Posts from June 2017
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30
NAI Ruhl Commercial - MultiFamily and Investments Report
Information contributed by David Levin of NAI Ruhl Commercial Company.
Multi-Family Overview
Multi-family is coming off another record high year, both in terms of growth and sales volume. Per unit sale prices, once again, rocketed up in the fourth quarter after holding fairly steady most of the year.
Multi-family continues to outperform other property segments and has the lowest vacancy rate of all the major property types at 5.2%. It still accounts for the second-largest share of institutional investors' real estate holdings, behind only the office sector.
Although the n...
26
Tips for Preparing for Homeownership
Realtor.com recently shared '5 Habits to Start Now if you Hope to Buy a Home in 2017.' Below are the top three from their list with a brief description.
#1 - Automate Your Down Payment Savings
One way to jump start your down payment savings is to automate your checking account to automatically save a small amount of your paycheck into a separate savings account or 'house fund'. "Amassing enough for a down payment takes discipline & perseverance, but setting up automatic savings can make it easier. If you never see the cash, you won't spend it."
24
NAI Ruhl Commercial - Industrial Report
Information contributed by Charlie Armstrong, SIOR, Richard Schaefer and Alex Kelly of NAI Ruhl Commercial Company
Overview
The Greater Quad Cities region is home to many Fortune 500 industrial companies including John Deere Corporate headquarters and manufacturing plants, HNI / HON Company, Arconic, Tyson Fresh Meats, Kraft Heinz, ADM, Exelon, 3M, Nestle Purina, LyondellBasell and Illinois Tool Works along with the Rock Island Arsenal, a major U.S. military installation.
The Quad Citi...
21
5 Reasons Homeownership is a Good Financial Investment
According to a report by Trulia, "buying is cheaper than renting in 100 of the largest metro areas by an average of 33.1%." That may have some thinking about buying a home instead of signing another lease extension, but does that make sense from a financial perspective?
In the report, Ralph McLaughlin, Trulia's Chief Economist explains:
"Owning a home is one of the most common ways households build long-term wealth, as it acts like a forced savings account. Instead of paying your landlord, you can pay yourself in the long run through paying down a mortgage on a house."
The report listed 5 reasons why owning a home makes financial sense:
1. Mortgage payments can be fixed while rents go up.
2. Equity in your home can be a financial resour...
13
Lack of Listings Slowing Down the Market
The real estate market is moving more and more into a complete recovery. Home values are up. Home sales are up.
Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.
However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout the summer, supply is not keepi...
