Your Daily Digest for Real Estate Investing, 2/5/21

COVID-19 relief package moves closer, jobs report shows slow recovery, CEOs see little office space demand, real estate agents and the vaccine, and CoreLogic sells itself.

In Today’s News

Congress Passes Key Step to Pass COVID-19 Relief Without Filibuster

Both chambers of Congress have now passed a budget resolution, a key procedural step that sets up the ability for Democrats to pass President Joe Biden’s sweeping $1.9 trillion COVID-19 relief package without the threat of a filibuster from Republicans who oppose it.

Why it matters: That package contains multiple items of real estate investor interest, including $25 billion in rental assistance and a continuing eviction moratorium, for starters. The whole thing is dubbed the American Rescue Plan. We shall see.

U.S. Employers Added 49,000 Jobs in January

U.S. employers resumed hiring in January, but the weak pace of job gains suggested a long road remains for the recovery, The Wall Street Journal [subscription required] reports.

Why it matters: Well, at least it’s a jobs gain. In December, that metric was in the red for the first time since the pandemic began.

Work From Home Isn’t Going Away, CEOs Tell Fortune

A survey of more than 100 corporate chief executives found

Read More

Your Daily Digest for Real Estate Investing, 2/3/21

White homeownership up while Black ownership sags, some insight and action around a coastal urban exodus, investment advice on industrial REITs, and St. Joseph and home sellers.

In Today’s News

White Homeownership Rate Hits 9-Year High

HousingWire reports that despite an unrelenting COVID-19 virus and economic recession, U.S. homeownership rose in the fourth quarter of 2020 from the same period last year. And it’s reached a record high for white homeowners but has fallen for Black Americans.

Why it matters: These numbers come from the U.S. Census Bureau. Take from it what you will, but it does underscore the need to address issues — and opportunities — that have long existed in America’s housing markets.

Superstar Cities Are in Trouble

The Atlantic reports that the past year has offered a glimpse of the nowhere-everywhere future of work, and it isn’t optimistic for big cities.

Why it matters: A really thought-out piece here with lots of angles, including this: “Superstar pain could be America’s gain — not only because lower housing costs in expensive cities will make room for middle-class movers, but also because the coastal diaspora will fertilize growth in other places.”

Hedge Fund Manager Raises Bet

Read More

Your Daily Digest for Real Estate Investing, 1/28/21

GameStop and AMC and Wall Street, Boston Properties’ big bet on big cities, Broadmark not your typical mREIT, an Israeli pot REIT for the public, and skilled nursing market values hold steady.

Today on Millionacres

Here’s What Real Estate Investors Should Know About the GameStop and AMC Surge

Shares of struggling GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC) surged to unbelievable highs. In fact, GameStop shares gained 134{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} yesterday while AMC rose 301{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c}. What gives?

Why it matters: Millionacres’ Maurie Backman explains why this crowdfunded attack on short-selling hedge funds really doesn’t mean much long-term good news for these two struggling companies — or for the commercial real estate owners who are their landlords.

Boston Properties Bets on the Return to Big Cities

Boston Properties (NYSE: BXP) is the largest publicly traded developer and owner of Class A office properties in the U.S., with a portfolio concentrated in Boston, Los Angeles, New York, San Francisco, and Washington, D.C. The pandemic has hit this stock hard.

Why it matters: Millionacres’ Matthew DiLallo explains why this office REIT, or real estate investment trust, has confidence in its markets, which can also present opportunity for investors who pick up on what

Read More

Your Daily Digest for Real Estate Investing, 1/26/21

A growing crisis in delinquent rents, construction starts down in 2020, Texas leads list of multifamily bright spots, and get ready for the Sears swan song.

In Today’s News

Nearly 20{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} of Renters in America Are Behind on Their Payments

The typical delinquent renter now owes $5,600, being nearly four months behind on their monthly payment, according to a new analysis cited by CNBC. This also includes utilities and late fees.

Why it matters: The analysts cited here say that by March, about 6.3 million renters will be delinquent. It’s getting worse. Stimulus aid will help, but nothing will help more than the pandemic being defeated and Americans returning to work.

Rent Collection Is Down, and Apartment Owners Feel the Squeeze

Multifamily properties were initially a bright spot during COVID-19, but banks now see more apartment debt as high risk, The Wall Street Journal [subscription required] reports today.

Why it matters: This piece dives into how broadly affected the multifamily market has been affected by the pandemic, from struggling tenants through troubled collateralized bond issues. It’s not a pretty picture.

U.S. Commercial, Multifamily Construction Starts Down 20{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} in 2020

The value of commercial and multifamily construction starts in 2020 tumbled

Read More

Your Daily Digest for Real Estate Investing, 1/25/21

Sun Belt and Mountain West are where it’s at, homebuilder big boys dominate, AMC steps away from the brink, why and which REITs should rally, and how one is converting a mall to apartments.

In Today’s News

Forget City vs. Suburbs. It’s All About the Sun Belt and the Mountain West

In a new report, JLL (NYSE: JLL) predicts corporate urban-to-suburban moves will remain limited in 2021, and that leading occupiers will likely find they don’t need to choose a purely urban or suburban strategy as they analyze talent demand and space needs. The real winners over the next 36 months will be Sun Belt and Mountain West submarkets.

Why it matters: picks out highlights from the report, including San Francisco to Austin as the single most popular migration route, that can help guide real estate investors’ thinking about where to put their money.

Top 10 Builder Share Tops 30{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} for Second Consecutive Year

The top 10 builders captured 30.4{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} of new single-family home closings in 2019, according to the National Association of Home Builders (NAHB).

Why it matters: The big names’ share of the residential construction market has been climbing for 30 years, and many of these

Read More

Ladder for home: Folding step ladders for daily chores and other needs at home | Most Searched Products

Folding step ladders are a perfect solution for kinds of elevation at home as they are both safe and easy to handle. The folding mechanism allows easy storage and also offers steady support while being in use. Contemporary ladders are available in lightweight and strong materials, assuring users of safety and ease. These ladders are typically made from aluminium or fibreglass and usually have rods or legs that are serrated for slip resistance. With these dependable qualities, one can always consider investing in this multi-use tool for the home. If you are looking for option available in the market, consider our picks below:

This 5-step ladder for home is built from the highest quality aluminium and is incredibly light, compact and portable. It is easy to use and easy to move around. When not in use, the ladder can be neatly folded into a compact version of itself for easy storage. The ladder’s joints are crafted with sure-hinge technology that will ensure steady support. The ladder’s step features a serrated surface for added steadiness.

The anti-skid legs of the ladder will allow care-free usage.

This steel ladder has wide steps to allow your feet enough space during elevation. The ladder

Read More