Originally posted by Builder | Jerry Ellenburg Traditionally, single-family homes were just that: residences for homeowners. But times are changing. Tour a single-family development and you may discover that all the occupants are renters. What’s afoot? Changes in the tax code have made owning less advantageous, and consumers are no longer buying into the American… Continue reading Build to Rent Still Booming by Builder 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 CNBC | Robert Frank Manhattan apartment deals plunged more than 80% in May from a year ago, while South Florida saw a surge as lockdowns and coronavirus fears continue to weigh on New York real estate. The number of sales contracts signed for Manhattan co-ops fell 80% last month compared with May 2019, according… Continue reading Manhattan Apartment Contracts Fall More Than 80% in May, Florida Surges by CNBC Featured by SVN | SFRhub Advisors
Originally posted by MPA | Erica LaCentra Rental demand continues to grow in 2020 giving real estate investors an immediate opportunity to make money in the coming year. According to the Urban Institute’s Housing Finance Policy Center, single-family homes for rent are the fast-growing segment of the U.S. housing market with an estimated 3.4 million millennials preferring… Continue reading 2020 Trends to Watch in the Single-Family Rental Market by MPA Featured by SVN | SFRhub Advisors
Originally posted by Forbes | Joseph Edgar For those of you who are reading this while locked down at home and feeling stranded, isolated and somewhat removed from the world, your reality may describe someone else's version of paradise. Although apartment complexes aren’t going anywhere in urban areas, a house with a yard and plenty… Continue reading Investing In Single-Family Rentals: The Best Position Of 2020 by Forbes 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.
Check out these tips from Forbes experts on successfully navigating the current saturated real estate market.
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!