Good News for Single-Family Investors

New Wave of Foreclosures May Be a Good Sign for Investors

According to a recent article by NREI (National Real Estate Investor), there may be a spike in new foreclosures as banks take action on backlogs of bad home loans. 

"Legislative and legal dams have held back some foeclosure activity for years," says Daren Blomquist, vice president at RealtyTrac, a data firm that tracks foreclosure trends. "In states such as New Jersey, Massachusetts, and New York, a flood of deferred distress from the last housing crisis is finally spilling over." 

Many of these properties have been in default for a long time, and may even be vacant. They may eventually sell at low prices that drag down overall home prices in their markets. These thousands of home may also provide an opportunity for investors. 

To read the full article, visit: NREI

Source: http://nreionline.com/news

Commercial Property Prices Continue To Rise:

U.S Commercial Property Prices Continue to Show Strong Growth

real estate commercial property values

According to a recent article released by NREI, The Moody’s/RCA Commercial Property Price Indices (CPPI) all-property composite rose 1.3 percent during the month. For the three-month period between February and May, the all-property composite rose 4.5 percent. Read the full article below:

Commercial property prices showed another increase in May, according to the most recent report from ratings firm Moody’s and research firm Real Capital Analytics (RCA).

The Moody’s/RCA Commercial Property Price Indices (CPPI) all-property composite rose 1.3 percent during the month. For the three-month period between February and May, the all-property composite rose 4.5 percent.

Office properties in Central Business Districts (CBDs) experienced the most significant price increase in May, at 3.6 percent, and the greatest increase over a three-month period, at 12.1 percent. This was followed by prices on office properties overall, with a 2.0 percent increase in May, and prices on apartment buildings, with a 1.3 percent increase.

The smallest price jump during the month was experienced by suburban office buildings, at 0.2 percent. Industrial properties registered a 0.5 percent price increase and retail properties a 0.3 percent increase.

Prices for all core commercial properties rose by 1.2 percent and are now 5.4 percent above their previous market peak, according to Moody’s. Prices on office buildings in CBDs are now a whopping 42 percent above their previous peak.

The Moody’s/RCA CPPI is based on repeat sales taking place two calendar months prior to the publication of the report.

nreionline.com Originally published July 15, 2015 by Elaine Misonzhnik

Source: http://www.nreionline.com