The equity picture is looking brighter for homeowners. At the end of 2016, there were 13.9 million U.S. properties – or nearly 25 percent of the housing stock with a mortgage -- that were considered equity rich, according to ATTOM Data Solutions.Equity rich is when the loan on the property is 50 percent or less of the property’s estimated market value. The number of equity-rich properties has grown by 1.3 million homes compared to a year ago.
Atlanta is HomeUnion’s latest top pick as the market that could offer the best opportunities for single-family rental investors. Home prices in Atlanta have yet to recover as solidly as other markets so investors there are more likely to jump in at a lower cost, yet still be able to charge higher rents due to demand from the metro’s growing job market, notes HomeUnion, a single-family-rental acquisition and management company."Atlanta has mov
As businesses evolve in the digital era, it’s affecting their needs when it comes to physical space in commercial properties. Broker-owners of commercial firms should take note of three trends Transwestern recently highlighted in its first quarter Insights report covering the retail, industrial, and multifamily sectors.1. Retail: The Rise of Mobile DataRetailers are getting more sophisticated in how they’re collecting mobile data about their
One in four U.S. adults say they are considering buying a home this year, which extrapolates to a whopping 59 million people, according to a recent survey by Bankrate.com.Minorities are expected to be big buyers this year. More than two in five black survey respondents said they were considering buying a home. That is more than double the percentage of potential white buyers.“Black homeowners were harmed in greater numbers by the housing crash
Many farmers are facing higher debt as a multiyear drop in prices for corn, wheat, and other commodities plagues on. That is pushing more farmers out of business. The Farm Belt will soon have fewer than 2 million farms, the lowest in years.Still, economists aren’t predicting the crisis to be as severe as the one that struck the Farm Belt in the 1980s, in which farmland values plummeted and interest rates soared.Economists expect farmland values
Atlanta, Ga., was the top moving destination in the U.S. for 2016, according to a newly released study by Penske Truck Rental, which reflects the company’s one-way rental truck data. Atlanta has claimed the top spot for the past seven years. Dallas-Fort Worth, Texas, continues to increase in moves, however.Take a look at the chart below to view the top moving destinations in the U.S.Source: Penske Truck Rental
More Americans are showing optimism toward their personal finances and the housing market, a reversal to a five-month decline in Fannie Mae’s Home Purchase Sentiment Index.In particular, Americans are more upbeat about home prices, home selling, their rising household incomes, and they’re less scared about losing their jobs, according to Fannie Mae’s Home Purchase Sentiment Index, a survey of 1,000 Americans in January about their attitudes
Pena Station Next is a high-tech neighborhood in Denver that is serving as a smart city lab to test different technologies and show what the future could hold. The neighborhood will feature autonomous shuttles and smart home technologies interweaved into everything from kitchen tables to the light pole outside a home.Panasonic, a partner in Denver’s smart city project, recently offered a sneak peak into what the neighborhood will have. So far,
Portland, Ore., city council members want to put a stop to landlords sticking renters with higher rents.Last week, City Council members approved a “relocation assistance” bill that is raising eyebrows of landlords across the country. Here’s what the new bill does: If a landlord raises the rent by more than 10 percent of a renter -- and doing so would force the renter to have to move -- the landlord will have to pay the tenant between $2,900
The chairman of the tax-writing House Ways & Means Committee joined REALTORS® at NAR’s 2017 Federal Policy Conference in Washington yesterday and urged them to stay engaged over the next year while lawmakers in Congress look at a full-scale reform of the country’s tax code.This year, tax reform is expected to be high on the list of priorities Congress and the new Administration are expected to take up. Reform of the seco
This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.
