|
|||||
 |
Ah the beauty and splendor of Hawaii! Living in paradise comes at a price though as Hawaii, by far, leads the nation in average loan amount on a home, coming at $677,299 according to a report just released by LendingTree.com. Coming in a rather distant second is Washington D.C. at $393,453, followed by Continue reading… Hawaii homeowners have highest mortgage amounts in U.S. WASHINGTON – The Justice Department today announced that Roger Harris, Hediger Enterprises Inc., Carroll Management Group, Forum Manor Associates L.P. and Forum Manor LLC have agreed to pay $295,000 in monetary damages and civil penalties to resolve a Fair Housing Act lawsuit alleging sexual harassment, race and sex discrimination, retaliation Continue reading… Justice Department Settles Housing Discrimination Lawsuit in Rolla, Missouri The last couple of months I have said that, “unless something changes dramatically, 2011 will hit a new record low of new home starts. Well, unfortunately, even though the report for October shows an increase of 3.9 percent in housing starts, the seasonally adjusted annual rate is still at just 430,000 homes and Continue reading… New home permits and construction increase in October; Still at record low pace for year Freddie Mac released it’s U.S. Economic and Housing Market Outlook for October this morning showing demand for rental housing on the rise and that the multifamily sector of the housing market is a strong positive signal for the U.S. Housing Industry. Report highlights include: Over the year ending mid-2011, the Census Bureau reported a net increase Continue reading… Rental housing on upswing The economy is delaying baby boomers’ plans to sell their homes, according to a survey just released by Coldwell Banker Real Estate. This doesn’t mean boomers aren’t in the market though….in fact, according to the survey, the desire to purchase and own a home, or more than one home, “remains strong.…especially so in the Continue reading… Boomers aren’t selling their homes but are looking to buy investment property As far as I’m concerned, the Internet is one of the greatest inventions of all time, and ranks right up there with flush toilets, sliced bread and basketball! For real estate investors, the Internet is the single best property due diligence research tool available. Especially for investors who are located in counties where property tax Continue reading… How To Use The Internet To Perform Due Diligence On Real Property 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: Occupancy Surpasses Long-Term Average, and Rents Move Ahead of Pre-Recession Peak – Bay Area, Seattle, Austin and New York Lead Rent Growth The U.S. apartment sector again posted robust revenue growth in the third quarter of 2011, according to MPF Research, an industry-leading market intelligence division of RealPage, Inc. (NASDAQ:RP). National occupancy climbed 0.6 percentage points Continue reading… Report Shows Continued Strong Momentum for the U.S. Apartment Market in the Third Quarter WASHINGTON – The Justice Department today announced a $95,000 settlement to resolve a lawsuit alleging that the former manager of Park Towers Apartments in Waterloo, Iowa, sexually harassed female tenants at the complex. The lawsuit alleges that Michael Nieman, the former on-site manager of Park Towers, sexually harassed female tenants in Owners of vacation rentals are reporting that the summer season was a successful one with 68 percent of them reporting occupancy rates of 76 percent or more over the summer, this according to a report released today by HomeAway, Inc. The vacation rental market suffered from the market downturn just like the rest of the Continue reading… Vacation rental owners report high occupancy rates from the summer season 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, 80 percent of current home owners said they plan to buy a home again. Las Vegas, Nevada is the best place in America to buy at rental property at this time according to the newly released “HomeVestors-Local Market Monitor Best Markets to Invest in Rental Property” report. According to the report, approximately 14 percent of the single family homes in the U.S. are being operated as rental properties. WASHINGTON – The Justice Department announced today that New Orleans landlords Betty Bouchon, the Bouchon Limited Family Partnership and Sapphire Corp., have agreed to pay $70,000 in damages and civil penalties to settle a lawsuit alleging they unlawfully denied housing to African-American prospective renters at a 16-unit apartment building located in New Orleans. The settlement Continue reading… Justice Department Obtains $70,000 Settlement in Housing Discrimination Lawsuit Against New Orleans Landlords 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 Continue reading… Buying a home more affordable than renting in three out of four major cities A survey released today by TransUnion shows that more large property managers (201 or more units) were able to increase rents last year than small property managers (200 or fewer units) were able to. According to the survey, sixty-four percent of large property managers said they have raised rents, while only thirty-six percent of Continue reading… Size matters when it comes to property manager’s ability to raise rents 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. More than half a million vacation homes were purchased last year, fueled by low real estate prices, attractive mortgage rates and the potential for price appreciation according to research done by the National Association of REALTORS for HomeAway. Apartments.com conducted a national survey of renters which revealed some interesting information with regard to the present-day tenant. To begin with, many more tenants today are former homeowners than in that past, in fact, according to the survey, 20 percent of respondents looking for an apartment this year said they are current homeowners. Of Continue reading… Why tenants move and where they look for their new rental 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 Continue reading… Rental housing market weathering storm; more tenants former homeowners Joe Plemon, ChristianPF.com Owning your own home may still be the great American dream, but, the influx of foreclosures in recent years has made it a nightmare for millions. If you are considering purchasing a home, I challenge you to at least think through the advantages of Continue reading… 7 Reasons to Rent Instead of Buy a Home 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 Annually, HUD determines “fair market rents” which become effective October 1st each year and are used to determine rent amounts under the Housing Choice Voucher program, Housing Assistance Payment Contracts, Moderate Rehab programs as well as other Section 8 programs. Earlier this month HUD published in the Federal Register it’s proposed fair market rents Continue reading… HUD Publishes Proposed Fair-Market Rents for Section 8 for 2011 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 Continue reading… Top 10 Cities to Rent vs Buy and Top 10 To Buy vs Rent 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 real estate Continue reading… Is Home Ownership Losing It’s ‘Sizzle’? Dennis Norman The apartment market continues to rebound from the “Great Recession” according to the April 2010 Quarterly Survey of Apartment Market Conditions conducted by the National Multi-Housing Council (NMHC). According to respondents to the survey, sales volume is up, debt and equity are more available and the rental markets are getting better. The survey Continue reading… Apartment Industry Seeing Improvement Dennis Norman According to a report released earlier this week by the U.S. Census Bureau, rental vacancies for the first quarter of 2010 in the U.S. are almost 5 percent higher than they were a year ago. The rental vacancy rate in the U.S. for the first quarter of 2010 was 10.6 percent, up from Continue reading… Rental Vacancy Rates For First Quarter 2010 Up From a Year Ago Dennis Norman Recently, Apartments.Com conducted a survey of it’s website website visitors across the country and found that the majority of apartment seekers want to live in an apartment community that caters to a sustainable lifestyle. According to the survey results, 89 percent of respondents said they would prefer to live in a “green” apartment Continue reading… Survey Show’s Tenants Want to be ‘Greener’ Dennis Norman Every facet of the apartment industry was touched by the Great Recession in 2009, according to the NMHC 50, the National Multi Housing Council’s annual ranking of the 50 largest apartment owners and the 50 largest apartment managers. “Apartment sales transaction volume plummeted,” noted Mark Obrinsky, NMHC Chief Economist. “Only $14 billion in properties Continue reading… ‘Great Recession’ Challenges Apartment Industry
Dennis Norman I thought I would end the week by giving everyone something to dwell on and contemplate over the weekend. Actually, I set out this morning to do a post about the National Association of REALTORS(R) (NAR) Housing Affordability Index for February which was recently published. As I was reviewing the Continue reading… Homes are affordable; Should you buy? Rent? Do home prices need to fall further? Dennis Norman According to a Survey conducted by the National Association of REALTORS (NAR), investment-home sales dropped 15.9 percent in 2009 to 940,000 sales from 1,120,000 in 2008. For comparison purposes, primary residence home sales rose 7.1 percent in the same period. NAR Chief Economist Lawrence Yun said, “Investment buyers primarily seek rental income, with six Continue reading… Investment-Home Sales Fell 15.9 Percent in 2009 |
||||
|
Connecting St. Louis Information St. Louis The owner and authors this site are providing the information on this web site for general informational purposes only and make no representations, warranties (expressed or implied) or guarantees of any kind whatsoever, as to the accuracy or completeness of any information on this site or of any information found by following any link on this site. Furthermore, the owner and authors of this site will not be liable in any manner whatsoever for any errors or omissions in information on this site, nor for the availability of this information. Additionally the owner and authors of this site will not be liable for for any losses, injuries or damages in any way from the display or use of this information or as the result of following external links displayed on this site, or by responding to advertisements displayed, or contained, on this site
In using this site, users acknowledge and agree that the information on this site does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind nor should it be construed as such. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action on this information, you should consult a qualified professional adviser to whom you have provided all of the facts applicable to your particular situation or question. None of the tax information on this web site is intended to be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. Powered by WordPress & the Atahualpa WP Theme by BytesForAll. Now with Tutorials & Support |
|||||
Recent Comments