Search
  • Metro East REIA

Built-to-Rent Suburbs Are Poised to Spread Across the Country

According to a new report from the Wall Street Journal (reposted on Realtor.com), a new trend of “built to rent” subdivisions are spreading across the county. The WSJ says these new subdivisions are managed more like apartment buildings and have designated staff for repairs & maintenance. In addition, data currently shows that built-to-rent home make up 6% of newly built homes, however experts have suggested that the number of these homes built annually will double by 2024. Continue reading HERE...

1 view0 comments

Recent Posts

See All

Housing Starts Up 6.3% in June

The U.S. government is reporting that privately‐owned housing starts in June were at a seasonally adjusted annual rate of 1,643,000, which is 6.3% higher than May’s revised number. However, this figu

Existing Home Sales Up 1.4% in June

The National Association of Realtors is reporting that existing home sales were up 1.4% in June to a seasonally-adjusted annual rate of 5.86 million (up 22.9% from one year ago). Total housing invent

Rise of the Sister Cities

The Pandemic has altered life as we know it in many ways – some of which are becoming more apparent every day. John Burns Real Estate Consulting says many buyers & renters that are no longer required