Two in three buy-to-let landlords have no plans to sell any of their properties in the upcoming year, new research (Landbay, 2023) has revealed. While the new Renters Reform Bill had led some to predict a selling spree, it seems most are holding onto their investments – for now. Those with a single property (75%) and those with two or three (69%) are most likely to hold onto all their properties. In a turbulent market, rising interest rates are the main motivation for six in 10 landlords who intend to sell, a 15% jump on the previous survey. Nearly half claim that the rent they charge no longer covers their mortgage costs. *Content is for informational purposes only. #Landlords #RentersReformBill #HousingMarket
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The Great Flip: Renting Surpasses Buying as the Affordable Housing Choice In a surprising twist, recent data analysis by The Economist reveals that, for 89% of Americans, renting a two-bedroom dwelling is now more economical than buying a comparable property. The landscape has dramatically shifted since 2020, with a 40% surge in house prices and a significant spike in mortgage rates. The findings indicate that to restore the ownership advantage seen in the 2010s, either house prices would need to tumble by one-third, average mortgage rates drop to 3.2%, or rental costs increase by at least 50%. With none of these scenarios on the horizon, it seems the era of renting as the more cost-effective option is here to stay. #HousingMarket #RentVsBuy #RealEstateTrends"
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Our CEO, Kip Sowden, has been featured in a Forbes article discussing the dynamic shifts in the real estate market. Kip's insights on mortgage demand and the surging interest in rental housing, especially single-family rentals, are at the forefront of industry discussions. We're proud to have a leader who's not only navigating these changes but also driving innovation within the real estate sector. 🏡 Check out the full Forbes article by Roger Valdez below to explore Kip's expert viewpoints on shaping the future of real estate. #ForbesFeature #RealEstateLeadership #RREAFHoldings #CommercialRealEstate #VerticallyIntegrated #CommercialRealEstateInvesting #CommercialRealEstateInvestor #HousingMarket #Rentals
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In today's housing market, renting may offer better financial sense than buying, according to a recent study by Bankrate. Their analysis of Zillow and Redfin data across the largest 50 U.S. metros revealed that the monthly cost of owning a home is 37% higher than renting. https://ow.ly/eGZs50Rytl7 With average rents at around $1,979 per month compared to median mortgage payments of over $2,700, renting appears to be the more affordable option nationwide. Read full article in the link above Join us in making mailbox money today. Start with this five-question survey: https://ow.ly/WnTY50Rytl9 #RealestateMarket #RealestateInvestment #CommercialRealestate #MultiFamilyRealEstate #AccredictedInvestors
3 critical things you must do before you hire a real estate agent (Copy) — Real Estate Investor MBA
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Thank you to The Wall Street Journal for highlighting our recent research comparing the cost of buying vs. renting today. Not every renter is a would-be homeowner. We know that. Millions of Americans rent by choice. I was one of those for years. But many do want to buy a home today, and the challenging for-sale market is keeping some of us renters renting for longer. The monthly cost premium to enter into a new mortgage is at an all time high (52% nationally, 200% in some markets). At a time of record new #multifamily supply, investors will take all the demand-side help they can get. So how sticky is this situation? Consider this: If rents grow by 7.5% cumulatively over the next few years, home values remain flat, and mortgage rates fall to 5%, the premium would STILL be 17%. #cbre #multifamily #capitalmarkets #research
There’s Never Been a Worse Time to Buy Instead of Rent
wsj.com
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Buyer Traffic Is Still Stronger than the Norm Are you putting off selling your house because you’re worried no one’s buying because of where mortgage rates are? If so, know this: the latest data shows plenty of buyers are still out there, and they’re purchasing homes today. Here’s the data to prove it. The ShowingTime Showing Index is a measure of buyers touring homes. When June 2023 numbers are stacked alongside what’s typical for the housing market at this time of year, it's clear buyers are still active. And, they’re actually a lot more active than the norm. If... #sellyourhouse #moveuphome #dreamhome #miami #realestate #realtor #immobilien #hauskauf
Buyer Traffic Is Still Stronger than the Norm
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In these rollercoaster financial times 🎢, the impact of high mortgage interest rates has me mulling 🤔. It's not just about 'how much?' anymore, it's about 'how to price?'🏡💰. Engaging buyers needs strategy - and a dash of boldness! Let's challenge the norm, focus on the value proposition, not just the price tag. A real estate puzzle that we're all a part of 🌐🔍. https://lnkd.in/gejekVbt Your thoughts? #RealEstate #MortgageRates #HousePricing #RealEstateTrends #PropertyValue #SellingStrategy #RealEstateMarket #Finance #PropertyInvestment #EconomicTrends Realtor.com
With Mortgage Interest Rates So High, How Should Sellers Price Their House?
https://www.realtor.com
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🏡 The average deposit paid by a first-time buyer was £43,693. Perhaps unsurprisingly, almost two-thirds (63%) were in the top 40% income bracket. 🏡 Just over two thirds (68%) of first-time buyers paid less than a 20% deposit, while a fortunate 5% were mortgage-free. 🏡 85% reported funding the purchase of their first home with savings, whilst 27% received help from family and friends and 8% used inheritance. 🏡 Despite high costs, first-time buyers accounted for 53% of all home moves in Q3, the highest proportion in over a year. With increasing stability and the likelihood of mortgage rates coming down, more first-time buyers may enter the market in the coming months. Source: #Dataloft, English Housing Survey 2021/22, Really Moving - #morethanlettings #hitchinproperty #home #ukhousingmarket #supportlocal #propertymanagementservices #housing #propertymanager #propertymarket #tenants #torent #dandjlettings #rentalmarket #rightmove #lettingsagent
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To rent or to buy? That is the question. "The cost of buying a home versus renting one is at its most extreme since at least 1996. The average monthly new mortgage payment is 52% higher than the average apartment rent, according to CBRE analysis" "The current hefty ownership premium reflects the surging cost of debt, as rates on a 30-year mortgage reach 8%, as well as high house prices since pandemic lockdowns raised the value of domestic space" "A person taking out a 30-year mortgage today on a $430,000 home with a 10% down payment would fork out around $3,200 in monthly repayments, 60% more than if they had bought the same house three years ago. Rents have risen by a less-blistering 22% over the same period, though this was still moderately ahead of wider U.S. inflation" #housing #rent #consumer #rates
There’s Never Been a Worse Time to Buy Instead of Rent
wsj.com
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“A new study has found the cost of renting vs. buying comparable housing in select Canadian markets is nearly on par. In fact, the difference between renting and buying was less than $500 per month in 11 different markets, according to the report from Zoocasa.” “Though no market is more affordable to buy in than rent, there are several markets where the rental and mortgage payments are similar, though these are all outside of Ontario and British Columbia,” the report notes.” Read the full article here: https://bit.ly/44Od9S8
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Our views on the current state of the UK's buy to let market shared in Mortgage Introducer 📰 Let us know your thoughts of the current market 💬 www.sjmortgages.co.uk Jack Tutton Scott Barron #mortgagebroker #buytolet
What are the current trends in the buy-to-let market?
mpamag.com
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