Housing-News-Report-November-2017

Contents

FEATURED ARTICLE

The rapidly maturing single family rental market is moving toward the middle – in myriad ways. While the biggest segment of the SFR market, both in terms of number of properties and number of investors, is still by far the mom-and-pop investor who owns one or two single family rentals, that segment is shrinking. Meanwhile the SFR market share of investors owning between 6 and 10 rental homes increased 65 percent from February to November 2017. P1 THE RISING ‘BIG MIDDLE’ OF SINGLE FAMILY RENTALS

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P14 MY TAKE: OVERCOMING THE SUPERFUND STIGMA

A home’s location can be its best advantage. It can also pose a big problem. Homes located near manmade environmental hazardous waste sites can have their property values decrease. In this article, one state health department asks how it can understand this complex issue better. How does stigma affect property and health and what can be done for homeowners located near a Superfund site?

Out of the 342,034 U.S. residential properties in the foreclosure process, 14,312 of them are vacant “zombies”, accounting for 4.18 percent. While the number of vacant foreclosures has plummeted over the last few years, there are still 40 zip codes where at least one in every five homes is a zombie. Are you living amongst these “Zombie” homes? P19 BIG DATA SANDBOX: AMERICA’S ZOMBIE ZIPS

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P20 NEVADA HOUSING SPOTLIGHT

The epicenter of a rebounding Nevada real estate market has shifted Northwest. Median home prices in Reno have skyrocketed 160 percent since bottoming out in January 2012 and are now just 4 percent below their prerecession peak in July 2005 while median home prices in Las Vegas have posted an impressive 135 percent increase since January 2012, but are still 20 percent below their pre-recession peak in June 2006. An ideal rental property is the opposite of a money pit; it produces income for its owner. To help prospective landlords identify places where they can still find cash- flowing rental properties, we broke out the big data. We looked at 8,841 U.S. zip codes to create this interactive heat map showing where the best rental property cash flowing opportunities are available across the country. P26 DATA IN ACTION: WHERE TO FIND CASH-FLOWING RENTALS

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