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Tag Archives: Rent prices

Freddie Mac: Multifamily Market Still a Good Investment

Even as the single-family housing market recovers, apartment properties should still be a solid investment in most markets going forward, according to Freddie Mac's analysts. In its mid-year multifamily outlook for 2013, the mortgage giant notes that multifamily market fundamentals such as rents and vacancies continue to improve, with New York, San Francisco, Denver, Seattle, and Los Angeles all seeing marked growth.

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Report: Asking Prices Slip for First Time Since November 2012

For the first time since November 2012, asking home prices decreased month-over-month, slipping 0.3 percent from June to July, Trulia reported. ""If you were worried about a housing bubble, July's asking-price slowdown will probably be the best news you've heard this year,"" said Jed Kolko, Trulia's chief economist. Factors such as rising mortgage rates, growing inventory, and declining investor demand were attributed to the dip in asking prices.

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Obama Answers Housing Questions from Public During Live Discussion

During the question and answer session hosted by Zillow, President Obama reiterated his stated goals to bring a gradual end to Fannie Mae and Freddie Mac, to bring private capital into the housing market, and to offer affordable housing options--both rental options and 30-year mortgages. ""We're actually confident that the private market can step in, do a good job, and the government can be a backstop,"" Obama said, adding, ""In some ways it's a return to earlier models.""

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New York City Housing Crisis Not Over Yet

New York City followed the nation's overall boom-bust cycle during the housing crisis and now appears to be on the mend--like much of the nation. However, some parts of the metro area are not yet experiencing the housing recovery that is making headlines in other parts of the nation, according to a report from New York University's Furman Center for Real Estate & Urban Policy.

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Survey: Most California Investors Opting to Hold Rather than Flip

A survey from the California Association of Realtors (C.A.R.) revealed preferences and strategies of a typical California investor. For the most part, investors in the Golden State plan to keep their purchase for at least a year. According to the survey, 26 percent of investors who worked with Realtors over the last 12 months before April 2013 said they intend to flip the property within a year, while 66 percent plan to keep the property for more than a year as a rental.

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Zillow: Housing Recovery Takes Off in Q2

After a somewhat slow first quarter, the national housing recovery took the pace up a few notches in Q2, Zillow reported. According to the company's second-quarter Real Estate Market Reports, the U.S. Zillow Home Value Index (HVI) rose to $161,100 as of the end of June--up 2.4 percent quarter-over-quarter and 5.8 percent year-over-year. While home value appreciation accelerated in Q2, it also spread to more areas across the country, reaching markets in the Northeast, Midwest, and Southwest that had previously had trouble keeping pace.

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Report: Credit Quality Improves for Prospective Renters in Q1

The credit quality for potential renters has improved over the last year, according to CoreLogic's Renter Applicant Risk (RAR) index report. In the first quarter of this year, the index increased to 104 compared to 102 a year ago and 99 in 2011. ""It's encouraging to see better qualified applicants who are more likely to meet their lease obligations,"" said Jay Harris, senior director of CoreLogic SafeRent.

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Survey: 57.5% of Housing Units in U.S. Are Owner-Occupied

Out of the over 132.4 million housing units in the United States, about 57.5 percent are owner-occupied, while 10 percent are vacant, according to data from the 2011 American Housing Survey released by released Thursday by the Census Bureau and HUD. The survey, which is the most comprehensive housing survey in the United States, revealed another 29.3 percent are occupied by renters. Seasonal units represented the smallest share, at 3.1 percent.

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Report: Rent Growth Picks Up in Q2

Over the last year, rents for new leases grew at an annual pace of 3.1 percent following a slowdown in the previous quarter. In the first quarter of this year, annual rents were up by just 2.6 percent, marking the weakest growth since late 2010, according to MPF Research. At the same time, the national apartment occupancy rate also moved higher, increasing to 95.3 percent from 94.9 percent in previous quarter.

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Florida Cities Top List of ‘Hot Spots’ for Retiring, Investing

Although Florida is often recognized for its high foreclosure rate, the state also holds a handful of cities that are ""retirement hot spots"" due to their real estate opportunities, according to RealtyTrac. On Thursday, RealtyTrac released a list of the top 15 markets for retiring. In order to be considered, at least one-third of the population in the markets had to be aged 65 or older. Out of the top 15 markets, seven were in Florida.

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