There are so many real estate articles out there — and so little time! For busy investors looking to take a quick reading break, look no further than our list of recommended reading for the week. From advice and investment tips to market reviews, we’re highlighting the stuff that’s really worth your time.
So sit back, and take a break. These were the 5 Must-Read Real Estate Articles of The Past Week:
By Virginia Harrison via CNN Mondy
It’s time to buy American homes. The U.S. has been named the hottest market for global residential property in a survey of 14 countries by real estate advisors Savills. The researchers analyzed economic and demographic trends to forecast how much prices in popular cities will rise over the next five years.And the essential ingredients for solid returns? A combination of population growth, rising wealth and limited housing supply. The U.S. housing market has enjoyed three years of growth as the economic recovery gathers pace. Prices are up about 30% from their 2009 trough.
By Michelle Jamrisko via Bloomberg
While Federal Reserve Chair Janet Yellen heaped praise on the U.S. labor market in her press conference on Thursday, the housing market got little love. Residential real estate “remains very depressed,” she told reporters after announcing at the end of a two-day meeting that policy makers had decided against raising the benchmark interest rate. “Demand for housing should be there and should materialize as the job market improves and income growth improves.” So what counts as a “very depressed” level of housing? Yellen cited housing starts that are “below levels that seem consistent with underlying demographics, especially in an economy that’s creating jobs.”
By John W. Schoen via CNBC
If interest rates rise, so will the cost of buying a house, pushing some would-be homebuyers to the sidelines. Many of those home shoppers are already getting priced out, as the full cost of homeownership chews up a bigger share of the median household’s monthly paycheck, according to an analysis of homeownership costs by real estate site Trulia. Most housing affordability measures look only at direct costs of ownership such as mortgage payments, taxes and insurance. But homeowners still have to pay monthly utility bills and get to work every day. When those costs are accounted for, the numbers look a lot different, according to Trulia’s data.
By Michael Episcope via Inman.com
In the past two decades, we have witnessed a technological revolution that has provided consumers with more choices and greater access than ever before. We have seen companies such as Amazon, eBay and Zappos launch into the mainstream as a result. Entire industries have been disrupted, and companies such as TD Ameritrade and E-Trade have revolutionized the way investors trade and invest in stocks, and caused high-priced, full-service brokerage firms to shut their doors overnight. Even recently, new companies such as Wealthfront are attacking inefficiencies in the wealth management sector by using technology to provide the same services at a fraction of the cost.
By Ronda Kaysen Via The New York Times
In the eight years that Anne Stewart lived in the East Village, she rarely ventured north of 23rd Street, let alone to the Bronx. But in late 2013, when a friend began apartment-hunting in an industrial section of the South Bronx, Ms. Stewart paid the area a visit. To her surprise, she found a sleepy enclave just steps from the Harlem River, with rents low enough that she and Katie Rubright could afford to move in together. Both Ms. Stewart and Ms. Rubright, 34, an artist who lived in Brooklyn and had been to the Bronx only once, were smitten. Last summer, the couple moved into a spacious two-bedroom in a new building on Bruckner Boulevard, paying around $2,500 a month.
Did you like these articles? What were your favorite articles this week?