Skip to main content

Rental Stock levels Indicates Growing Popularity of SFR Market. Team Thayer Real Estate News

rental
Team Thayer Real Estate News
The single-family rental market has been gaining popularity in the last couple of years, as indicated by a moderate increase in rental stock.
Na Zhao, Housing Policy Economist for the National Association of Homebuilders, pointed out on theNAHB's Eye On Housing blog on Monday that according to data from the U.S. Census Bureau, rental stock jumped by 1.4 million during a two-year period from 2011 to 2013 up to 40 million. Single-family rental homes made up the largest portion of that stock, with 29 percent.
"Contrary to popular expectations, most rental homes are smaller properties, single-family homes and multifamily buildings with 2 to 4 units," Zhao said.
The period from 2011 to 2013 saw a moderate increase in rental home share across all structure types, except for townhomes. Single-family rental homes (including both detached and townhomes) saw an increase of 3 percent during the two years, while multifamily stock climbed by just 1 percent during the same period.
"However, the increase for single-family rental inventory was not due to initially built-for-rent purposes,"Zhao said.
That trend may be changing; with the number of foreclosed properties on a steady decline in the years since the crisis, investors who had previously purchased REO or foreclosed properties cheap and rented them out are looking elsewhere for business. A recent report from NBC News indicated that investors are gravitating toward newly-build homes for the single-family rental market.
Also according to Zhao's blog post, the Census Bureau reported that 85 percent of rental housing stock during the period was located in urban areas (split evenly between central cities and suburbs with 43 percent and 42 percent, respectively).
The mortgage industry has recognized the growing popularity of the single-family rental market. This week at the 2015 Five Star Conference and Expo in Dallas will include the inaugural Single-Family Rental Lab, and Five Star will host the inaugural Single-Family Rental Summit in Las Vegas from October 11 to 13.

Team Thayer www.teamthayer.com

Justin Lee Thayer is Lane counties expert in market analysis for real estate investors. Call Justin @ 541-543-7287

Labels:
Location: Eugene, OR 97401, USA

Popular posts from this blog

UFC 227 play-by-play and live results #UFC #MMA #UFC227

LOS ANGELES – MMAjunkie is on scene and reporting live from today’s UFC 227 event, and you can join us for live play-by-play and official results beginning at 6:30 p.m. ET (3:30 p.m. PT). The event takes place at Staples Center in Los Angeles. The main card airs on pay-per-view following preliminary-card bouts on FX and UFC Fight Pass. In the main event, bantamweight champion T.J. Dillashaw (15-3 MMA, 11-3 UFC) rematches former champ and ex-teammate Cody Garbrandt (11-1 MMA, 6-1 UFC) for the title. In the co-feature, flyweight champion Demetrious Johnson (27-2-1 MMA, 15-1-1 UFC) has a rematch with Olympic gold medalist and former title challenger Henry Cejudo (12-2 MMA, 6-2 UFC). Follow along with our round-by-round updates and official results beginning at approximately 6:30 p.m. ET for the UFC Fight Pass prelims, 8 p.m. ET for the prelims on FX, and 10 p.m. ET for the main card on pay-per-view. To discuss the show, be sure to check out our  UFC 227 discussion thread...
Read more

First-Time Home Buyer Mortgage Risk Edge Up Team Thayer Real Estate news.

The first-time buyer share in April, May, and June was launched to new highs, supported by improvements in the labor market, riskier mortgage lending, and continuing low mortgage rates. The  American Enterprise Institute (AEI)  International Center on Housing Risk  recently released a  report , finding that first-time buyers account for 58.8 percent of primary owner-occupied home purchase mortgages with a government guarantee, up from 57.2 percent the prior June, according to the Agency First-Time Buyer Mortgage Share Index (FBMSI). The Combined FBMSI, which measures the share of first-time buyers for both government-guaranteed and private-sector mortgages reached an estimated 52.9 percent, up from 51.6 percent the prior June, according to the report. In addition, AEI determined that the Agency First-Time Buyer Mortgage Risk Index (FBMRI) stood at a series record of 15.83 percent, and increase of half of a percentage point from the average over the prio...
Read more

Understanding the tax advantages and disadvantages of homeownership #realestate #taxadvantage #taxes #housing #market

It’s no secret that some of the major perks of homeownership are the tax write-offs and advantages that follow the purchase. In fact, according to a 2015 survey by the National Association of Realtors, 80% of homebuyers see homeownership as a good investment, and 43% think it’s better than investing in the stock market. Reaping the rewards of mortgage interest and property tax deductions is just one way to think of your home as an investment. But there are even more real estate–related tax advantages and disadvantages that can slip under a new homeowner’s radar. It can be relatively easy to trigger tax liabilities or perks (and then fail to claim them) on that new piece of  Eugene, Or, real estate . This is why it’s essential to touch base with your tax pro before every real estate transaction, no matter how minor a question you may have. Sometimes planning and timing make a major difference in the financial impact of a real estate–related tax; other times, ...
Read more