“The investor is starting to gobble up pretty much anything under $200,000. We are not adding any new supply to the market to serve the first time home buyer,” Dennis Cisterna, chief revenue officer for Investability Real Estate, said in the report.
"The investor is starting to gobble up pretty much anything under $200,000," said Dennis Cisterna, chief revenue officer for Investability Real Estate, a company that markets rental homes and services. "We are not adding any new supply to the market to serve that first-time homebuyer."Read More
"Metros in the Midwest and southeast always earn top billing because of their low entry prices and moderate rents," said HomeUnion Research Director Steve Hovland. "Cleveland has often ranked at the top--or near the top--of the best places to purchase a single-family rental property."Read More
While the number of institutions buying into the single-family rentalspace remains small, investor interest continues to grow, according to a panel discussion during the National Association of Real Estate Editors’ (NAREE) 51st annual Real Estate Journalism Conference in Denver yesterday. And as data becomes more available, a wider variety of financiers are growing comfortable in the space, making it easier to transact the deals.Read More
“Data shows that the highest yielding markets are dominated by older metro areas in the Midwest and Northeast,” RentRange reported. “Sales price increases in these markets have lagged behind faster-growing markets in the South and Southwest.”Read More
“While many markets may have high yields, they may have quite different rent growth percentages and vacancy rates,” said Dennis Cisterna, chief revenue officer, RentRange Data Services. “A strong market would generally have a combination of high yields, low vacancies and high rent growth.”Read More
Memphis's single-family investment market is leading the nation both in share of the local housing market and profitability, according to two recent studiesRead More
“This has led home-price growth to outpace rent gains,” CoreLogic Chief Economist Frank Nothaft said. “Nationally, home prices were up 6.9% over the last year, while rent growth for single-family rental homes recorded a 3% rise through April, according to the CoreLogic Single-Family Rental Index.”Read More
As the chief revenue officer of Investability Real Estateand RentRange Data Services, Dennis Cisterna leads all revenue-related functions, including sales, marketing and strategic planning.Read More
RentRange, a provider of market data and analytics for the housing industry, released its latest ranking of the 25 U.S. metropolitan statistical areas by highest average gross yield for single-family homes during the fourth quarter of 2016.Read More
DENVER—A proponent of the single-family rental sector and the chief revenue officer of Investability Real Estate, Dennis Cisterna explains the advantages smaller investors can enjoy from casting a bigger net.Read More
Rental property investors take note: Cleveland, Detroit, and Dayton, Ohio, offer the highest return when it comes to single-family homes, according to a recent from RentRange.
In a report released March 30, RentRange identified the 25 U.S. markets with the highest average gross yield on single-family rental properties. According to the data, many of the nation’s most lucrative markets are in “noncoastal, Midwestern states, such as Ohio, Missouri, and Kansas.”
If you want to rent an apartment in one of those high-rise buildings going up in major cities nationwide but can’t find one in your price range, this could be your lucky day -- or even your lucky year. Rents may slowly be spiraling downward by as much as 20 percent.Read More
Sometime in the past 86 years, the American Dream has evolved from James Truslow Adams’ patriotic summation about opportunity without constraints in "The Epic of America" to the simple notion of owning a home as a more tangible substitute. While not as eloquent as Adams’ prose, the idea of homeownership feels like a relevant symbol of what any American can achieve through hard work and perseverance. The current ability to achieve that symbol is in a perilous position due to a number of factors.Read More
Doctors make bank — and even they can’t afford the Bay Area.
Doctors can afford to buy at least half of the homes in every major housing market in America, except one: San Francisco. While the typical doctor in the Bay Area makes $208,000, they’re facing median home prices of $1,249,000, among the highest in that nation. The sky high prices mean that only about 42% of the homes in the area are affordable to doctors, according to an analysis of housing affordability released Wednesday by real estate firm Trulia.Read More
While the housing market was crashing and Jim Smith was losing his Cathedral City house, his neighbor was looking for an investment.
Jack Faust, the semi-retired property manager who lived next door to Smith, bought a house half a mile away out of foreclosure for $110,000.
Then Faust knocked on Smith's door and asked if he needed a place to live — because he had a rental available.Read More
The average rent in San Antonio rose nearly 6% during 2016, one of the steepest rent increases of any city in the country in the past year, News Radio 1200 WOAI reports.
Dennis Cisterna of Investability Real Estate Inc says the average San Antonio apartment and home rent jumped 5.8% in the past year, making San Antonio one of three Texas cities to have rent increases among the top 20 cities nationwide.Read More
“As we begin 2017, it continues to look bright for single-family rental investors,” says Wally Charnoff, chief executive officer, RentRange Data Services. “Compared to the Q3 2016 change in rent, we are seeing the percentage change begin to lessen while rents continue to increase, which should ultimately stabilize demand, keeping vacancy rates down. It remains important for investors to look at stability within a market, focusing on the market’s activity over time to ensure there is a good balance--low historical volatility with a current upswing.”Read More