19 Burst results for "Every Single Back Family"
Self Storage Investing with Jacob Vanderslice
"I've always. I've always really liked self storage and see how fast i mean. It seemed pretty fast to me when you said you really started getting into it about two thousand fifteen. Is that right now. You've grown over the last five and a half years to wear at. That's that's impressive. Yeah the quit so going back to that kind of understanding this. You said you started to go to the mid west. How many states are y'all in currently about ten states. We got a bunch of deals in the florida. Panhandle carolina colorado of course ohio michigan illinois wisconsin. So we generally like the mid west in the southeast quite a bit. We of course like the mountain west. But it's tough to find yield right now in our own backyard. Denver's been rather oversupplied and pressing expectations in dividend yields are just not what we can find in some of these more secondary markets. How're you finding these. Are these Something that broker brings you chop off market or combination. We've i've done a little bit of both. We did a. We applied some of our single family marketing practices to self storage acquisitions and we played about ten million off of a direct mail campaign. It was a pretty basic letter to saying. Hey we're not brokers were buyers we love to give an offer on your facility and the rest of our acquisitions have been just through our broker network. I hate using the term off market because often an off market deal maybe not a good deal but we've gotten a few we believe really good off. Market deals just through broker relationships for the listed We did a twenty million dollar. Acquisition in michigan and that portfolio was not listed. We got through a broker contact in gave him a price that made sense for the sellers and enclosed so most of us broker networking but a little bit of direct to seller initiative. As well
Rent for Single-Family Homes on the Rise
"Know we saw during the pandemic. A lot of people moved from apartment buildings to single family homes so they could spread out a little bit while they were working from home that spurred demand and the rent for single family homes nationwide is up almost 8%. From April of 2022 April of this year, overall rent for all types of homes went up 5.3%, the largest gain in nearly 15 years.
Rents for single-family homes just saw the largest gains in nearly 15 years
"Single family homes saw the largest gain in nearly 15 years up by more than 5% of the last 12 months. And if you're renting, you're seeing an increase between 2.5 to 4%. Finally Mackensie Scott, the
Housing is on a Sugar High, But Is it in for a Crash?
"But we start with a sugar high and housing home sales pulling back in april but because prices are so hot. The median price for a new home soaring twenty percent last month. That is the biggest annual increase in thirty three years and it's not just new homes red hot housing market reinforced today but the case schiller index showing a thirteen percent gain in all home prices nationwide strong demand short supply historically low mortgage rates. All driving prices higher. Check out the move and the builders today names like toll brothers. Dr horton lesnar. Pulse group all moving higher during the session. So is this sugar high going to turn into a sugar crash. Tim weigh-in look. I think the year comps don't make a lot of sense. In terms of prices. I think the affordability has been an issue for the housing market for a long time. I think some of the the migration trends that we've seen of kobe are ones that may on wine but like i said we have a housing bubble. This is a question. I get asked a lot. I was just involved in the conversation earlier today about this Investment in in single family homes is is overall for the sector in other words building out and the man is supply. were still under invested in this country. the fact that these numbers are volatile on a monthly data series again month to month from kobe. Where obviously coming out of kobe. There's enormous pent-up demand rates are as you said. I mean i've been a driver for demand and the affordability dynamics and the inventory dynamics are things that existed well before i just look at annual wholesale seven hundred fifty thousands where we were pre covid. I think we're probably going to settle back into that range. And i think it's fine.
US Home Construction Falls a Surprise 9.5% in April
"Home construction is down but experts say things are looking up home construction was down a surprisingly sharp nine and a half percent in April but economists say it's at least in part because builders delayed projects due to a big jump in lumber prices and trouble getting supplies now listen to this you'll pay almost thirty six thousand dollars more to buy the average new single family home because the price of lumber has sky rocketed and production of some things home builders need shut down temporarily when the pandemic hit a year ago it can be difficult to get appliances for example despite all of that economists expect housing to show strength in twenty twenty one I'm ready to fall lay
US Expands Refinancing Options for Low-Income Homeowners
"The federal housing finance agency is launching a new refinance option for certain low income borrowers the FHFA which oversees Fannie Mae and Freddie Mac says many low income families haven't taken advantage of lower mortgage rates that are available so the agency is offering a new option that can save eligible homeowners between one hundred and two hundred fifty dollars a month and it helps with the up front costs like an appraisal that might be an obstacle a borrower's income needs to be at or below eighty percent of the median income for their region it has to be a Freddie Mac or **** Mae backed loan for a single family home that they reside in the new refinance option will be available this summer Jackie Quinn Washington
New-Home Sales Soar to Highest Level Since 2006
"Sales of new single Family homes jumped nearly 21% in March. Commerce Department reports today that new home sales soared to their highest level since
"every single back family" Discussed on Bloomberg Radio New York
"Is Michael Barr. Tom Paul. Thank you very much. Attorneys in the trial of a former Minneapolis police officer charged with killing George Floyd will make their closing arguments today for prosecutors. It's that Derrick Show been killed Floyd as he pinned him to the pavement and a clear misuse of force. For the defense. It's that Floyd died of a bad heart and made himself more vulnerable by abusing drugs and resisting officers. Floyd's brother felonies, Floyd said he's confident the jury will reach a guilty verdict. People all across the world. They reach out in excellent questions every day, and they all tell me different things like You will get justice for your brother and they're all optimistic. Just like me. I think we will get Justice Floyd says the video is enough to understand that his brother should get justice. Minnesota Governor Tim Walz talks about the incoming verdict. The idea that you would lose your life over a tabs being expired or even a warrant. There's better ways to do this. We're setting up situations that create volatility and the expectation that there will be violence and and we know that maybe a white Motors doesn't think so much about if they're pulled over for a in air freshener on there, But every single back family knows, And everybody listening this morning knows If you're black, that becomes a dangerous situation. Governor Walls has asked neighboring states for resource it has activated the National Guard across Minnesota. Russian opposition leader Alexei Navalny fears for his life in prison of all these team warned that he could die within days. Russian authorities now say they're moving him to a nearby prison hospital it has sent his health has sharply deteriorated while on a three week hunger strike. Tokyo is said to be making preparations to ask Japan central government to declare a state of emergency. As soon as April. 22nd..
US Home Construction Rebounds in March After Frigid February
"Home construction in the U. S. is trending up after some frigid weather shut down many projects the construction of new homes and apartments shot up by nineteen percent in March over February when severe storms in many areas of the country because construction to fall by eleven percent the commerce department says single family construction was up by fifteen percent last month while the apartment sector jumped thirty percent I kind of missed expect housing construction to remain strong this year given the record low level of homes for sale a new report by mortgage giant Freddie Mac concludes the housing market is almost four million single family home short of what's needed to meet demand my camp in Washington
US home prices soared in January by most in seven years
"Has fueled demand for single family homes and led to a surge in prices in January. Home prices rose at the fastest pace in seven years. By 11.1% from a year earlier, according to the S and P Corelogic Case Shiller index of home prices in 20 cities home sales have been rising over the past year, with Americans seeking more space from which to work and have kids do remote learning, but supply is down. The National Association of Realtors says the number of available homes fell by nearly a third in February from a year ago, the biggest drop on record Soccer
US home prices soared in January by most in seven years
"The virus pandemic has fueled demand for single family homes and led to a surge in prices in January home prices rose at the fastest pace in seven years by eleven point one percent from a year earlier according to the S. and P. CoreLogic case Shiller index of home prices in twenty cities home sales have been rising over the past year with Americans seeking more space from which to work and have kids do remote learning but supply is down the national association of realtors says the number of available homes fell by nearly a third in February from a year ago the biggest drop on record Sager mag ani Washington
Jasmine Green Talks Plants And Cities
"All right. Jasmine green thank you. So much for coming on the podcast. How about we start off by telling everyone a little bit about who you are and what it is. You do sir jasmine green. I am a pg candidate at uc davis. And i studied plants in vacant. Lots and more broadly plants in cities and generally urban ecology so. I definitely didn't start out as a plant person per se and so it's been an incredible journey. I think in grad school mostly as far as getting really introduced to plant and all the cool things that they do. Ecosystem is the collagen wise largely. I would say. I was more interested from a landscape perspective of what could deal and my in my department of plant sciences department which has a real focus on the people side of research. I would say more like applied research. And that's where our lab which does urban ecology work really fit in because as you mentioned urban districts are really complex and large part of that complexity comes from them being designed for people so a lot of you know the traditional kind of theory of like how communities are structured or how ecosystems are formed in succession in. That kind of stuff is really really different. People are the ultimate like each constructors. You know they can. They've designed this entire system. That is really in the interest of this one species which humans so from from my point of view. I started as a masters student. And i was looking at yard. Transformation so looking at lawns like in like single family homes and so in california. Which is very i go to school where you live right now. One of the main ecological issues in environmental issues drought and saving water. For you know for those drought times to make sure enough water considered for people years for there to be used in agriculture and also to maintain for environmental quality
Sales of new homes plunged 18.2% in February
"February turned out to be a bad month for new home sales. Sales of new homes plunged 18.2% in February as severe winter weather and many parts of the country and a lack of supply took a toll on the housing industry. The Commerce Department says sales of single family homes dropped to the slowest sales pace since May of last year. The median price of a new home sold last month was just under $350,000. That's up from just over 5% from last year severe Winter storms also had an impact on the sale of existing homes. They decline 6.5%
Sales of new homes plunged 18.2% in February
"Sales of new homes fell 18.2% in February, a severe weather weather in many parts of the country and lack of supply took a toll on the housing industry. The Commerce Department reports that sales of Single family homes dropped to the slower sales pace since May of
Sales of new homes plunged 18.2% in February
"February was a bad month for new home sales sales of new homes plunged eighteen point two percent in February as severe winter weather in many parts of the country and a lack of supply took a toll on the housing industry the commerce department says sales of single family homes dropped to the slower sales pace since may of last year the median price of a new home sold last month was just under three hundred and fifty thousand dollars that's up from just over five percent from last year severe winter storms also had an impact on the sale of existing homes they declined six and a half percent last month I'm Shelley Adler
Fairfax County to approve zoning changes that would make it easier to rent converted apartments
"Yeah, there is a push for more affordable housing. In one Northern Virginia area. Six counties, the only local jurisdiction that says converted apartments inside a single family home can on Lee be lived in by a person older than 55, or who has a disability that's led some to illegally convert basements and garages into apartments. Now, the board of Supervisors seem set to approve a change to the 42 year old zoning ordinance that would make it easier to set up and rent out and for the candidate to inspect converted apartments. Some of worried it would hurt neighborhoods where parking is already tight. The change would require would be landlords to prove tenants could park
Fairfax poised to approve zoning changes that would make it easier to rent converted apartments
"County lawmakers are poised today to allow more people access to convert it apartments located inside of single family homes, along with detached so called mother in law, sweets and similar units. Her fact is the only jurisdiction in the DC area that limits these apartments for used to the elderly and the disabled. But the Board of Supervisors is expected to drop those restrictions in an attempt. Create more affordable housing. Opponents say opening up more apartments will create parking issues, though the new law would require homeowners to provide parking
Yaa Gyasi Discusses Her Latest Book, Transcendent Kingdom
"Was born in ghana amazed in huntsville alabama process novel. Going was a sunday times bestseller. The national book critics circle award for best first novel and was shortlisted for the pen. Robert w bingham prize for fiction. Twenty seventeen she was selected as one of granta's best young american novelists and in two thousand nineteen the bbc's elected her debut is one of the hundred novels that shape. Our world and latest novel is transcendent kingdom. And that's what we're going to talk about today. Y'all welcome to little atoms. Thank you thanks for having me. Tell me festival how you would describe this novel. So transcendent kingdom is about a woman named gifty who is completing a phd At stanford and neuroscience and she studies phenomenon called neural circuitry of reward seeking behavior which for lay people just means that she said he's things like addiction and depression and it's at a time in her life when her own mother who is quite depressed has come to stay with her so she finds herself taking care of her mother while also doing this research while also reflecting on her childhood particularly the circumstances that led up to her beloved older brothers passing from an opioid overdose and sets a book about Family about mother daughter relationships about immigration about religion and about science knows your debut. Homegoing was a a historical epic a sprawling multigenerational story. This one. obviously as you've just described it covers some big issues big ideas in it but it's focused down on a one single family and indeed a family. That's getting smaller not getting larger year. It never it didn't really feel like a conscious choice and from the beginning of transcendent kingdom. It just seemed like a more intimate story like a smaller canvas. In that way. I wanted to focus on the way that trauma works in a family Which is a theme homegoing as well But in this case it was a much smaller and lay. It just felt natural. I think so much of transcendent. Them is about the ways that isolation has affected this one woman gifted life and in order to kind of capture that isolation loneliness a needed the i needed the smaller scale Gifted just isn't a character. Who has this kind of abundant family life. Her family moves to the states before she's born and once they get here they're kind of cut off from the larger extended family ongoing obviously had characters who were also cut off from family. But i feel like the point of that book was to kind of showed this broader family to show the family tree in its fullness to see the way that these cutoffs impact the individual Transcendent kingdom were just starting with the single branch and that set so gifty as you said. She's a nervous scientist. He's on on a day carrying out a particular experiments and this is a real thing. Tell us what it is. She's doing and where where this came for. You used it in the book share and so years conducting this experiment. While i think i call it in the book like a behavioral testing chamber Basically she puts mice into this chamber that she's created and she trains the mice to press a lever for a word in this case. It's like a chocolate milk drink when they pressed the lever the milk floods into the straw. They're all excited. And then after some time she changes conditions so sometimes when they press the lever they get the drink and other times when they pressed the lever. They get a mild foot shock instead. And there's no pattern to it. So the mice never figure out when or why beat shocks happening And what she discovers is that some of the mice stop pressing leper but others. Don't stop those mice. The who are effectively addicted to drink are the ones that she uses to study the neural pathways that are involved in addiction. in a a came to this Research via my own best friend. Her name is tina ken. She is a a neuroscientist herself. And when i started writing this book we were both living in california as she was finishing up her. Phd at stanford. I should mention. She's a friend from childhood so just kind of random that she ended up at stanford which is my my own alma mater But at any rate she was finishing her. Phd bear and around that time she had a major paper published that i wanted to read I thought that i understood what she did. But while i tried and failed to read the paper. I realized that i had no idea what she did And so. I just kind of asked if she would allow me to shadow her and her lab at that point. I didn't really know that. I was writing a book just kind of wanted to get a better understanding of research And thankfully and graciously she said yes. And so i spent the day with her and The day i went she was performing this surgery on her mice. That detail in the opening pages transcendent kingdom. And i just found it. So fascinating. Counter research fascinating. The whole process was unlike anything. Obviously that i ever spend my day thinking about. And i found that those places where your own curiosity is sparks places that feel incredibly different but also for tile are the best places to lean into for for creative worth so it felt natural to want to know more. It felt natural to to try to think about it to fiction so
How Your First Time Home Buying Decision Affects Long-Term Wealth With Scott And Mindy
"Scott trag- mini jensen. Welcome back to the bigger pockets. Podcast each of you former guest house here on the show. Now your Your guest which is pretty exciting. What's up guys. How's it going. Thanks for having us. I'm super excited to be back. I haven't seen you in one hundred years so i know it actually has been a while Kobe put a delay to my regular trips to denver but didn't stop. David greene hair from travel in the world and hanging out in mexico. What's up david. What's going on guys. Yeah i'm in kabul san lucas. It's my first time here. It's pretty awesome. Yeah sometimes you gotta take a vacation from maui. I guess right. I don't like to myself on the back. It's been very hard. I think. I just realized for the first half my life that when people say they're going to kabo and kabul san lucas set the same thing. Is that true. I think i've never realized that was the same thing to different cities. But i just put that two and two together that that was the same thing. I'm going to new york versus. New york. city apparently shortened nickname. Anyway rather than talking about my intelligence or lack thereof. Let's get into the scott mindy you guys last few years so for those who do not know you. I want to start with this one. Scott obviously you know everyone knows scott tranche. Everyone knows me jensen but for those who don't who are you. What's your real estate strategy. Ben and then. I wanna move into talking about the market a little bit. But let's start with that. We'll start with mindy ladies first. Mindy who are you and What what are you doing. My name's mindy jonathan. I do a lot in real estate. I am primarily a flipper. Which means i buy a house that is very unattractive. I move into it. I live in it as my primary residence fixing it up. So i live in a construction zone for two years and then sell it and make massive tax free cash when i sell it. I'm also a real estate agent in colorado. And i am the community manager for big pockets and the co host of the bigger pockets. Money podcast with me as always is my illustrious co host scott trench. Thanks wendy for the eliminating ensure there. I'm scott trench from the ceo of bigger pockets. I'm an investor here in denver colorado. I've got Eight units about one point six one point seven million in assets within that portfolio and the last couple of years have been a little quiet for me on the acquisition front and my personal portfolio. I have been spending more of that time. Investing in syndications and last year. I really set up property. Management rehabbed and Tackled a bit of maintenance that i had been deferring guests on this show. And i've been differing on a couple of my properties and took care that this year. And so i was able to reset them. Do a big refinance take a lot of cash out nine back into acquisition mode looking for that next deal. Awesome guys well speaking of next deal. It's been a crazy last year. Obviously with the real estate market covid doing some crazy things and things that i don't think any of us really necessarily expected i shouldn't i. Was you know worry that we're going to see a crash or something happened and all of a sudden instead it's just like somebody shot him on steroids into the real estate market the last six months. Why do you think real estate has gotten so competitive. And i don't even call hot as the best word i can use for it. Real real. The real markets gotten hot almost everywhere in the country. Why is that. And then i'll ask. Where do you think it's headed but let's start with that one mindy. Why do you think it's gotten so crazy lately. I think there are a bunch of actors of course cove it. I think a lot of people who were considering selling but maybe didn't have to sell has decided that i'm not gonna have random people traipsing through my house bringing their covid into my house and then i catch it and maybe die so i think there's a shortage of sales just based on the market are the pandemic itself. I think there are ridiculously low. Interest rate why. No they're low interest rates that are fueling people. Ooh i can upgrade to a better house and we didn't have anybody building houses from two thousand eight to two thousand and twelve thirteen fourteen. I mean in my area. They're just starting to do these massive builds again and it takes time and there's people that are still moving here but there's nothing to buy so prices just keep going up. I just sold a house on friday for more money than i thought was ever possible here in the story over and over. Scott what do you think. Yeah i would agree. I think the the first biggest lever is going to be interest rates. The payment matters more than the price to most homebuyers and frankly most landlords like all that fifty percent rule your expenses are not magically changing. You know in those two in those types of things based on interest rates so if your interest rate if your your payment goes down you can afford to buy. You can pay more for the same property and get achieve the same or greater cash flow so i think that interest rates are the number one biggest lever and then the second one is going to be the stimulus and just the in injection of cash and liquid into the economy. In general. I think that last year a lot of people weren't spending as much money as they nip term typically what at least those who would be potential competitors of yours when buying homes and rental properties and so people are now in a position to buy with liquidity and low interest rates. I think fundamentally the that's what's driving it. And then i also think diminish point the other factors are all many of them are also fueling this. There's been an exodus from apartments to single family homes red single-family rents have gone up apartment. Rents have fallen over the last year. Single family housing prices have exploded by more. I think it was like single family. Rents went up by three four percent and prices went up eight nine percent over the year. I think that's that's showing a fuel in demand from apartments to single family homes as rentals but an even greater preference to buy. I think fueled by that interest rate shift so other things. Lack of housing starts continued population. Growth and then Inflation in expectation of inflation. In general are all you know fuelling real estate right now. Who knows how long that will continue but hasn't been a bad year for those who held real estate going into twenty twenty.