You may want to Check out the Weekly Roundup! 6/15 by Brad Becket
Additional Supply Needed to Alleviate Rising Home Prices
According to the latest CoreLogic Home Price Index (HPI) Report, home prices (including distressed sales) were up 6.9% year-over-year in April, 2018. In addition, prices were also up 1.2% from March. Click here to read more.
New Single-Family Home Size Increases
Reversing a trend over the past couple years, the sizes of new single-family homes have been increasing since the start of 2018. The NAHB’s Eye on Housing recently discovered that the median single-family square floor area increased to 2,436 square feet. Click here to read more.
Creating Stabilized Housing for Veterans
On a recent episode of the Real Estate Success with Jim Ingersoll podcast, Jim speaks with Ken Lacy, the founder of Veterans Path Up – a group that helps those who served achieve stabilized, affordable housing through real estate solutions. Click here to read more.
Vermont is Paying People to Move There
The high-tax state of Vermont is paying people up to $10k to relocate to their green mountain paradise, with a catch – you can live there, but you have to work remotely in another state. Vermont’s governor recently signed legislation authorizing grants of up to $10k for individuals to make the move. Click here to read more.
Why Some Renters Chase Jobs & Others Chase Locations When Moving
What is the motivation behind long distance moves among renters? A new study from ApartmentList takes a look at why some renters chase jobs and other choose locations when moving to new areas. They surveyed over 20k Apartment List users about their decision-making process and then divided the respondents into two categories; Job-first movers and Location-first movers. Click here to read more.
Recent California Law Allows Homeowners to Help Solve Housing Crisis
It kind of sounds oxymoronic, but a law passed in California back in 2016 to ease the housing crisis just might be showing some fruit. According to a recent story on Bloomberg, California’s legislature passed a law two years ago that allows owners of single-family properties to build guest apartments, which are referred to as accessory dwelling units (ADUs). Basically, they’re granny flats, guest houses or apartments over the garage. Click here to read more.
Mortgage Delinquency Rate at 11-Year Low
According to the latest CoreLogic Loan Performance Insights Report, 4.3% of mortgages were in some stage of delinquency in March, 2018. This figure is not only down one percentage point from a year ago, it is also at the lowest level since March, 2007. Click here to read more.
Houston Ranks as No. 1 U.S. Destination City for Movers
According to the latest U-Haul Migration Trends Report, Houston, TX, tops the list for as the number one destination for the 9th consecutive year. In fact, Houston saw a 5% increase since last year in one-way truck rentals. Click here to read more.
Ten Real Estate Calculations Every Investor Should Know
Infographic: What are the 10 calculations every real estate investor ought to know? This infographic from FortuneBuilders gives investors a comprehensive guide to the most commonly used investment property calculations in order to discover the best type of real estate calculator for your business – everything from After Repair Value (ARV) to Gross Yield! Click here to read more.