushering Need For More Development by GlobeSt Featured by SVN | SFRhub Advisors
With the new normal being completely changed, eMortgages are exponentially growing. According to FannieMae, the number of electronic promissory notes (eNotes) grew by more than 500% in 2019 and is continuing to grow. eMortages are faster, secure, and inexpensive compared to paper-based mortgages. Continue reading below to learn more about the uprise of eMortgages.
Originally posted by DS News | Seth Welborn In a new update from CoreLogic, industry experts dive into the key issues affecting the mortgage and housing industry, from rents to interest rates and price growth. First, Molly Boesel, Principal, Economist, at CoreLogic noted that U.S. single-family rents increased 3% year over year in March 2020, the… Continue reading SFR’s Place in the Housing Market by DSNews Featured by SVN | SFRhub Advisors
Originally posted by Bloomberg | Noah Buhayar, Prashant Gopal, and John Gittelsohn It’s the surprise of a spring selling season that’s been anything but normal: Buyers returning to the housing market have been battling over the few available properties. While sales are way down, the lack of inventory has propped up prices and led to bidding wars,… Continue reading Bidding Wars Are Back in Housing Market Stung by Pandemic by Bloomberg Featured by SVN | SFRhub Advisors