Welcome back to Ten Days of Buzz, where we scour the news for the influential voices of rental real estate. Enjoy!
“We are more of a renter nation than we have been for a while.”
Christopher Mayer, professor of real estate at Columbia Business School. Slow home market boon for landlords, MySA, 2/26/12
“[The initiative is] designed to reduce taxpayer losses, stabilize neighborhoods and home values, shift to more private management of properties, and reduce the supply of foreclosed properties in the marketplace.”
Edward DeMarco, the FHFA’s acting director. Fannie Mae Begins Marketing Foreclosed Homes as Rentals, the Wall Street Journal, 2/27/12
“There are some sites in Seattle that are long-term great real estate, and that is absolutely the case with Ninth and Pine.”
Holland Residential Vice President Tom Parsons. Work on 40-story downtown apartment tower set for spring, Seattle Times, 2/28/12
“We are in the midst of a calculated, strategic expansion evolving our agent offering from a one-sized fits all advertising program to become more of a central hub for a variety of marketing and business services.”
Zillow CEO Spencer Rascoff. Market Leader and Zillow are on a collision course in real estate, Geekwire, 2/29/12
“Media coverage tends to treat the market for owner-occupied housing as ‘the’ housing market. But the rental market is still a big piece of the overall economy, and unlike the owner-occupied housing market, it’s primed for a boom.”
Matthew Yglesias, author of The Rent is Too Damn High. Why the Rent is Too Damn High, Slate.com, 3/1/12
“As more and more drivers are choosing electric alternatives for their driving needs, it’s important for us to support the requirements of these individuals at our properties.”
Tom Gilkeson, vice president of retail operations for Forest City Enterprises. Car Charging to install EV charging stations at Forest City’s locations in US, Automotive Business Review, 3/5/12
“U.S. Labor Department data show that rents rose 2.5 percent last year. For 2012, Green Street predicts growth in monthly rents of 3 to 7 percent, depending on the local market.”
Steve Yoder, contributor to The Fiscal Times. The New Growth Business: Becoming a Landlord, 3/6/12
That’s all for this week! See you in another ten days. In the meantime, have you read an article we should be quoting? Tweet us (#tendaysofbuzz) and maybe you’ll see it next time.