31 May
2021

Why Investors are Buying into Single-Family Rental

first_img Single-family rents increased 3% year over year in August 2019, according to the latest CoreLogic Single-Family Rent Index (SFRI). Low-end rentals, with rents 75% or less of a region’s median rent, made up a large chunk of August’s growth, as rents on lower-priced rental homes increased 3.7% year over year and rents for higher-priced homes, defined as properties with rents more than 125% of the regional median rent, increased 2.7% year over year.In an interview with DS News, CoreLogic Principal Economist Molly Boesel discussed how the increase in single-family rentals has impacted the housing market as a whole, and why many potential homeowners are turning to rentals.“Some of the demand has come from households displaced by foreclosure and some has come from millennial households who are looking for a single-family home but are not ready to buy,” Boesel said. “Just as the market has a low supply of for-sale housing, some markets also have a low supply of for-rent housing, which has driven rents up.”According to a post on the NAHB’s Best in American Living blog, renting by choice–instead of owning outright–is becoming increasingly popular among millennials.The blog said that this was where newly constructed built for-rent single-family homes came into the picture. These homes, according to the blog, present millennials “with a terrific opportunity to live the American dream–without the additional responsibilities and stress of homeownership.”According to realtor.com, investors are using the popularity of single-family rental to their advantage. Real estate investors purchased 7.7% of all homes in the second quarter of 2019, up 0.6% year-over-year, the most speculation the market has seen 2013. St. Louis is considered the most appealing destination for both flippers and landlords, with 18.8% of sales as investment properties. “Twenty years ago, [real estate investors] were all locals,” says St. Louis broker and landlord Dennis Norman of MORE Realtors. Now, “we have a lot of investors from California, from Colorado, and even international investors.” Home / Daily Dose / Why Investors are Buying into Single-Family Rental Share Save in Daily Dose, Featured, News October 15, 2019 1,341 Views About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Why Investors are Buying into Single-Family Rental Tagged with: Investment Rent SFR Data Provider Black Knight to Acquire Top of Mind 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Previous: Mortgage Contracting Services and M&M Merger: Industry Outlook Next: Financial Stress and Foreclosure Activity  Print This Post Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Investment Rent SFR 2019-10-15 Seth Welborn Subscribelast_img read more

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22 Sep
2020

Napoli to splash N27b on Osimhen

first_imgRelatedPosts COVID-19: NCAA to revoke erring airlines licence over non-compliance FRSC to Schools: We’ll arrest, prosecute drivers who flout COVID-19 rules Sanwo-Olu: We’re committed to fulfilling promises to Lagosians Napoli have agreed an initial €60 million (N27 billion) fee with Lille for Victor Osimhen.The Nigeria striker, according to reports, is set to sign a five-year contract and join the Serie A side in the most expensive transfer deal of the summer so far. The 21-year-old scored 18 goals in all competitions for Lille before the French season ended prematurely owing to the COVID-19 pandemic and has been linked with several English clubs, including Manchester United and Liverpool.But Osimhen, who changed agent last week, looks set to move to Napoli after negotiations between the clubs were completed on Thursday.It is understood the fee could rise to €81 million after a number of performance-related add-ons – €1 million more than the African record transfer fee Arsenal paid Lille for the Ivory Coast international Nicolas Pépé last summer.There is also an option to extend Osimhen’s contract by a further year.Lille are expected to step up their efforts to sign Jonathan David having seen a €25 million bid for the Canada striker rejected by Gent this month. The French club have signed 35-year-old Turkey striker Burak Yilmaz in preparation for Osimhen’s departure and have been told they must pay a Belgian record fee of €30 million to secure David.Tags: COVID-19NapoliSerie AVicotr Osimhenlast_img read more

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