Archive Monthly Archives: August 2017

BBQ/Rehabbed House Tour August 29, 2017 5:30 – 8pm

Email that just went out 8/18/2017 9:36am
Good morning,
We’re looking forward to see you at our BBQ/Rehabbed house tour, Tuesday, August 29, 5:30-8pm There’s a lot of talk, webinars, seminars but THERE IS NO SUBSTITUTE FOR ACTION! You’re welcome to join us and see how this Killer Deal came to fruition!
By the way, this Summer and our opportunity for outside construction is slipping away (my projects seem to be taking longer and longer) so you may not want to squander your time.
on the National scene…
Federal Court Approves Class Action on Ohio City’s Illegal Home Inspections
A lawsuit on behalf of property owners filed by Ohio’s 1851 Center for Constitutional Law has resulted in a federal court certifying a class-action lawsuit against a Northeastern Ohio city that says “all homeowners who were forced to endure government searches as a precondition to the sale of their homes are entitled to demand refunds of illegal “Point of Sale” inspection fees.”
More Smaller Homes Being Built
A recent Housing Perspectives from Harvard’s Joint Center for Housing Studies says that even though overall construction is down, construction of smaller homes (under 1,800 sq. feet) has actually increased 20% in 2016.
U.S. Construction Spending Dips in June
The U.S. Census Bureau is reporting that total construction spending in June was estimated at a seasonally adjusted annual rate of $1.2 trillion, which is 1.3% lower than May, but is 1.6% higher than June 2016.
ABODO: Nationwide Rents Trending Down
National apartment listing site ABODO recently reported that the median nationwide rent price decreased in July to $1,013 for a one-bedroom apartment.  Glendale, AZ saw the largest drop with a 10.7% decrease in August over July’s one-bedroom rents, to $744.
Profitably Investing in Farmland
The Lexington (KY) Herald-Leader is reporting that a group called American Farm Investors is buying up tracts of farmland in central Kentucky which they lease back to tenant farmers, who in turn farm the land and pay rent from their proceeds (not sharecropping).
Do Tiny Houses Have a BIG Future?
By now we’ve all heard of so-called “tiny houses.”  But are they a passing fad or do they really have a future.  Recently Curbed posed that question in an article “Tiny Houses: Big Future or Big Hype” where they looked deeper into the industry.
US to Experience Total Solar Eclipse on Aug 21st
On August 21st, the entire continent will experience a solar eclipse – some will even see a total eclipse which hasn’t been seen in the US since 1979.  During this natural phenomenon, the moon will completely cover the sun and the sun’s tenuous atmosphere (the corona) can be seen and will stretch from Salem, Oregon to Charleston, South Carolina. Outside this path people will still see a partial solar eclipse where the moon will cover part of the sun.
Zumper’s National Rent Report for August
Rental information site Zumper recently released their National Rent Report for August showing that the median national rent for 1-bedroom apartment was $1,176 and $1,399 for a 2-bedroom apartment.
84% of Americans Say Purchasing a Home is Good Financial Decision
Infographic:  This shouldn’t come as a shock to anyone, however it is always good to see these numbers in black & white.  The National Association of Realtors’ recent 2017 Housing Pulse Survey found that 84% of Americans say purchasing a home is a good financial decision – the highest since 2007!
Mike Hurney, Director, PO Box 307, Marblehead, MA 01945