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My Advice to Millennials: 4 Steps to Becoming a Real Estate Millionaire

Real Estate

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By Ethan Roberts I’ve been reading on the Internet lately that most Millennials (people who are between 20 and 34 years old today) say they would like to buy a home “someday.” I talk with Millennials all the time, and some of them earn much larger salaries than I ever did. But most have no money saved, lots of debt, and can’t seem to make ends meet, even if they’re living with their parents or with roommates in an apartment. […]

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Mixed Signals in Foreclosure Numbers are No Cause for Alarm

Real Estate

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By Rick Sharga, Executive Vice President So, what should we make of the recent reports that show a month-over-month increase in foreclosure starts and REO actions, but also show year-over-year declines in both of those categories on a national basis? That scenario is probably going to become “the new normal,” as the judicial foreclosure states finally begin to process delinquent loans that should have been in foreclosure two or three years ago, but were delayed by regulatory and legislative measures. […]

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Office Conversions: Coming Soon to a Country Near You?

Real Estate

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By Matthew Schreck, Quantitative Research Analyst When gleaming new office buildings come on the market, what happens to old office space? In the United Kingdom, where the vacancy rate has reached 10%, some U.K. developers are converting dated, empty office buildings into hotels and housing, according to a recent article in The Economist. Further encouraging conversions of these vintage spaces is the fact that there’s a shortage of housing—which has led to a run-up in prices—in many major U.K. cities. […]

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The City That Never Sleeps…Because It Can’t Find a Place to Rest

Real Estate

Matthew Schreck 2

By Matthew Schreck, Quantitative Research Analyst New York City could be facing a major residential construction problem, according to a recent article in the Wall Street Journal. The city has an unquenchable thirst for housing, especially that of the affordable variety, and demand is as robust as ever, thanks to an employment base that’s expanding amid favorable economic conditions and the trend of people moving from the suburbs back to the city. The question is: Where is the supply going […]

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How to Maximize Your Returns on Rental Properties

Real Estate

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By Ethan Roberts Investing in long-term rental properties can be quite lucrative, if and when it’s done correctly. However, just as with all investments, there are some risks, and not everyone who invests in rental properties has good experiences. I’ve been a successful landlord of single-family rental homes for 18 years, and during that time I’ve seen more than a few landlords quit because they were either losing money or just barely breaking even. That’s a shame, because the landlording […]

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Apartment Living: Addition through Subtraction

Real Estate

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By Bill Travers, Vice President, Auction.com Research We’ve explored the shrinking retail space and shrinking office space trends in previous blog posts. That trend seems to be spreading into the multifamily space as well, as highlighted by a recent Bloomberg article about the move toward smaller apartments. In real estate, location remains paramount, which might explain why the current crop of rental apartment dwellers, primarily Millennials and empty nesters, are willing to pay higher rents and sacrifice overall apartment size […]

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The End of Distressed Home Sales Means a New Stage for the Housing Recovery

Real Estate

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By Matthew Schreck, Research Analyst The current state of the U.S. housing market recovery is that of moderating home price growth, halting and slow demand growth for both new and existing-homes, and increasing housing inventory. Looking at the big picture, we still expect demand and prices to continue recovering in a rocky fashion, but the shift away from the previous stage of rapid price growth amid very limited inventory is a critical reflection of just who’s driving the housing market. […]

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Revised 2Q HH Formations

Household Formations Revisions Paint a Different Picture

Real Estate

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By Julie Zisfein, Senior Associate, Auction.com Research Shortly after releasing its second-quarter data on U.S. households, the Census Bureau revised its figures. When we saw the new numbers, we breathed a sigh of relief. We’ve been doubting the veracity of the household formations figures for the better part of the past year because they conflicted with many other economic and housing indicators that had been reporting improvement in the long-struggling housing sector. The newly revised data shows a much more […]

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August Housing Round-Up

Real Estate

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By Matthew Schreck, Research Analyst Single-family housing market data released in August was, as Auction.com EVP Rick Sharga put it, “the best of times and the worst of times for the US housing market.” The Federal Housing Finance Agency (FHFA) and S&P/Case-Shiller released their seasonally adjusted estimates of June home prices, while the National Association of Realtors (NAR), the US Census Bureau, and the Department of Housing and Urban Development (HUD) released estimates of July new and existing-home sales. Existing-home […]

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Tips for Flips, Part II: 6 More Ways to Boost Your Profits

Real Estate

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By Ethan Roberts This is the second of a two-part series. You can read the first part here. In my last post, I offered some tips on how to maximize your profits when buying a house to flip, and suggested some techniques for estimating your costs accurately. Now let’s look at some ways you can keep your costs low after you’ve found a property to flip and during the rehab process. 1. Buy most of your materials before you close. […]

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