This Week in Real Estate 5-8-2015 - Happy Mother's Day

Home Tip of the Week. – HAPPY MOTHERS DAY

I have purposely flipped the order of the newsletter for this week. Because my tip is more important than my housing news.

“If Momma ain’t happy. Aint nobody happy.” “Happy Wife, Happy Life.”

To all the moms out there. Thank you. Thank you. and Thank You.

When looking on the internet for what I wanted to get my Mom and my wife (mother to Lucy) it was filled with lots of great stuff.

I found a survey from eBates.com found that the top 3 wished for gifts were:

·         Spa day/massage

·         Flowers

·         Jewelry

Then I found an article from a 2009 ABC poll where women were given the open question of what do you want with no restriction on categories of things.

·         Time with children(family)

·         Help around the house (coming home to no laundry, dirty dishes, clean house)

·         Family Photo or a keepsake project

So for you men out there that might have (probably have) procrastinated. Your job is actually easier than you thought. Family time with Mom is all she really wants. (ps Flowers and Jewelry don’t hurt either)

Investors are still buying, but more multi family

With the depletion of available distressed homes on the market over the past two years, more investors are shifting to investing in multifamily properties and away from single-family homes, according to a CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) survey of its members about their interactions with investors.

C.A.R.’s 2015 Investor Survey found 21 percent of investors purchased in multifamily properties in the past year, up from 19 percent in 2014 and 14 percent in 2013.

Eighty percent of the transactions were non-distressed, up from 70 percent in 2014, reflecting the recovering housing market.

Investors also turned to higher-priced properties given a lack of inventory of lower-priced properties.

Among the reasons investors cited for buying now include good price (39 percent), followed closely by good location (38 percent), future development potential (9 percent), and size (7 percent).

Additional findings from C.A.R.’s “2015 Investor Survey” include:

•        More investors (65 percent) rented their properties, rather than flip them (26 percent), up from 58 percent in 2014 but down from 73 percent in 2013.

•        Two-thirds (66 percent) of investors paid cash in 2015, essentially unchanged from 67 percent in 2014 and 2013. Investors cited proceeds from a previous investment as the primary source of cash funds (49 percent), followed by personal savings (42 percent), and private investors (20 percent).

•        Investors were buying more expensive homes. Median price $375,000 up from $320,000 in 2014. Also 32% of the properties were over $500,000 in 2015 as compared to only 24% in 2014

-Kris