We hope everyone had an amazing thanksgiving. We also hope you’re all crushing the cyber Monday deals happening right now — we know we are. Believe it or not, there is still real-estate news to report on, and here’s what we’ve got: Home lots are becoming more expensive for developers to buy, how much money do you need to buy a multi-family, and new-home construction hit post-recession highs in October. This and more below the fold
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From Realtor.com’s Latest News
Permits for New-Home Construction Hit Post-Recession Record High in October
- This was the fastest rate of building-permit authorizations recorded since 2007. Housing starts also rose 3.8% as builders look to construct many more homes across the country.
Bad News, Home Buyers: It’s More Expensive for Developers to Buy Lots for New Houses
- It’s costing real-estate developers a pretty penny to purchase lots for single-family homes. And that could spell trouble for people who are struggling to afford to buy a home.
Mortgage Rates Are Increasing Again—So Why Did More People Apply for Home Loans?
- On average, the 30-year fixed-rate mortgage now comes with a rate of 3.75%. Last week, mortgage rates had fallen after three straight weeks of increases.
Portland Suburb’s Proposed Law Could Discourage Home Development
- A Portland suburb is poised to vote on a law that taxes anyone who demolishes a home, the latest salvo in the fight over how to create more affordable housing in the state.
From Spark Rental’s Latest Blog Posts
How Is Net Worth Calculated? Net Worth Definition & Why It Matters
- Sometimes you hear chatter on the Internet about people with an extremely high net worth (often to complain about them). But net worth isn’t something only the ultra-wealthy should be aware of. Every investor show know how net worth is calculated, what it means, and…
Minimum Down Payment for an Investment Property: How to Invest with Less
- Investing in real estate is a smart strategy for diversifying your portfolio, generating instant passive income, and building equity over time. There’s just one teensy little issue: the tens of thousands of dollars you typically need as a down payment for an…
Building Equity: 10 Ways to Create Real Estate Equity Faster
- Remember the story of The Little Red Hen? She wants to bake bread, and at every step asks her friends for their help, but they all find excuses to avoid helping. Eventually she gets it all done herself and when her friends want to help her eat the bread, she says no….
Home Improvements with the Best ROI: Which Renovations Add the Most Value?
- Every real estate investor tackles home renovations sooner or later. Materials wear out, home styles change. Home updates are simply inevitable in the lifespan of a property, if you buy and hold real estate for the long term. As an investor, you naturally want to get…
From Bigger Pockets’ Top Popular Posts
Unpopular Opinion: Dave Ramsey Is Overrated
- By Leather Nix
8 Ways to Use Rental Properties to Create Retirement Income
- By G. Brian Davis
Yes, I’m Afraid of a Real Estate Bubble—But I Continue to Invest Anyway. Here’s Why.
- By Scott Trench
From PM Insider’s Latest Posts
- The Power of Storytelling in Multifamily Marketing
- The Rabbit Hole of Rent Control
- Enhancing Education and Opportunity in the Cuatro Community
- The Business Case for Submeter Upkeep
From Reddits /r/RealEstate Subreddit
Anger from Seller. Why?
- current score on reddit: 414
Just received a threatening call from listing agent
- current score on reddit: 131
I purchased my first home in March using a VA loan. Now I am getting constant letters regarding both equity disbursement and accessing my equity reserve. Seems scammy and the letters do little to actually say what this means. Please help a clueless first time home owner!
- current score on reddit: 97