February 2016

Found 30 blog entries for February 2016.

Here’s how to avoid common mistakes of first-time landlords.

First-time homebuyers are a declining group. Historically, 40% of homebuyers have been first-time buyers, but that percentage continues to shrink, even as millennials continue to show more interest in becoming buyers (eventually). If you’re already a homeowner, your wheels might be spinning right about now — if people aren’t buying starter homes, then the rental market has to be booming, right? It is in many areas, particularly where unemployment is low, the population is high, and homes are not overpriced. But before you start searching for a home for sale in Austin, TX to rent, you should think about the responsibility that comes with being a landlord — and learning by trial and error is

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It’s important to understand the rules before you start counting your pennies.

Whether you completed several high-return renovations after moving into your new piece of Columbia, SC, real estate or you were lucky enough to move into an area right before it experienced an upswing in home values, walking away with a profit on your home sale is an exciting proposition. But there’s one thing that can suck the excitement right out of such a positive financial move: the threat of taxes on your investment gain — otherwise known as the dreaded capital gains tax.

Luckily, the Taxpayer Relief Act of 1997 helps many homeowners hold on to the gains earned on their home sale. Pre-1997, homeowners could only use a once-in-a-lifetime tax exemption of up to

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LAKELAND — Both the state and local housing markets carried their momentum from 2015 into the start of the new year with home sales on the Rise

The latest report from Florida Realtors revealed year-to-year increases in closed sales and median prices for single-family homes. Statewide, there were 16,259 closed sales for existing single-family homes in January, which is a 2.7 percent increase from last year. The $199,000 median sale price for those homes also represented a 13.7 percent increase from a year ago.

“Florida’s housing market remains on a steady path,” said Matey Veissi, president of Florida Realtors, in a press release. “While inventory levels are tight, the month's supply of homes for sale remains stable and distressed

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An effective way to predict the behavior of renters is through examining rental-related collection records, according to a new analysis from TransUnion.

According to TransUnion, involuntary turnover (which includes defaults as well as evictions for other reasons) costs property managers about $3,500 per unit in court costs, lost revenue, and other types of expenses.

“Rental evictions and collections records offer a unique, insightful look into a resident’s current record,” said Mike Doherty, SVP of TransUnion's rental screening solutions group. “Rental-related collection records may be timelier than eviction public records—which can take weeks or months to process through the system—and the combination of the two helps property managers make

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Banks have taken a great deal of criticism for the tight lending standards they have adopted in the wake of the financial crisis. A recent survey taken by the Federal Reserve found that some banks may be easing up when it comes to their residential mortgage lending, however.

According to the January 2016 Senior Loan Officer Opinion Survey on Bank Lending Practices released this week by the Fed, lending standards have moderately eased in some categories of real estate loans and that banks, on net, expect standards to continue easing in some categories for residential real estate lending in 2016.

According to the survey, a “moderate” net fraction of banks reported that they had eased standards on GSE-eligible loans in the fourth quarter of 2015; a

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Investors who are looking to increase their footprint in the single-family rental (SFR) market should consider looking in one of the top 10 U.S. markets with the highest cap rate, according to data released by HomeUnion on Tuesday.

The cap rate on an SFR property is calculated by dividing the net annual income on a property (gross annual income minus operating expenses) by the home’s market value.

The SFR market has gained significant popularity as an asset class in the last two years or so. The number of single-family renters boomed in 2015 due to a number of factors, among them a persistent lack of available housing inventory for sale and home price appreciation combined with a lack of wage growth. The homeownership rate fell to a five-decade

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The pace of existing-home sales slowed to nearly a crawl in January but still reached their highest level in six months, according to the National Association of Realtors (NAR) January 2016 Existing-Home Sales report released Tuesday. The combination of persistent tight inventory and rapid price appreciation in the housing market may mean a tough homebuying season in the spring, however.

Existing-home sales climbed at a rate of just 0.4 percent over-the-month in January up to a seasonally-adjusted rate of 5.47 million, the highest pace since July 2015 (5.48 million). Year-over-year in January, existing-home sales are 11 percent higher, the largest over-the-year gain since July 2013 (16.3 percent), according to NAR.

Short supply remained an issue,

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The increased popularity of the single-family rental (SFR) market in the last two years has led to an increased number of SFR homes built for the expressed purpose of renting. The market for detached SFR homes built-for-rent is on the rise despite a falling market share in the last three years, according to Robert Dietz, Vice President for Tax and Market Analysis for NAHB.

For the fourth quarter of 2015, built-for-rent SFR homes accounted for about 3.5 percent of all SFR starts, according to data from the Census Bureau (Quarterly Starts and Completions by Purpose and Design) and analysis from the National Association of Home Builders. While that market share is higher than the historical average of 2.8 percent, it is more than 2 percentage points lower

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Residential homes in the United States have experienced strong equity gains in the last three years, and a recent survey indicates that they expect the equity gains to continue in 2016.

In a new survey conducted by loanDepot released Monday, 60 percent of respondents said their homes have gained equity in since 2013 as the housing market in the United States has stabilized. Despite these gains over the last three years, almost half (46 percent) of respondents said they expect their homes to continue gaining equity this year.

Timing makes all the difference to homeowners when estimating equity; whether or not a homeowner bought during the boom (2000 to 2006) or during or after the bust (2007 to 2009) seemed to be the main contributing factor in

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