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The 10 Trending SFR Markets for Investors In 2019

It’s no secret now that the single-family rental market is booming. What isn’t known is that “secondary cities” are leading the way. There is no shortage of opportunities, and single-family rentals are demonstrating strong interest nationwide from all kinds of investors. While different investors look for different qualities in markets, many of them taking a long-term view, searching for metro areas with strong, sustainable growth prospects. Forbes put together a team of real estate analysts and sent them off to find out which smaller cities should be most attractive to investors. Las Vegas is leading the way, buoyed by a record number of convention visitors. In the last year, Las Vegas’ pop

Lower Mortgage Rates are Not Boosting U.S. Home Sales

The U.S. housing market has a serious case of “the blahs.” Despite lower mortgage rates, the market is now in a 15-month slump. Home prices and sales have slowed substantially and permits to build new homes are slowing. The Fed’s recent decision to lower interest rates as a means to stave off a recession is somewhat counterintuitive when it comes to housing. A recession would pull down prices and help solve the problem of overpriced homes. Applications to purchase a home have declined for four weeks running according to the latest Mortgage Bankers Association data; it’s not clear that even lower rates will help. Meanwhile, consumer plans to buy a home within six months are at multi-year lows

Demand for Single-Family Rentals is Surging

Demand for single-family rental homes is growing quickly, so much so that homebuilders are now stepping up to the plate and becoming landlords themselves. While builders have always sold some of their new homes to investors as rentals, the strong demand has some moving into the space exclusively. According to National Association of Home Builders About 43,000 single-family homes were built for rent last year, the largest number in nearly 40 years. “Our business is booming right now with build-to-rent feasibility work,” said John Burns, founder and CEO of John Burns Real Estate Consulting. “We are discussing new projects with clients almost daily. The market has become so hot that we are alre

The Right Time for the REIT Investment

Real Estate Investment Trusts are becoming the darlings of the investor’s class this year; notching a nearly 20% gain that has made some look fully valued just as investors turn to them for shelter from recent market storms. As the stock market rises and falls, stumbles and soars, more and more savvy investors are putting their money into REITs. REITS act as a hedge against the trade conflicts between China and the U.S. and they’re also getting a boost from falling interest rates. Their current yield of 4% is nearly double that of the S&P 500. Scott Craig, portfolio manager of the Eaton Vance Real Estate fund (ticker: EAREX), believes that REITs make a lot of sense in volatile markets and th

Foreign Home Buyers are Fleeing the Market

Call it the “Trump Effect.” The continuing trade war between the U.S. and China is causing a dramatic drop in foreign demand for U.S. homes; we’re talking about a drop of 36% from the previous year. According to the National Association of Realtors, the decline was due to a decrease in the number and average purchase price. Foreigners bought 183,100 properties with a total value of about $77.9 billion, down from 266,800 valued at $121 billion in the previous period. “We call it the Trump effect. It’s a combination of anti-Chinese political rhetoric, a clampdown on visa processing, and of course tariffs,” Carrie Law, CEO and director of Juwai.com, said in a recent interview. “The Trump effect

Chicago High-End Home Sales Drop by Double Digits

The luxury home market in Chicago is on a slippery slope heading downwards. In the first half of 2019, 614 homes worth over $1 million were sold compared to 719 last year; a decline of 14.6%. It appears that more well-heeled home buyers are biding their time in anticipation of an economic downturn in the next year or so. They’re also waiting to see what kind of policies the new Chicago Mayor Lori Lightfoot will propose. "Everybody feels this uncertainty," says Robyn Brooks, a Berkshire Hathaway HomeServices KoenigRubloff Realty Group agent. “The past few rounds of property tax increases, and Mayor Lori Lightfoot's statement in June that there's "no question" the city will need more tax reven

Chicagoland Home Price Growth Weakens

These are not good times for home buyers in the Chicago housing market. According to the S&P CoreLogic Case-Shiller Indices, home values in the Chicago area grew at their slowest pace since October 2015. Prices in Chicago grew at a paltry rate of 1.6% in May compared to a national average of 3.4%. In fact, home values are still well below their 2007 peak before the housing bust. Among 20 major U.S. metro areas, only two had weaker price growth than Chicago (San Francisco and San Diego). Slow job growth may have contributed to the weakening, but of late, Chicago’s job growth has outpaced national trends. However, the impact on home prices might be better for home renters and investors. Read o

Head South: The Suburbs You Should Be Looking At Now

When Best Places to Live rankings come out for the best towns in Illinois, the south suburbs rarely make the cut. These rankings tend to be topped by suburbs north and west of Chicago. So says Ted Slowik, writer for the Daily Southtown. And he gives us ten reasons why the southern suburbs are great places to live. Here are two of them: Diversity. Yes, you read that right. Many south suburbs have diverse populations. Multi-ethnic suburbs are thriving, in no small part, due to tolerant faith-based communities who preach messages of tolerance and understanding. Nature Preserves. In the south suburbs, you’re never far from a large nature preserve to “get away from it all.” Forest Preserves of Co

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