by Deborah Goonan, Independent American Community Two hot topics in real estate these days are the current housing affordability crisis and real estate’s investment potential — or lack of it. There’s no sugar-coating the truth. The U.S. real estate market has changed dramatically in the wake of a financial meltdown ten years ago. And today’s housing market is certainly much different from any decade since the post-World War II era. At one time in the Continue ReadingIs an “affordable” home or condo a good investment?
Redevelopment plan calls for replacing 364 condos with 1,600+ housing units plus commercial By Deborah Goonan, Independent American Communities Sometimes real estate news is presented in very misleading ways. For example, the headline of a news release for Huntington Club Condo Association (link posted below) tells only part of the story about the decision of 87% of unit owners to terminate their vintage condo association. Important details of that article reveal that a smaller Continue ReadingMixed Use Density on steroids in Alexandria, VA
By Deborah Goonan, Independent American Communities Why more of your neighbors may be renting than buying When the real estate market crashed and the foreclosure crisis was in full swing, large real estate investment firms such as Blackstone, Invitation Homes, Waypointe, Starwood, and American Homes4Rent began purchasing under-valued detached single family homes by the thousands. Large corporate investors had a substantial bankroll, so they could spend millions acquiring and renovating vacant, unsold properties, as well Continue ReadingAre single family homes the next real estate commodity?
Shared by Deborah Goonan, Independent American Communities One of my readers shared this shocking report. It clearly illustrates how housing finance policy in the US is manipulated to benefit real estate investment moguls, and not consumers (homeowners). As you read this article – it’s a bit lengthy but worth your time – keep the following questions in mind: How does approving risky mortgage loans with unfair or unconscionable terms “help” consumers? How does the Continue ReadingGovernment thinks real estate investors deserve more consideration than homeowners