Election season hits homebuying/selling plans, affordable housing REIT preparing to launch, where boomers have bought, retail REITs rental recovery, maximizing home rental income with minimal expense.
In Today's News
Redfin (NASDAQ: RDFN) Survey: Election, Pandemic Have Impact on Home Sales
The residential real estate service says 22% of the respondents just surveyed said the presidential election is impacting their plans to buy or sell a home. That's actually down from 32% a year ago, when the election was looming but COVID-19 wasn't a threat.
Why it matters: This survey was of more than 1,400 people who said they had plans to buy or sell in the next 12 months. Like surveying likely voters instead of registered voters, this is a pretty good barometer of market impacts. And like real estate and news, all politics are local.
Black-Owned Firms to Launch First Affordable Housing REIT
The Real Deal says two of the largest minority-owned real estate investment firms in the country have targeted $1.6 billion toward a new portfolio that will be the first real estate investment trust (REIT) of its kind
Why it matters: Aspire Real Estate Investors has filed paperwork with the SEC to get the REIT going. If you want to invest in DEI (diversity, equity, and inclusion) with real dollars and real estate, stand by.
Baby Boomers Dominate Housing Markets in Coastal States
Researchers at Construction Coverage analyzed homeownership demographic and home price data from the U.S. Census Bureau and the "Zillow (NASDAQ: Z) (NASDAQ: ZG) Home Value Index" to rank cities by the share of owner-occupied housing units owned by baby boomers.
Why it matters: Eleven of the top 15 markets by that measure are in California and Florida, and only one -- Elgin, Illinois -- is in a non-coastal state. The report says a lot of boomers have no intention of selling soon, but when they do, there could be a lot of investment inventory out there.
Today on Millionacres
Retail REIT Rental Collections on the Rise
After falling to about 50% in April and May, rental collection rates for shopping center REITs reached 80% in September, Nareit surveys show.
Why it matters: Millionacres' Matthew DiLallo shares how that improved inflow is helping REITs improve their outflow, sending more cash to investors and making the sector feel less, well, apocalyptic.
6 Ways to Maximize Your Rental Property Income
Millionacres' Matt Frankel, an active investor in stocks and houses alike, shares some insight here into how to get the most out of the latter.
Why it matters: Matt goes beyond the expensive stuff -- like renovations or additions -- to list some creative measures that might boost the balance sheet without breaking the bank.