A survey conducted by Apartments.com shows that in the 4th quarter of 2012, 35.1 percent of tenants surveyed were previous homeowners which is up from 33.6 percent the year before. Affordability and flexibility of choosing a location to live topped the list of whey former homeowners chose to become tenants this time around. While 5th on the list of reasons given for the change, the loss of a home due to foreclosure or divorce increased nearly 90 percent (89.8) in the past year [...]
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According to a new report, The Shifting Nature of U.S. Housing Demand, by The Demand Institute, average home prices will increase by up to 1 percent in the second half of 2012. By 2014, home prices will increase by as much as 2.5 percent. From 2015 to 2017, the study projects annual increases between 3 and 4 percent. This recovery will not be uniform across the country, and the strongest markets could capture average gains of 5 percent or more in the coming years. [...] A report released today by Zillow shows that median rents rose 3 percent from January 2011 to January 2012 while, during the same period, home prices fell 4.6 percent. According to the report, over two-thirds (69.2 percent) of the metro areas covered saw year-over-year gains in rents but only 7.3 percent of the metros saw home values rise during the same period. [...] Unfortunately, there are no cookie-cutter strategies, which will work for all investors in every single real estate market nationwide. And that’s exactly why, when you’re starting out in this business, you must take your time and carefully analyze a real estate investment strategy and take into account, the: [...] Trulia released the results of its American Dream survey today, which showed that, despite the tough economy and challenged housing market we are in, home ownership is still central to the American Dream. In fact, 70 percent of American’s said home ownership is a part of achieving the American Dream. [...] A report released by Trulia shows that, based on current market conditions, it is cheaper to buy a home than rent in 74 percent of major U.S. cities. At the top of the list is Las Vegas with a price rent ratio of 6 (the lower the number, the more affordable it is). At the [...] Typically from early spring until late summer is a busy season for the real estate market with increased home sales as people try to make their move without fighting winter and in time to have their kids in place before the new school year. Now, thanks to a report by Intersections, Inc., a company that [...] A report released this morning by Trulia shows that when it comes to the question “should I rent or buy” the answer is to buy in 80 percent of the 50 largest U.S. cities. Trulia’s “Rent vs. Buy Index” compares the cost of buying and renting a two-bedroom apartment, condominium or townhouse and for the [...] Eighty-two percent of independent landlords say they would rent to someone who lost a home in foreclosure, assuming the applicant traditionally had good credit, according to a survey released by The National Association of Independent Landlords. [...] Apartments.com conducted a national survey of renters which revealed that more and more homeowners are choosing rental over home-ownership. As the rate of home ownership in the U.S. drops to lows we haven’t seen in some time, the apartment community appears to be reaping the benefit. [...] According to a survey just released by Transunion, Landlord’s and Property managers appear to be making it through the Great Recession and are seeing improvement in the market from their perspective. In fact, seven out of 10 property managers said their rental properties have no vacancies, an increase of almost 17 percent from a year [...]
Dennis Norman Today, Trulia released it’s “Rent vs. Buy Index” which established a price-to-rent ratio for the 50 largest cities in America (by population), then, based upon that ratio, determined which cities it makes more sense (financially) to rent versus buy. [...]
Dennis Norman Last month I did an article, “Should You Rent Or Buy A Home?“, in which I discussed a survey that was done by the National Apartment Association which indicated 76 percent of consumers surveyed believed renting to be a better option than home ownership. Well, today Trulia released it’s new “Rent vs. [...] New Survey Finds 76 Percent of Consumers now Believe Renting to Be a Better Option Over Homeownership Advantages Cited Include Flexibility to Move to a Different Location with New Job Opportunities
Dennis Norman Last month I did a post addressing housing affordability, the cost of renting versus owning a home, and whether the [...]
Dennis Norman The Internet Crime Complaint Center (IC3) and the Federal Bureau of Investigation have published a report about common real estate scams and rental scams they are finding and how to avoid them. Like most scams there are warning signs and red flags that can help you avoid falling victim; knowing what to [...] Dennis Norman According to a report just released by MyNewPlace.com , renters can see significant savings on their monthly housing costs by opting for a larger apartment and getting a roommate, rather than going it alone in a smaller apartment. According to the survey, the top ten cities offering the best potential savings for roomates are: [...] Dennis Norman Yesterday, on a post I did earlier on rental scams, I received a comment from Dan with RentalScams.org. I visited RentalScams.org and saw their site is a wealth of information to help tenants avoid falling victim to a rental scam. I am going to post one of their helpful posts here today but invite you to [...] Dennis Norman Previously I have written giving advice on how to avoid the many rental scams that exist today. I received a comment from Dave Dugdale on one of these posts in which he mentioned a “rental scam detection quiz” he created. I checked out the rental scam detection quiz and was impressed. It takes [...] By: Dennis Norman The FBI has issued a consumer alert warning of phony online rental ads. According to the alert, the scam goes like this: You can’t believe your good fortune-you find a rental home in a nice area through a Craigslist classified ad at an unbelievably low rate. The landlord-who had to leave the country [...] Dennis Norman Over the past few months many people renting or leasing a home have had a rude awakening when they suddenly are told to vacate their home as a result of the property owner losing the home in foreclosure. Many times tenants are unaware of the owners plight prior to this so it [...] Dennis Norman By: Dennis Norman First off, my usual disclaimer…I am not an attorney and this is not intended to be legal advice or a legal opinion. I’m simply reporting on “news” that I think is interesting and relevant to apartment and condominium dwellers. Some time ago, it seems around the early 90′s, I [...] |
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