Ten Days of Buzz: May 19th-28th, 2013

Ten Days of Buzz“We’ve learned that most real estate agents and investors are looking to buy long term, since income properties are a significant part of their retirement plan.”

Joe Buczkowski of LeaseRunner. LeaseRunner Releases Rental Sector Survey, Press Release 365, 5/19/13.

“Federal rental assistance programs must more directly target help to those who need it most. That is a key conclusion reached by the Bipartisan Policy Center’s Housing Commission in its [new] report.”

Henry Cisneros, writing for the Express News. Federal rental assistance must target the most needy, MySanAntonio.com, 5/20/13.

“We need to partner with the community. It’s a joint effort between all of us. You’re our eyes and ears for keeping the community safe. I think it will pay off dividends down the road.”

Pete Callewaert of the San Diego Sheriff’s Office. Apartments Certified As Crime-Free Multi Housing, Lemon Grove Patch, 5/21/13.

“As there are more properties to bid on due to new supply and fewer bidders in the market as the REITs become less active buyers, that will cause downward pressure on pricing.”

Mark Hickey of Champion. Will Building Boom End the Party for Apt. Investors? CoStar Group, 5/22/13.

“Things have changed people don’t want to wait an hour in traffic any more to get to their jobs, so if you work downtown, you want to live downtown… It’s been extremely exciting to see what is happening right now.”

Douglas Price of K&D Group. Downtown Cleveland Nears 100% Occupancy, WKYC.com, 5/23/13.

“I think this generation of transit will transform Seattle.”

Al Levine of the Seattle Housing Authority. Transit-oriented development gaining speed in Puget Sound area, Puget Sound Business Journal, 5/24/13.

“Americans are going through a transformational period; the unconventional is becoming conventional. The survey uncovered major revelations that suggest housing attitudes are part of the transformation.”

Analyst Peter D. Hart. The big housing question: To buy or to rent?, Times Dispatch, 5/25/13.

“A prospering rental market allows residents like Maria Wells of Florida to rent out her first home; she got married and moved in with her husband. But Wells can’t sell because she is underwater on mortgages, owing more than the current market value. These homeowners are ‘accidental landlords.'”

From the writers at ECreditDaily.com. ‘Underwater’ Mortgages Spur New Wave of Landlords, 5/27/13.

“Markets that people gave up on are now markets that people are going back to,” says Walter Page, director of research for Property and Portfolio Research, a division of the CoStar Group. “In most primary markets the average price per sq.ft. is twice what it is secondary markets.”

Walter Page of the CoStar Group. Secondary Markets Win Multifamily Investors, National Real Estate Investor, 5/28/13.



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