Archive Monthly Archives: December 2019

Storm Prep, next Meet 12/6 7-8:30pm & Weekly Update November 29, 2019

Don’t forget to Renew your Membership in and/or if you’ve Expired, otherwise you’ll lose those important Benefits, especially the 4 Home Depot programs. Thanks, Mike

  1. Fellow Landlords, the first thing I do in Preparation for a Storm, Like the Nor’Easter we’re having right now (8:36pm 12/2) is to make sure all our Rentals have: New Shovels. Plenty of Salt and Sand. & The understanding that I’ll have someone get to the Properties that I have taken care of (Not the Single Family Houses we rent) and if someone needs to get out before they’re Plowed ad Shoveled they now have the equipment right there!

2. Our next meeting is Movers and Shakers at Kelly’s Roast Beef, 165 Endicott Street, Danvers MA 01923 Friday, December 6, 7-8:30pm

Be careful in this storm and I look forward to see you this Friday, Mike Hurney, Director & PO Box 307, Marblehead, MA 01945

3. Weekly Update November 29, 2019

Existing Home Sales Up 1.9% in October
The National Association of Realtors is reporting that existing home sales were up 1.9% to a seasonally-adjusted annual rate of 5.46 million in October, which they characterize as a slight recovery from the declines seen last month.  Click here to read more.
Top Metros for Millennials
It has been a few weeks wince we’ve talked about Millennials so we don’t want them to feel left out.  According to recent number-crunching form, there is a “sea change happening” among millennials s and it’s causing repercussions across U.S. housing markets.  Click here to read more.
Single-Family Rentals Rising on Low Supply
Citing data from Corelogic, CNBC’s Diana Olick reports on the supply and demand for single-family home rentals.  Accordingly, U.S. single-family rents increased 3% year over year in September. Click here to read more.
New Geographic Mobility Data Reveals Moving Trends
We have to admit, there are some pretty intense data in here that might cure for insomnia or predict your next out of state real estate investment.  Indeed, the U.S. Census Bureau recently released their 2019 CPS ASEC Geographic Mobility detailed table package and updates to their historical tables and historical graphs – in other words, the movement of people from one location of residence to another.  Click here to read more.
Minority Homeownership Increases in Q3
The NAHB’s Eye on Housing is reporting that new data from the Census’ Housing Vacancies and Homeownership Survey (CPS/HVS) says minority homeownership increased in Q3 2019 to 48.3 percent, up 0.9 percentage points from the third quarter of 2018.  Click here to read more.
Cost of a Comfortable Retirement in America
Saving for retirement is on the minds of most Americans, however what that retirement looks like and how much it costs varies across the nation.  The folks over at say that some parts of the country are “friendlier on the wallet” than others when it comes to retirement. Click here to read more.
HUD Asks FTC to Investigate Websites Selling Assistance-Animal Docs
We have posted about the seriousness of service animals many times over the past few years.  And now, the U.S. Department of Housing and Urban Development (HUD) is seeking action against online companies that profit from selling sham assistance animal documentation at the expense of rental housing providers and renters who have legitimate needs.  Click here to read more.
Water Heaters Save Energy One Drop at a Time
Infographic:  Water heaters…they’re either a potential time-bomb in that flip you just bought or an old friend in your basement.  However, if you ever need to replace one, what do you replace it with? Click here to read more.