On a recent episode of the AZREIA Show, Michael Del Prete talks with Sophia Willets who shares her journey about growing up in a real estate investor family to becoming a successful multifamily real estate investor herself.  She discusses the advantages of starting in single-family homes before moving to multifamily properties, her strategy for off-market deals, and how she achieved significant returns on her investments. She also talks about the challenges she faced, including losing everything in the 2007 financial crisis and rebuilding her career and personal life. Click here to listen. The post How to Succeed in Multifamily Real Estate Investing appeared first on Real Estate Investing Today.

According to the latest CoreLogic Single-Family Rent Index (SFRI), U.S. single-family home rental prices rose by 3.4% year over year in February 2024 – the strongest growth recorded in 10 months.  CoreLogic says February’s annual rental cost increases could again signal that Americans are slowly migrating back to larger, more expensive coastal metros. “Single-family rent growth regained strength in February, posting the highest annual appreciation since April 2023…Monthly rent growth also picked up in February and was higher than what is typically recorded in winter months. Lower-priced properties had the smallest annual rent growth in February, which should be welcome news to renters…”  Said Molly Boesel, principal economist for CoreLogic. Click here to read the full report at CoreLogic.   The post CoreLogic Says Rent Growth Posts Highest Annual Increase Since Spring ’23 appeared first on Real Estate Investing Today.

According to the ATTOM Data’s Q1 2024 Foreclosure Report, there were 95,349 with a foreclosure filing during the first quarter of 2024, up 3% from the previous quarter but down less than 1 percent from one year ago.  There were a total of 67,657 U.S. properties that started the foreclosure process in Q1 2024, up 2% from the previous quarter and up 4% from one year ago  In addition, the report shows there were a total of 32,878 U.S. properties with foreclosure filings in March 2024, down less than 1 percent from the previous month and down 10% from one year ago. Key Takeaways: Nationwide in March 2024, one in every 4,286 properties had a foreclosure filing. States with the highest foreclosure rates in March 2024 were Illinois (one in every 2,548 housing units with a foreclosure filing); Connecticut (one in every 2,609 housing units); New Jersey (one in every …

The U.S. government is reporting that privately‐owned housing starts in March, 2024 were at a seasonally adjusted annual rate of 1,321,000, which is 14.7% lower than February’s revised number and is 4.3% lower than one year ago.  March’s rate for units in buildings with five units or more was 290k.  Privately‐owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,458,000, which is 4.3% below February’s revised number but is 1.5% higher than one year ago.  Authorizations of units in buildings with five units or more were at a rate of 433k in March. Click here to read the full report at the U.S. Census Bureau.   The post Housing Starts & Permits Drop in April ’24 appeared first on Real Estate Investing Today.

According to ATTOM’s newly released U.S. Commercial Foreclosure Report, there is a persistent uptrend in commercial foreclosures over the years, starting from a minimum of 141 in May 2020 and reaching 625 in March 2024. This signifies a consistent rise over the entire period. ATTOM’s latest commercial foreclosure activity analysis also noted that since January 2014, ATTOM has analyzed data spanning a period of economic recovery, noting 740 commercial foreclosures nationwide. Fluctuations were observed, with a peak of 889 in October 2014, indicating ongoing market adjustments. Despite challenges such as the COVID-19 pandemic, the market displayed adaptability, stabilizing after initial disruptions. In May 2020, commercial foreclosures hit a low of 141, reflecting immediate pandemic impacts and swift response measures. By March 2024, they had risen to 625, marking a 117% year-over-year increase, compared to the 2020 low. The report found that in March 2024, California recorded the highest monthly count …

Commercial Foreclosures Increased 6 Percent from Last Month and 117 Percent from Last Year;  States with the Most Commercial Foreclosures in March 2024 Included California, New York and Florida IRVINE, Calif. — April 17, 2024 — ATTOM, a leading curator of land, property, and real estate data, today released an updated monthly report on U.S. Commercial Foreclosures. The report reveals a continued increase in commercial foreclosures over the years, from a low of 141 in May 2020 to the current figure of 625 in March 2024. This represents a steady increase throughout the period. Historical Commercial Foreclosure OverviewSince January 2014, ATTOM has been analyzing data, a period marked by the nation’s emergence from economic uncertainty, with commercial foreclosures numbering 740 nationwide. Over the following years, ATTOM monitored fluctuations, observing a peak in October 2014 with 889 commercial foreclosures, indicating ongoing market corrections. Yet, the path wasn’t always upward. Despite challenges like …