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5 Things You Should Know About the 2018 Housing Market

If you’re in the market for a new home this year, there are five important things you need to know. A recent article in Forbes says housing prices will continue to rise, about 5%-6% on average. That type of increase may slow the housing market and make single-home rentals more attractive. If you’re looking for a home in a desirable market like Seattle, Portland, Los Angeles or San Diego, good luck! Prices are climbing even faster in those cities. The savvy home buyer should probably look elsewhere for better deals in cities with slower home price growth: Chicago, Boston or Washington, D.C. Another caveat for prospective buyers: lenders are getting pickier about who they’ll lend to. According

Tax Bill May Hinder Second Home Prospects

Congressional Republicans and President Trump may be celebrating the newly-enacted tax reform bill, but people in the market for a second home may find the bill complicates their dreams of buying a second home. According to CNBC, the rules have changed regarding the deductions you can take on your second home purchase. If you already have a $750,000 mortgage and plan to buy a second home next year, you will not be able to deduct the interest on that loan. And if that wasn’t onerous enough, the newly-imposed $10,000 cap on property, state and local income taxes will slow the housing market in affluent areas of the country such as San Francisco, New York City and Alameda, CA. Single-family hom

Robots to Replace Real Estate Agents?

Real Estate was once the sole province of agents in the field, showing homes and rental units to prospective buyers. Not anymore. Zenplace, a rental management company based in San Francisco has developed a robot-like “agent” that can roam from room to room along with prospective renter. No, these real estate robots aren’t as advanced as R2D2, but they get the job done. The “robot,” really a moveable video monitor, allows the rental agent to talk to the prospective renter through the screen. The agent can also move the device throughout the home or apartment. "Robots are part of our end-to-end solutions," said Rahul Mewawalla, CEO of Zenplace. "What our robots really do is reduce the leasing

Boom in Apartment Construction Drives Housing Recovery

In an interview with Neil Nabar, portfolio manager of Fidelity® Select Construction and Housing Portfolio, Nabar says he’s bullish on the housing recovery and the prospects for the multifamily rental sector. This growth is fueled by Millennials who, because of the downturn in new single-family construction, have been priced out of the market. “These young buyers are flocking to cities,” Nabar says, “and are favoring apartments and multifamily housing, and that dynamic has led to a boom in construction of those types of properties. Between 400,000 and 500,000 apartment units were built during the last 12 months. We haven't seen that volume of construction since the 1980s, when baby boomers we

American Malls: Is There Life After Amazon?

The so called ‘Death of the American Mall’ may be premature. Yes, it may be on life support right now but there are signs of recovery. According to Forbes, some of the biggest and smartest investors on Wall Street are betting against the trend to abandon the mall and they’re backing it up with substantial capital. But why? Isn’t Amazon destroying the brick and mortars? Yes, it is; but insiders believe the most valuable malls in America will navigate the rough waters by finding younger, more adaptable online-focused brands. Arthur Coppola, CEO of Macerich, optimistically says digital-first Amazon, Warby Parker, Dyson, and Shinola are embracing models that also push them into brick and mortar

GOP Tax Bill: Good for the Single-Family Home Rental Market?

The Republicans received the vote they had hoped for on their new tax bill. While a tax cut may sound good on paper, further review indicates that homeowners will be hurt. According to a recent article in Forbes, three parts of the bill are of considerable concern to most middle-class homeowners: a reduction in the amount of mortgage interest that can be deducted, a new cap on property tax deductions and limits to the capital gains exemption used by homeowners when they sell. William Brown, president of the National Association of Realtors, calls the bill “nowhere near as good a deal as the one middle-class homeowners get under current law.” However, lost in this massive bill, is one provisi

Home Ownership May Not Increase Wealth, Study Says

Homeownership has always been synonymous with wealth-building, but a new study from Florida Atlantic University, Florida International University and the University of Wyoming indicates otherwise. Owning a home may help you save money, but it won't help you make money. U.S. homeownership is on the decline despite rising demand. New construction has not been rising quickly enough to meet that demand, resulting in higher prices. The sticker shock is palpable as home hopefuls are being priced out. In this environment, renting a single-family home may be a better option. For the full article, please click HERE: Consider investing in a professionally managed portfolio of single-family homes? Plea

Boom in Apartment Construction Drives Housing Recovery

In an interview with Neil Nabar, portfolio manager at Fidelity® Select Construction and Housing Portfolio, Mr. Nabar says he’s bullish on the housing recovery and the prospects for the multifamily rental sector. This growth is fueled by Millennials who, because of the downturn in new single-family construction, have been priced out of the market. “These young buyers are flocking to cities,” Nabar says, “and are favoring apartments and multifamily housing, and that dynamic has led to a boom in construction of those types of properties. Between 400,000 and 500,000 apartment units were built during the last 12 months. We haven't seen that volume of construction since the 1980s, when baby boomer

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