Positive Signs In Real Estate
August 11, 2011 by admin
Filed under Positive Real Estate
Image by james.thompson via Flickr
Burns has lots of positive news for the housing markets.
- Apartment supply will soon increase in many western markets, coming off very low levels.
- Housing affordability is excellent, which can compete with rentals.
- A wide and more diverse variety of rental products is being developed in western markets.
Related articles
- Foreclosures Drop to 44-Month Low in July (dailyfinance.com)
- Rents hit a record high in Hub area (boston.com)
More related Positive News
31% Landlords Plan to Buy More Rentals By Year End
- Image by Getty Images via @daylife
LOS ANGELES, Aug. 31, 2010 – Almost one-third (31%) of independent landlords plan to buy additional rental property by the end of 2012, according to a survey released today by The National Association of Independent Landlords.
The top reason, cited by 68% of those planning a purchase, is that current prices make rental real estate a good investment. Other reasons include pricing low enough to allow them buy a retirement home (8%) or a vacation home (8%) that can be rented out to earn additional income until needed.
“With property prices still beaten up in many great areas – Las Vegas, Florida, Arizona and California – our members see this as a good buying opportunity and a smart way to beef up their property portfolios,” said Tracey Benson, president of The National Association of Independent Landlords. “Low interest rates are just icing.”
Most respondents (73%) say real estate is a good way to fund their retirement.
Nationally, housing prices and sales are mixed, with some areas having bottomed out and others in for further depreciation.
“It’s not like all uncertainty has been erased from the market – far from it. But buyers who do their research can find deals that really make economic sense for them,” Benson said.
The National Association of Independent Landlords polled 507 members from Aug. 24 to Aug. 26, 2010.
About The National Association of Independent Landlords The National Association of Independent Landlords is the country’s largest provider of services for small landlords. Services include credit reports, electronic rent collection and tenant screening as well as information about property management, rental laws in all 50 states and other issues critical to property owners.
For further information, please visit www.landlordassociation.com or call 1-800-352-3395.
More related Positive News
NAR Supports the Growth of Small Businesses
August 2, 2010 by admin
Filed under Home Resales, Investors, Mortgages, NAR, Pending Home Sales, Positive Real Estate, Positive Real Estate Brokerages, Real Estate Articles
- Image via Wikipedia
“As the leading advocate for private property rights, NAR believes it is critical for Congress to act soon and to get capital flowing to small businesses and to the commercial real estate market,” Jim Helsel, treasurer of the National Association of Realtors, told the House Committee on Financial Services. He explained that raising the SBA loan limits and allowing the SBA 504 loans to be used to refinance property can help ease the liquidity crisis in the commercial sector. He went on to articulate that the NAR strongly supports the H.R. 3380 because it is projected to raise the credit union member business lending cap from 12.25 percent to 25 percent of total assets. Small regional and community banks make up for close to half of the small business loans issued in the United States. Needless to say, available credit unions increase the credit accessible by small businesses.
Source: NAR
