Archive Monthly Archives: May 2017

Loris’ Weekly Round-up 5/5/2017

Your Weekly News & Updates
Here is this week’s “Weekly Roundup” from Real Estate Investing Today, the news & views site from the National Real Estate Investors Association.
Real Estate Tops for Long-Term Investment
According to a recent Gallup poll, once again, for the 4th year in a row, real estate remains the top choice of Americans best long-term investment.  The results found that 34% chose real estate, 26% chose stocks, 18% chose gold, 13% chose savings accounts/CD’s, and 5% chose bonds as the best place to out money for the long-haul.  Click here to read more.
Home Sellers Realized Highest Average Price Gain Since 2007
Data powerhouse Attom Data Solutions (parent company of RealtyTrac) recently released their Q1 2017 U.S. Home Sales Report which showed that homeowners who sold in their homes in the first quarter realized an average price gain of $44k, which represented an average of a 24% return on the purchase price.  This is the highest average price gain for sellers since the third quarter of 2007.  Click here to read more.
Average HELOC Faces $250 Increase After 2017 Reset
According to the latest Mortgage Monitor Report from the Data and Analytics Division of Black Knight Financial Services, the average borrower of a HELOC (home equity line of credit) resetting in 2017 will face an average increase of $250 per month over their current HELOC payment – in some cases doubling their current payment.   Click here to read more.

Homeownership & Vacancy Rates Hold Firm

The U.S. Census Bureau is reporting that at the end of Q1 2017 The U.S. homeownership rate stood at 63.6% (virtually unchanged from last quarter) and the national vacancy rate for rental housing was 7% and 1.7% for homeowner housing – both virtually unchanged since last quarter.  Click here to read more.
39 States Saw Increases in Construction Jobs
A new analysis by the Associated General Contractors of America shows that between March 2016 and March 2017 thirty-nine states added construction jobs.  Using data from the U.S. Department of Labor, the AGC noted that while contractors are worried about being able to find enough workers in the future.  Click here to read more.
March’s Construction Spending Up 3.6% from 2016
The U.S. Department of Commerce is reporting that total construction spending in March was estimated at a seasonally adjusted annual rate of $1,21 trillion, which is 3% higher than March 2016.  Private residential construction was at a seasonally adjusted annual rate of $503.4 billion in March.  Click here to read more.
U.S States Without Sales Tax
There are currently five U.S. states without a statewide sales tax;  Alaska, Oregon, Montana, New Hampshire and Delaware.  Using data from the Tax Foundation, the folks over at GOBankingRates put together a quick list of those states along with a caveat for each about the taxes they do in fact collect.  Click here to read more.
Secondary Apartment Markets Outperforming
A recent analysis from John Burns Real Estate Consulting says that secondary apartment markets are outperforming what they call “surban” locations (desirable suburban locations with urban amenities) and that these secondary markets account for the largest current year-over-year rent growth, which they forecast to outperform through 2020.  Click here to read more.
What the kitchen faucet taught me about how to keep great tenants
Blogger:  That late-night maintenance call…So, I got a call last night from Jake – We will call him Jake for purposes of this blog – who handles the majority of the maintenance on my rental properties. My property manager usually just asks Jake to call me when a tenant reports a problem that involves a repair.  Click here to read more.
March’s Existing Home Sales
Infographic:  We recently learned about the record existing home sales that took place in March. Today’s infographic from the National Association of Realtors breaks down those numbers to reveal what exactly is taking place.  Click here to read more.