Mortgage delinquencies seen into 2022, the evictions tsunami that wasn't, liquor sales help lick CRE wounds, two REITs to watch, and some real estate investing myth-busting.
In Today's News
Mortgage Delinquencies Seen Above Pre-Pandemic Levels Into 2022
Black Knight Inc. (NYSE: BKI) bases its prediction on the three-month average rate of improvement since mortgage delinquencies peaked in late May.
Why it matters: Delinquencies lead to foreclosures, and a surge of those would roil the housing market, not to mention the societal consequences.
Where Did All the Evictions Go?
Evictions filings since the pandemic struck have plummeted in multiple markets and have stayed low even in cities without eviction bans and after moratoriums expired. What gives?
Why it matters: This GlobeSt.com piece provides insight on how high collection rates, backed-up court systems, and sympathetic property owners have come together to thwart a big chunk of the predicted pain.
Despite Bar Closings, Liquor Sales Still Creating a Buzz
According to this Bisnow report, liquor stores are now considered a top-tier anchor tenant post-coronavirus -- right behind grocery stores.
Why it matters: Americans have a history of drinking their way through a recession (Prohibition ended in 1933, after all). It'd be hard to find a more recession-proof industry than this, as commercial property owners who host liquor stores can attest.
Today on Millionacres
2 REITs I'm Going to Buy in the Next Stock Market Crash
Millionacres' Matt Frankel, a veteran real estate investment trust (REIT) investor, is not suggesting a market crash is on the way, but if there were one, here are two stocks he'd definitely buy for a bounce.
Why it matters: Matt lays out why he likes the resilience of these two prominent players in their verticals but adds these words to the wise: "The important thing is buying shares of great companies and holding onto them for as long as they remain great companies."
5 Real Estate Investing Myths Debunked
Millionacres' Aly Yale takes on some misconceptions that could unnecessarily keep new money, and investors, on the sidelines.
Why it matters: You don't need a ton of cash to get started in real estate investing, and you don't have to be Bob Vila. But it's also not just a walk in the park. Read Aly's article to find out more.