Archives for January 2021

New York Real Estate Market: Prices | Trends | Forecast 2021

January 16, 2021 by Marco Santarelli

We'll be discussing the current state of the NYC real estate market as well as the statewide data. New York City is among the most expensive and competitive housing markets in the nation. It has also been among the most hard-hit by the COVID-19 pandemic with the worst job losses among the major metro areas in the nation.

However, buyers have made a swift comeback since the reopening of the economy this summer, which led to a busy fall home-shopping season. New York is recovering from the economic impacts of the 10-month-long pandemic. While the rents of apartments have been falling due to high vacancies, the strong buyer demand has changed the dynamics of the residential sales market that had been cooling for nearly three years.

[Read more…]

Cap Rate Calculation: How To Use Cap Rate In Real Estate?

January 14, 2021 by Marco Santarelli

Capitalization Rate or Cap Rate is a term often thrown around in real estate discussions. Yet many people don't really understand what it means. After all, it can be confused with cash-on-cash returns and the rate of return. When you invest in income-producing property, you are looking for cash flow. You also expect to realize a capital gain, selling the property at some time in the future for a profit. When analyzing investment opportunities, real estate investors evaluate a multitude of different factors.

But a typical investor will be interested in the income that the property can generate now and into the future. That investor is likely to use capitalization of income as one method of estimating value. It is one of the most fundamental concepts in real estate investing and is mostly referred to in calculations as “Cap Rate.” Here's what you need to know about the cap rate, from its definition to methods of calculation.

[Read more…]

Best Real Estate Websites For Buyers And Sellers In 2021

January 13, 2021 by Marco Santarelli

We’re not going to tell you where to go to find a real estate investment loan or good building contractor; you can find recommendations in those areas almost anywhere. Instead, we’re going to focus on the best real estate websites that make it easier to perform due diligence when researching properties and simplify the process of finding, vetting, and managing tenants. A website is a key tool you can use to find real estate for sale. They are also an ideal place to share listings if you are a seller or an agent because it makes it easy for potential buyers to search for homes.

[Read more…]

US Housing Market Forecast 2021: Will It Crash or Boom?

January 11, 2021 by Marco Santarelli

Here are the latest housing market predictions and forecasts for 2021 & 2022. The global pandemic shattered the world order and the US economy suffered its biggest blow since the Great Depression in the second quarter. The housing market too briefly hit pause in spring due to uncertainty and widespread stay-home orders but 2020 was a record-breaking year in the residential real estate market.

Despite the pandemic-induced recession, house prices in all the major markets continue to rise. According to economists and market watchers, the residential real estate sector has been highly supportive of the economic recovery of the country so far. It has emerged as a pillar of support for the economy.

Although millions were laid off or furloughed it didn’t prevent house hunters from buying homes across the nation. As a result, the housing market saw the highest pace of sales growth since the height of the unprecedented housing boom in 2005. That expansion was driven by negligent lending in the subprime mortgage market and the current housing boom is driven by the intense demand and record-low mortgage rates.

[Read more…]

10 Best Real Estate Books On Investing You Must Read In 2021

January 10, 2021 by Marco Santarelli

Real estate investments can yield some great returns if the proper steps are taken, but many new investors simply do not have the skills or education to make it happen. I wanted to write about the importance of real estate education through books. This article presents the 10 best books on real estate investing that will get you started in 2021. If you read all these books, you will imbibe a lot of information and learn from the case studies of top investors who've achieved great success in real estate investing.

Are you a real estate investor? Are you planning to invest? Real estate investing is an ever-evolving industry. Real estate is said to be one of the best investments that an individual can make. But why do so many people fail at it? The first thing you need is to set your mind and habits up for success. You also need adequate real estate education to help you out along the way.

[Read more…]