Just How High Is Rent Getting?!

Today’s News Synopsis:

Well, even middle-Americans can’t afford it.  Home prices increased by 4% year-over-year in December according to CoreLogic.  More Americans are staying in their homes longer.

In The News:

CoreLogic “CoreLogic Reports December Home Prices Increased by 4% Year Over Year” (2-4-2020)

“CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI) and HPI Forecast for December 2019, which shows home prices rose both year over year and month over month. Home prices increased nationally by 4% from December 2018. On a month-over-month basis, prices increased by 0.3% in December 2019.”

Zillow “Renters of Color More Likely to Pay Application Fees” (2-4-2020)

“While many renters aspire to be homeowners and are saving toward that end, others choose renting as a lifestyle choice, saying it better suits them or makes them more able to chase career opportunities.”

Curbed “The subversive power of uncomfortable furniture” (2-4-2020)

“‘We all seem to seek comfort, but how much comfort is good?’ asks the curator of a new exhibition.”

MarketWatch “The rent is too high – even for middle-income Americans” (2-4-2020)

“One in four renters now spend more than half their incomes on housing, a new study shows.”

Inman “Americans are staying in their homes longer” (2-4-2020)

“Homeowners, especially those in Connecticut, are staying in their homes longer and reaping the benefits of a more robust home price appreciation.”

Ice Pop “People Are Leaving These Major U.S. Cities In Droves, And We Can Relate To The Reasons Why” (2-4-2020)

“For years, big cities like New York, Los Angeles and San Francisco have been associated with the American dream. However, residents have also been regularly leaving these big metro cities in swarms for a life of lower prices, less crime and more job opportunities.”

Wall Street Journal “This Southern Town Was Growing So Fast, It Passed a Ban on Growth” (2-4-2020)

“This lakefront suburb of Charlotte, N.C., is among the Sunbelt’s strongest magnets for young families.”

Realtor.com “1 Bathroom, 2 Toilets: Will This Odd Upgrade Catch On?” (2-4-2020)

“Double vanities are common in today’s bathrooms, but apparently having your own sink to spit in isn’t enough. Enter the latest trend in bathroom design: having not just one, but two toilets in the same loo.”

 

California Real Estate Investor Events

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with LA South REIA on Monday, February 10.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with OC FIBI on Tuesday, March 3.

Bruce Norris will be presenting his newest talk 6 Things To Succeed In 2020 with NorcalREIA on Wednesday, March 11.

 

Looking Back:

2019’s newest design trend.  According to Redfin’s latest data, the most affordable areas for millennials wanting to buy a home were St. Louis, Pittsburgh and Columbus.  Where were the top 20 metropolitan areas where people actually preferred to buy with cash?

 

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