Posts in News
Midwest Leads Single-Family Rental Yields

"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."

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NewsMichael Shai
Single-Family Rentals Enter a New Phase

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.

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NewsMichael Shai
Cleveland, Detroit Top Rental Investment Markets

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.”

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NewsMichael Shai
This could be the year of falling rents

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.

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NewsMichael Shai
The Uncertainty of the American Dream

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.

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NewsMichael Shai
This is the one place in America where even doctors cant buy a home

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.

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NewsMichael Shai
As thousands of houses became rentals, a new tenant found a landlord right next door

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.

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NewsMichael Shai
San Antonio Rent Increases are Among the Steepest in the USA

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.

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NewsMichael Shai
Where Investors Are Upping Rental Costs

“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.”

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NewsMichael Shai