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- In more homes, the roof overhead is rented
In the aftermath of a historic housing bust, rented single-family homes are on the rise in communities from coast to coast.
At least a fifth of all occupied single-family homes were rentals last year in 32 of the nation’s top metropolitan regions, according to a USA TODAY analysis of U.S. Census Bureau data. That’s up from seven metros in 2006.
Source … https://www.usatoday.com/story/money/business/2013/10/20/single-family-homes-turned-rentals/2939243/
The Institute of New Economic Thinking (INET) has recorded another very interesting interview in its recent series. Marshall Auerback talked to Pier Carlo Padoan, chief economist of the OECD, about the steps that are needed to resolve the Eurozone Crisis.
Source … https://www.social-europe.eu/2013/10/solving-the-eurozone-crisis/
- Two Rensselaer grads go from fire safety to real estate investments – Albany Business Review
… they bought 172-176 River St., a building constructed in 1889 that is perhaps best-known as the former Nelick’s Furniture.
They paid about $270,000 for the vacant, four-story building. It’s being converted into 21, one-bedroom apartments. The ground floor has 4,100-square-feet of commercial space.
The units vary from 750 square feet to 900 square feet. Rents haven’t been set, but will likely range from $800 to $1,200 a month. They should be ready for occupancy by early 2014.
We generally like conversions like this. Do you like them too?
Source … https://www.bizjournals.com/albany/news/2013/10/18/two-rpi-grads-go-from-entrepreneurs-to.html
“Less than two percent of the new condos created in Greater Downtown Miami during the last boom-and-bust cycle are unsold as of the third quarter of 2013,” said Peter Zalewski, a principal with the Greater Downtown Miami-based real estate consultancy Condo Vultures® LLC. “At the 2013 average sales pace of more than 30 units per month, Greater Downtown Miami could be sold out of boom-era developer units in the fourth quarter of 2014. Going forward, the unknown is whether buyers will choose existing unsold developer condos from the last boom when more than 12,000 new units are currently proposed for the Greater Downtown Miami market.”
Source … https://condovultures.com/News/PeterZalewskisAnalysis/tabid/215/ArticleId/119912/425-New-Condos-Unsold-In-Greater-Downtown-Miami-Furom-Crash-Of-2007.aspx