Real estate has long been the go-to investment for those looking to build long-term wealth for generations. Let us help you navigate this asset class by signing up for our comprehensive real estate investing guide.
March housing starts go out like a lion, NYC apartment conversion plans, minority-owned SMBs feeling the pain, don’t be clueless on Clubhouse, the CFPB not likely to replace credit bureaus.
In Today’s News
After a rough February, housing production rebounded in March to its fastest pace for single-family and multifamily construction combined since June 2006, according to the monthly report released Friday by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.
The Millionacres takeaway: The National Association of Home Builders said those numbers would have been even higher except for the rising costs of building materials. With low interest rates and high demand, the market for construction appears to be headed for a hot summer.
The Millionacres takeaway: Easier said than done, the writer explains, and it’s a process that could take years. But, as ol’ Blue Eyes said, if they can make it there, they can make it anywhere.
Many small-businesspeople are feeling better about their prospects as expedited vaccine distribution is taking effect across the U.S. But that doesn’t mean the money is rolling in yet. And for minorities who own small businesses, the rent situation continues to be very difficult.
The Millionacres takeaway: This is from Alignable’s April Rent Poll of 8,943 small businesses, which found 31% of all respondents couldn’t make their April rent, including 53% who identified themselves as minority-owned. While the vaccine rollout spurs hope, the struggle remains real.
Today on Millionacres
Clubhouse is a fresh social networking app that caters to those wanting to meet others with shared interests through a series of audio-only chat rooms. The app functions as any other sort of online webinar you've been on but is much less formal and far more interactive.
The Millionacres takeaway: Our Jeff Piltch provides a primer here on Clubhouse and explains why paying attention to this -- yet another social media app -- may be worth it: Deals are taking place there.
The Consumer Financial Protection Bureau is said to be considering a think tank’s proposal for a national registry for credit scores that could replace Equifax (NYSE: EFX), Experian (OTC: EXPGY), and TransUnion (NYSE: TRU). Is that likely to become a reality? And would it affect landlords who rely on credit scores as part of the way they vet potential tenants?
The Millionacres takeaway: No one is discussing eliminating credit scores altogether, for starters. Plus, there are alternatives to the big three that creditors can turn to for credit scoring, and lenders and landlords themselves also can use alternative ways to assess the creditworthiness of a potential borrower or tenant.
Got $1,000? The 10 Top Investments We’d Make Right Now
Our team of analysts agrees. These 10 real estate plays are the best ways to invest in real estate right now. By signing up to be a member of Real Estate Winners, you’ll get access to our 10 best ideas and new investment ideas every month.
Find out how you can get started with Real Estate Winners by clicking here.