November 2015 RSS Feed

Found 4 blog entries for November 2015.

by Lucas Hall 
In my opinion, the best time to look for new tenants is 4-6 weeks prior to the expected vacancy. Not only will you likely avoid having an empty unit, but I also believe that the renters who are searching for housing 4-6 weeks prior to their desired move date, make the best tenants.

I’ve noticed a correlation between finding tenants, and the “Goldilocks principle“. There are certainly extremes between renters, but the best ones are somewhere in the middle. Those renters who are too extreme in their housing search are usually the worst tenants. 

For example, renters who are attending showings three months prior to their move date won’t be willing to sign a lease so early, and like Goldilocks’…
1,582 Views, 0 Comments

2015 Home Buying Trend: Purchasing Larger Homes

Posted in Economist Commentaries, by Amanda Riggs on November 16, 2015 Share on facebookShare on twitterShare on linkedinShare on google_plusone_shareShare on emailMore Sharing Services22  

Home buyer demographics change slightly from year to year due to macroeconomic forces from the health of the economy to inflation to the global trade on oil prices. The National Association of REALTORS® recently released its 2015 Profile of Home Buyers and Sellersreport and there are some interesting new trends emerging this year.

One of the most fascinating is that in almost every region of the United States, we saw buyers trading up and buying bigger homes than last year. According to the new report,…

1,355 Views, 0 Comments

Many renters would be better off buying a home than continuing to pay steep rental costs, finds a new study.

The monthly payment on a median priced home is more affordable than the monthly fair market rent on a three-bedroom property in 76% of the U.S. counties, according to RealtyTrac’s Residential Rental Property Analysis, which encompassed 461 counties nationwide with populations of at least 100,000.

Overall Researchers found that fair market rents represented 28% of the estimated median household income, while monthly house payments on a median-priced home – which included a 10% down payment and property taxes, home insurance, and mortgage insurance – represented 24% of the estimated median income.

"From a pure…
1,463 Views, 0 Comments