People were on the move in 2012 and apparently the most popular place for them to move to was Pittsburgh, PA., according to the 2012 Top US Growth Cities Report recently released by U-Haul International. The Steel City topped the list of 30 metro areas selected with a 9.04% population growth, based on data...
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In Shelby County, there were 1,030 total foreclosures in the first quarter this year, according to real estate information company Chandler Reports. That’s down from 1,252 foreclosures during the same period in 2012 – a drop of 17%. Pull back one year before that, though, and the number of foreclosures had spiked to 1,235...
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A Phoenix home with 95 bids is just one example of a housing market entering a new and unprecedented phase. Experts at Arizona State University School of Business say Phoenix is headed for a major housing shortage. Long gone are the days when Phoenix was riddled with available, well-built single-family homes in the wake...
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A Phoenix home with 95 bids is just one example of a housing market entering a new and unprecedented phase. Experts at Arizona State University School of Business say Phoenix is headed for a major housing shortage. Long gone are the days when Phoenix was riddled with available, well-built single-family homes in the wake...
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While buying single family rental properties has become the darling investment strategy of Wall Street, it may not always make sense for individual real estate investors — particularly in some markets already picked over by the large institutional investors. But there are still markets where the numbers work for the conservative, individual investor looking...
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The National Association of Realtors said on Thursday what home buyers and real estate investors in many parts of the United States have known for months: it’s becoming a seller’s market. The number of homes listed for sale in January fell by 4.9%, leaving 1.74 million properties on the market. That’s the lowest since...
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Consider Minneapolis, Minn. You could’ve bought, out of foreclosure, a three-bedroom, two-bath house of 1,356 square feet on a quarter acre lot for about $29,000. It needed a lot of work, but houses in the neighborhood recently sold for $75,000. Your mortgage would be under $100 per month and about the same in taxes....
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Investors are buying homes at a more rapid pace than ever before, and this time their investments actually make sense. Most are buying homes below replacement cost, or at prices that allow for a reasonable rental return. Across the 167 metro areas we analyzed, investor activity rose to 29.6% of all transactions in the...
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There are many complicated ways to analyze the market conditions in your local area, enough to confuse and boggle the novice investor’s mind. However, you can keep things simple by using our “MAD” method. This means paying attention to three important factors and noting whether they’re going up or down: M — Median housing...
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As we continue to go through Morgan Stanley’s “Housing 2.0: The New Rental Paradigm” we’re more confident that 2012 will be a big year for real estate investors. For one, the financial services company boldly concludes, “…gross rents are historically attractive relative to current distressed prices. Adding to this attractiveness is the fact that...
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