In Case You Missed It: Week of August 22, 2016
The greatest real estate deals in American history; where Airbnb is having the biggest impact on rent growth; value-add projects remain an attractive alternative to development; banks slow multifamily lending while GSEs hit the gas.
Airbnb Probably Isn’t Driving Rents Up Much, At Least Not Yet
FiveThirtyEight – August 24, 2016
“Airbnb and other short-term rental platforms have been a boon to travelers in recent years, offering lodging that is cheaper, better located or more interesting than traditional hotels. But as such platforms have grown, housing advocates have become increasingly concerned that what’s good for visitors is bad for residents.”
Banks Slow Multifamily Lending Even as GSEs Step on the Gas
CoStar – August 24, 2016
“U.S. banks have continued to pull back on multifamily lending. The amount of such loans on their books has decreased for each of the last three weeks, according to the latest weekly bank asset numbers from the Federal Reserve, an indication that banks are originating fewer multifamily loans than the number of loans being paid off.”
This is the best time in history to invest in real estate
MarketWatch – August 22, 2016
“If you think we are in the middle of another housing bubble and that real-estate investing is only a sucker’s game, you may simply be letting the past color your perceptions despite continued signs of strength. And considering the investment potential — particularly in the rental market — you may want to take another look.”
Actually, you missed out on the greatest real estate deals in American history
MarketWatch – August 23, 2016
“Is this the best time in history to invest in real estate?… Even just within American history, there have been some pretty spectacular deals. Here are some of those…”
Pros and Cons of Real Estate Crowdfunding for Retirement
U.S. News & World Report – August 23, 2016
“Real estate crowdfunding, on the other hand, is an alternative that’s growing in popularity. Massolution estimates that the industry topped $2.5 billion and counting in 2015. If you’re wondering whether you should grab a slice of the pie to bolster your retirement goals, here’s a look at real estate crowdfunding’s finer points.”
Value-Add Projects Remain an Attractive Option for Multifamily Developers
National Real Estate Investor – August 23, 2016
“With so many new apartment projects opening, some developers are avoiding the competition by redeveloping old buildings.”