Senate Bill 5096 proposed a 9% capital gains tax for the sale or exchange of long term capital assets, beginning January 1, 2022. Governor Inslee has signed the bill. The bill would apply to individuals as well as to owners Read more…
A Senate Bill in Washington State would prohibit landlords from terminating, or refusing to renew a rental lease that expires at the end of the lease term, until 2 years after expiration of any public health emergency. The only exceptions Read more…
Ingo Winzer, one of the best real estate market researchers, is predicting that the pandemic will probably last beyond 2021 and that the economy won’t recover for a couple of years. He believes that there will be a large number Read more…
A recent Harris Poll stated that greater than 65% of homeowners would consider moving to a different city if they could work from home indefinitely. People have been leaving high density areas (particularly New York City and San Francisco but Read more…
UPDATED APRIL 16, 2021. Governor Inslee has extended the prohibition on evictions until the end of June, 2021. That means that for more than a year, the state has put the burden on landlords to take care of tenants whose Read more…
With many employers allowing employees to work from home during the pandemic, people are leaving the high-density coastal cities for ex-burbs and smaller cities closer to nature, where there is room to spread out. Almost daily protests, sometimes turning into Read more…
In one of my previous posts, I discussed the advantages of purchasing cash-flow positive property. I also cautioned against buying in declining markets, such as in California. California is a big place with multiple different cities. It has a population Read more…
Most homeowners consider real estate to be a lifestyle choice that comes with maintenance and taxes. However, for real estate investors, real estate can be a money making machine that keeps on adding value with each passing year. This is Read more…
We are in unprecedented times due to the Coronavirus. People are leaving large, crowded, urban areas for lower density areas like in Wyoming, South Dakota, Idaho, etc. Companies are currently letting people work remotely due to the virus. Fear of Read more…
When deciding what property to purchase as an investor, it is useful to compare properties by calculating the cap rate for each property being compared. Cap rate is a term used in the real estate industry. It is short for Read more…
Zillow says home values in Spokane have increased by 11.4% over the past year. Apartment rents are up 4.3% from last year. Some investors mistakenly assume that past performance is an indication of what to expect in the future. While Read more…
The American Enterprise Institute has released a list of metro areas most at risk from FHA loan delinquencies, based on August 2020 data. They are: Atlanta Houston Chicago Washington DC Dallas Riverside Baltimore San Antonio Orlando Tampa In Atlanta-Sandy Springs-Alpharetta, Read more…
According to this article by CNBC, about 7% of all active mortgages are in some sort of forbearance program. The number of seriously delinquent mortgages, at least 90 days past due, more than doubled from May to June, according to Read more…
https://www.recenter.tamu.edu/news/newstalk-texas/?Item=24811&utm_source=RECON&utm_campaign=05fe67467d-EMAIL_CAMPAIGN_2020_08_27_04_24&utm_medium=email&utm_term=0_b815716265-05fe67467d-66993429 According to the above report by the Real Estate Center at Texas A&M University, national housing inventory declined 32.6 percent year over year, and the inventory of newly listed properties declined 13.4 percent Baby boomers are not moving. Perhaps potential Read more…
Marcus and Millichap published a new research brief titled “Changing Lifestyle Preferences Shift Housing Demand to Suburbs.” They say that the pandemic has altered housing choices. The report confirms the anecdotal evidence. Although some companies have confirmed permanent work from Read more…