RSS News & Updates

  • 42 Million Americans Will Travel Over Memorial Day May 23, 2018
    The American Automobile Association (aka AAA) is predicting that 42 million Americans will travel over the 2018 Memorial Day weekend.  This is nearly 5% more than last year and the highest in over 12 years.  AAA cites the strong economy and growing consumer confidence as reasons behind the increase. “The highest gas prices since 2014 […]
  • Landlord Hank: Where Do You Draw the Line On Normal Wear & Tear? May 23, 2018
    Dear Landlord Hank: Where Do You Draw The Line On Normal Wear And Tear? The definition of what is normal wear and tear in a rental can be somewhat subjective at times. That’s why veteran landlord and property manager Hank Rossi answers questions from other landlords and property managers around the country about their rentals. […]
  • Median Property Values by State May 23, 2018
    Using data from the American Community Survey and the FHFA index, the National Association of Realtors Economist Outlook recently analyzed the gains and losses of property value over a period of time.  Their research shows the states with the highest estimated median property values in 2017 were Hawaii ($637,892), District of Columbia ($605,756), California ($522,431), […]
  • Smaller Cities Poised to Become Powerhouses May 22, 2018
    Where are the smaller cities poised to become powerhouses??  Leave it to who crunched the numbers to discover the small & midsized metros that are “poised to hit it big.”  They looked at data from the 200 largest metros (excluding the 15-largest) and examined population, income, home prices, building permit growth, employment figures; and […]
  • Is the Era of Low Mortgage Rates Over? May 22, 2018
    The Wall Street Journal (via recently reported that mortgage rates have risen to their highest levels since 2011, which they say signals the end of a long period of “ultracheap” loans and has ushered in a new era of higher-rates.  In citing data from Freddie-Mac which showed rates quickly rising to 4.61% (up from […]
  • HouseCanary’s Q1 Rental Index May 21, 2018
    The latest HouseCanary quarterly Canary Rental Index (CRI), reports that the nationwide effective gross yield (EGY) is remaining steady at 7.7%  – which HouseCanary says effectively means that investors can expect a return on their investment of around 7.7%.  The CRI measures Effective Gross Yield, defined as the current fair market annualized rent minus estimated […]
  • Local Market Monitor’s National Economic Outlook for May May 21, 2018
    Local Market Monitor, a National REIA preferred vendor, recently released their National Economic Outlook for May, 2018 where they share their thoughts on developments taking place in the U.S. economy.  Interestingly, Mr. Winzer warns of “a risk we haven’t seen before” resulting from a “greater concentration of jobs and real estate value in a smaller number […]
  • 10-Step Foreclosure Buying Process May 18, 2018
    Understanding the foreclosure process is a must for real estate investors who hope to pursue this profitable & tricky investing opportunity. The folks over at FortuneBuilders put together this handy infographic outlining the 10-step foreclosure buying process in order help develop a strategy that works for you.  Happy Friday!!! Hat tip to FortuneBuilders. The post […]
  • Right Now, It is a Seller’s Market May 17, 2018
    According to Gallup’s annual Economy and Personal Finance poll, 45% of non-homeowners say they plan to buy within the next 5 years, however only 22% of current homeowners plan to sell during that same time frame.  Gallup says that a favorable market for sellers will continue in the near future….Indeed! “One reason homeownership rates have […]