Co-housing may be the solution to senior citizens’ housing needs—and an opportunity for investors. From McMansions to mini homes, the housing market is ever changing. A major shift that’s occurring right now is being fueled by the aging of the baby boomer generation. According to the U.S. Census Bureau’s 2017 National Population Projections report, every person in this cohort of the population will be 65 or older by 2030—just a
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The changes bring advantages to investors who take the time to understand them. If you want to invest in foreclosed properties in Ohio, you should know about changes the state made a few years ago to its foreclosure law. The changes make it easier for investors to buy foreclosed properties. But, you have to know where to look and how the process works to take full advantage of the changes.
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How “proptech” innovators are transforming residential real estate Although early innovators such as Zillow have been around for almost two decades, the full impact of the internet on the real estate industry has come into focus in just the last few years. Dozens of new VC-backed companies have come online and are challenging existing business models. A new type of company called an “iBuyer” (e.g., Opendoor) offers homeowners a new
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Sidebar to January 2020 Regional Spotlight: Why Chicago Works for Investors in 2020 One thing you will hear repeatedly from real estate investors with capital in Chicago is to “know your neighborhood.” For Scott Larson, vice president at Chicago-based bridge lender Pangea Mortgage Capital, that means his company focuses on certain areas of south and west Chicago. For Mike Wojcik, chief marketing officer at Fay Servicing LLC, it means identifying
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The Windy City is weighted with opportunity if you know where to look. Chicago, Illinois, was dubbed “The City That Works” during the more than two decades that Richard J. Daley was mayor. Daley, whose son also served as Chicago mayor for a record-breaking 22 years before refusing to run for a seventh term in 2011, used the slogan as part of his own mayoral campaign. The phrase implied that
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Sidebar to January 2020 Profile: Altisource: Innovation Points Straight to Evolution With the New Year barely begun, investors may glean a great deal of insight about where residential rental housing is headed by looking back at the numbers from 2019. RentRange’s senior data analyst Fred Heigold III provided commentary on the past year’s rental rate increases for three-bedroom single-family homes and notable MSAs. “Overall, increasing employment and wage growth in
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