💼 News Update
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Together With Doorvest
Doorvest specializes in helping people acquire the first rental properties of their portfolio. We are proud to partner with Doorvest because they make the real estate investing journey accessible and passive. Here’s how: 1) they advise on the market and property selection, 2) they work with mortgage partners that can provide flexible financing options, including conventional and real estate investment loans, and 3) they manage tenant placement and maintenance.
🏘️ Inflation's Roof-lief: Housing costs, the primary driver of US inflation, are expected to decline through year-end and return to pre-pandemic levels by 2025 — Bloomberg
🏢 REITastic! Multifamily REITs report strong Q2 performance, driven by robust apartment demand, solid occupancy rates, and strategic cost management despite economic uncertainties — RealPage
🏖️ Second Home, Second Thoughts: Second home ownership in the US declined from 7.15M in 2020 to 6.5M in 2022, with Florida leading at 1M second homes — NAHB
🏠 New American Dream: As home prices soar and mortgages remain high, more Americans are turning to renting single-family homes, leading to a surge in the build-to-rent sector and increased opportunities for investors— HW
🏡 And…: Experts predict continued home price growth, with forecasts of 4.7% in 2024 and 3.1% in 2025, while highlighting ongoing supply challenges — Fannie Mae
🏢 Condomonium: Florida and Texas see condo supply surge, and prices drop as high HOA fees, insurance costs (👇), and weather risks deter buyers — Fortune
🏢 Insurers' Wood-Be Woes: Multifamily and industrial real estate face insurance challenges as property insurers become selective, especially for wood-framed apartments, due to high risks and recent losses — Globe St
🏘️ Rent Control Rollercoaster: RealPage offers option to remove nonpublic competitor data from rent-setting software amid legal challenges and new city ordinances — Bisnow
🏗️ Building Blocks: Banks are tightening the purse strings on residential construction loans, potentially leading to decreased housing supply and sustained high prices — Globe St
🏢 Stable Situation: U.S. apartment occupancy remains steady at 94.1% for 10 months, with minimal rent growth and regional variations in performance— CRE Daily
🏙️ Taxing Times Ahead: Cities face budget crises as falling property values lead to reduced tax revenues, forcing difficult decisions on raising taxes and keeping home prices elevated — Bisnow
😊 Vibe Check Upgrade: Americans' economic outlook improves as inflation cools and the Fed prepares to lower interest rates, signaling the end of the "vibecession." — CNBC