Your Daily Digest for Real Estate Investing, 11/25/2020

Former Fed chair in the news, home prices and affordability, lots of people really are leaving big cities, and some high-end hope for malls.

In Today’s News

Bernanke: More Multifamily Housing Needed to Combat Affordability Crisis

The former Fed chair says growing supply would ease a demand crunch that’s forcing up home prices and that state and local governments will need to step up by helping private developers.

Why it matters: Affordable housing is an area of investment that has long seen public-private partnerships in action, and meeting that growing demand could present some new opportunities in the years ahead, as well.

S&P CoreLogic Case-Shiller Index Shows Highest Home Price Jump Since 2014

S&P Dow Jones Indices say that September’s 7.0% growth rate was the highest in six years and that it may reflect both a catch-up of depressed demand from earlier this year as well as presage future strength

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Your Daily Digest for Real Estate Investing, 11/19/2020

Home sales and prices are still soaring — and may keep it up, a possible new homeowner tax credit, a grim holiday retail season but some promising investments still there.

Today on Millionacres

Home Sales, Prices Continue Spiking as Mortgage Rates Hit Another New Low

The “best of times and worst of times” scenario continues in the American residential real estate market, with sales surging amidst an epic pandemic that’s surging itself.

Why it matters: While it’s a great time to sell a home, for the most part, it makes it harder for real estate investors to find a deal. That won’t be getting any easier if this sales pace continues, as the National Association of Realtors (NAR) predicts.

Home Prices and Housing Market Predictions for 2021

Despite the economic challenges 2020 brought, housing has had a banner year: Mortgage rates bottomed out, buyer demand surged, and home prices responded

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Your Daily Digest for Real Estate Investing, 11/11/2020

Single-family rental market rocks, resort towns roll, malls reel as pandemic rages, and maybe just lease it all to hunters.

In Today’s News

Single-Family Rentals Are Having a Moment

The pandemic could have either hampered rents and migration or just the opposite. Well, according to GlobeSt.com, new demand has hit generational records, rents have seen upward pressure, and the single-family rental market looks promising going forward.

Why it matters: As this piece points out, the surge in single-family housing rentals is attracting big money from major players. That could help inspire individual investors to consider their options, too.

Resort Towns Are Becoming Permanent Homes for Fleeing Homebuyers

Redfin (NASDAQ: RDFN) reported today that its data shows places like the Jersey Shore, Cape Cod, and Bend, Oregon, are attracting new homeowners fleeing big cities because of the pandemic, and they’re driving up prices.

Why it matters: The online listing and sales

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Your Daily Digest for Real Estate Investing, 10/30/2020

A new “ecosystem” of workplaces, PetSmart ditches Chewy, two views on possible 1031 exchange tax changes, and the year that was for opportunity zones.

In Today’s News

ULI, EY Predict ‘Ecosystem’ of Workplaces

Post-pandemic work life around the world will be centered on flexibility in activity and location, according to the Urban Land Institute and EY.

Why it matters: CP Executive says the report, based on a survey of real estate professionals around the world, foresees an ecosystem of workplaces that blend uses of residential, hospitality, and office spaces and a shift in language from “office” to “workspace.” Now’s the time to strategize that new normal in your real estate investing.

PetSmart Spits Out Chewy. Why the Winner Matters

This piece posted today on RetailWire looks at the ramifications of online retailer Chewy being split off from brick-and-mortar PetSmart three years after private equity investors put them together.

Why it

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Your Daily Digest for Real Estate Investing, 10/29/2020

Zombies on the run, sales surge dips, new Transamerica tower owner, real estate investing facts, and content houses.

In Today’s News

ATTOM Data Solutions Sees Slide in Zombie Foreclosures

The living dead are on the run this Halloween season; at least those that are vacant houses. ATTOM Data Solutions reported today the number of foreclosed homes sitting empty across the country (known as zombie foreclosures) has fallen 4.4% in the past three months.

Why it matters: The number-cruncher’s quarterly report also says the number of homes in the foreclosure process itself also has fallen, but the expiration of moratoriums and no stimulus help for the unemployed in sight could soon make things downright scary.

NAR Reports Dip in Month-Over-Month Sales

The National Association of Realtors (NAR) says house sales, as measured by new contracts signed, fell 2.2% in September from October after four straight months of gains. However, the sales

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Your Daily Digest for Real Estate Investing, 10/28/2020

Housing affordability vs. the election and wildfires, CubeSmart makes big buy in Big Apple, Swedish experiment in multigenerational living, and the year that was in multifamily housing.

In Today’s News

What Voters are Saying About Housing This Election Season

Because it’s time to do this sort of thing, the National Association of Home Builders surveyed registered voters around the country and reports these two takeaways: A larger portion of respondents feels Democrats are more likely to address housing affordability than the GOP and a large majority of respondents are in favor of an additional financial stimulus.

Why it matters: There’s more to read here, but the results do point to housing affordability, and the pandemic’s effects on the economy has major issues as next Tuesday comes rushing toward us.

Housing Affordability Crisis Deepens in Fire-Prone Parts of California

The Wall Street Journal [subscription required] reports today that insurance companies are

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Your Daily Digest for Real Estate Investing, 10/26/2020

New home sales cool a bit, Blackstone’s big bet on self-storage, CRE sales down and up, price dips and house flips, implications of another panic-buying wave.

In Today’s News

Monthly New Home Sales Dip from August to September

Sales of newly built homes actually took a breather in September, the federal government says, declining by 3.5% from August to a seasonally adjusted rate of 959,000. But that’s still 32% higher than September 2019.

Why it matters: What goes up must slow down, it seems. Demand for new construction is still being driven by low interest rates and rising demand in lower-density markets, like suburbs and exurbs, the National Association of Home Builders (NAHB) points out.

Blackstone’s Private REIT to Buy Simply Self Storage for $1.2 Billion

Blackstone (NYSE: BX) Real Estate Income Trust (BREIT) today announced it would buy Simply Self Storage from a Brookfield Asset Management real estate fund

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Your Daily Digest for Real Estate Investing, 10/23/2020

Gap closing hundreds of stores, hotels into apartments, reeling REITs, Party City not investing in Halloween so much, and a look at a millionaire-making REIT.

In Today’s News

Gap Inc. Closing 350 Stores in Transition From Malls to E-Commerce

More bad news for the beleaguered brick-and-mortar crowd as Gap (NYSE: GPS) announces plans to close 350 Gap and Banana Republic stores, including about 225 in the next year.

Why it matters: Wall Street loved the news, driving up the company’s stock, but retail REITs, and those who own them, may not feel the same about the coming gap in those portfolios if these stores are currently their tenants.

Turning Guests Into Tenants, Hotels Into Apartments

The hotel business is in a world of hurt. Could some of these depressed properties get new life as apartments? It’s happening already.

Why it matters: This GlobeSt.com piece focuses on the Los Angeles market,

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Your Daily Digest for Real Estate Investing, 10/22/2020

Bracing for unrest by boarding up storefronts, WeWork says ‘We’re well,’ tech tenants still employ huge numbers, residential sales soar but some markets look more vulnerable than others.

In Today’s News

U.S. Retailers Secure Stores as Election Unrest Worries Mount

Reuters reports that as security experts warn that the U.S. presidential election could spark renewed civil unrest, some stores remain clad in plywood from recent troubles and insurers and risk experts report more are boarding up, or should.

Why it matters: Because, well, 2020. Not a happy read here but information that property investors might want to know.

WeWork Says Company’s Balance Sheet As Strong As Any Tenant’s

The co-working space giant has cut its selling, general, and administrative expenses, jettisoned “unnecessary systems,” and rightsized its labor force.

Why it matters: WeWork itself occupies a lot of rented office space around the country. Its recovery could bode well for those

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Your Daily Digest for Real Estate Investing, 10/21/2020

Rental concessions, some new nonpublic CRE REITs for small investors, Ventas goes big on San Francisco life sciences space, a new cannabis REIT for the picking, and think twice about family pics on the wall.

In Today’s News

Rental Beast Finds Concessions Abound Across the Country

As property owners, managers, and renters continue to grapple with the fallout from the coronavirus pandemic, the Rental Beast listing service is finding significant concessions in multiple major markets.

Why it matters: This data not only shares where landlords might have to make do with less but by how much.

Commercial Real Estate Investment Trusts (REITs) for Small Investors See Increasing Demand

The Wall Street Journal reports today that a new type of nonpublic CRE fund that targets small investors is raking money in again after demand cooled during the early months of the pandemic.

Why it matters: This could be a promising

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