Hot Real Estate Investment News This Week 2012-11-17

All the Real Estate News That’s Fit to RE-Print™

Welcome to our weekly edition of Hot Real Estate Investment News.
Good news and optimism continue for the real estate market.
The big news this week is in the single family rental market. Strong demand for rental houses continues, while the supply is declining.
Mortgage delinquency and foreclosure rates continue to decrease. And commercial property prices are rising.
Here are the real estate investing related news items that caught our attention this past week. We hope they help you stay up-to-date with your real estate investment strategies and inspire some profitable real estate deals for you.

CoreLogic Releases November “MarketPulse” Report

—Strong Demand Continuing in the Single-Family Rental Market—

CoreLogic released its November “MarketPulse” report on Tuesday.

rental house

If you're still waiting to get some rental houses, now may be the time to jump on board.


Key findings in the November “MarketPulse” report include:

  • While the housing market is now a significant contributing factor to economic growth, it will take much more time before the housing market sees a full recovery. Factors driving this recovery are fueled by an investor-based demand for rental properties, combined with rising home prices.
  • The single-family rental market remained very active this past summer, with increases in demand, tightening inventory and rising rents.
  • Nationally, rental leasing volumes were up sequentially every month during the last two years and an average of 42,000 rentals was added to the stock of rental homes each month. This is more than twice the average flow that the U.S. was experiencing before the housing recession.

For a full copy of the November CoreLogic “MarketPulse” report, including a complete set of data and charts, visit http://www.corelogic.com/downloadable-docs/MarketPulse_2012-November.pdf
See also:

Single-Family Rental Demand Is Outstripping Supply
Demand for single-family rental housing is outstripping the available supply of homes and some housing markets that have been hit hardest by the foreclosure crisis have seen rental demand jump by more than 25% in the past year….
Demand Rises, Inventory Falls in Single-Family Rental Market
Demand in the single-family rental market continues to expand even as inventory tightens, according to the latest “MarketPulse” report from CoreLogic.

Commercial Property Prices on the Rise, with Boston Leading Metros

From Esther Cho at DSnews.com:
“National commercial real estate prices showed monthly and yearly increases in September, with Boston leading price gains among the largest metros, according to a report from Moody’s Investors Service.”

Mortgage Delinquency and Foreclosure Rates Decreased

The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally adjusted rate of 7.40 percent of all loans outstanding as of the end of the third quarter of 2012, a decrease of 18 basis points from the second quarter of 2012, and a decrease of 59 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure.

  • The percentage of loans on which foreclosure actions were started during the third quarter was 0.90 percent, down six basis points from last quarter and down 18 basis points from one year ago.
  • The percentage of loans in the foreclosure process at the end of the third quarter was 4.07 percent, down 20 basis points from the second quarter and 36 basis points lower than one year ago.
  • The serious delinquency rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 7.03 percent, a decrease of 28 basis points from last quarter, and a decrease of 86 basis points from the third quarter of last year.

See also:

National Delinquency Rate Improves in Q3 but Remains High
The national mortgage delinquency rate fell further in Q3 2012 to 5.41 percent, TransUnion reported Tuesday.
The rate is a decrease from 5.49 percent in Q2 2012 and a near 8 percent drop from 5.88 percent in Q3 2011, according to the credit bureau. The delinquency rate includes borrowers who are past due by 60 or more days.