Weekly Update November 22, 2019 AirBnB loses? Construction spending up (no kidding!) & more… from our friend Brad Becker
Airbnb Spent Millions, Loses Fight in Jersey City
We first posted about this last summer when Airbnb announced that they were fighting back against Jersey City (a NJ suburb of New York City) over new laws that severely limit short-term rentals. Now, fast forward to this past election day when the measure was soundly upheld (a defeat for Airbnb) by voters with over 69% of the vote. Click here to read more.
Construction Spending Up in September
The U.S. government is reporting that total construction spending in September was estimated at a seasonally adjusted annual rate of f $1,293.6 billion, which is 0.5% above August’s revised number. Click here to read more.
Pending Home Sales Up 1.5% in September
The National Association of Realtors is reporting that pending home sales increased 1.5% in September, which they attribute to historically low mortgage rates playing a significant role in marking two straight months of gains. Click here to read more.
Zumper’s National Rent Report for November ’19
Rental information site Zumper recently released their National Rent Report for November, 2019 showing that the median national rent for 1-bedroom apartment was $1,237 (down 0.3%) and the median two-bedroom rent was $1,480 (down 0.3%). Click here to read more.
Zombie Properties less than 3% of All Foreclosures
According to the latest Vacant Property and Zombie Foreclosure Report, ATTOM Data is reporting that there were over 1.5 million (1,527,142) vacant single-family homes and condos in Q4 of 2019. Click here to read more.
ABODO Says One-Bedroom Units Rebound in November
National apartment listing site ABODO recently reported that the median nationwide rent price for one-bedroom units in November was $1,071. Click here to read more.
Best Small Cities in America
What are the best “small cities” in America? Well, of course WalletHub put pen to paper to find out! They say “no two small cities are made equal” but which ones stand out among the rest? Click here to read more.
What $1 million Gets You in Cities Across the Country
What does $1 million get you for a home in different cities across the county? Well, Zillow says what that home looks like depends heavily on a town’s character, its building history, market pressures, legal guidelines and demographics. Click here to read more.
The History & Future of Wifi
Infographic: Wireless fidelity, aka WiFi…We practically take it for granted nowadays. Whether we’re looking up property records while sitting at a local Starbucks or crunching data at the office most of us use Wifi at some point during the day. So, what is the history & future of wifi? Click here to read more.
Mike Hurney is the Founder and Director of MassRealEstate.net, an Association of Contractors, Investors and Landlords. He is the Author and Coach of the popular Course "How to Become a Real Estate Investor in 12 Easy Lessons" which Trains and Guides Beginners or Sharpens and Challenges the Skill of Advanced Investors. Mike is a Successful Real Estate Investor, Rehabber and Landlord. He's also a Licensed Mortgage Broker and Construction Supervisor.