Rental Real Estate Industry News – September 26, 2013
In this week’s rental news headlines, read about the newest crowdfunding venture to help get real estate ventures off the ground, and 25 hidden gem markets that are ripe for investment. See how Santa Barbara has incorporated sustainable communities for low-income urban living, and the difficulties Hurricane Sandy victims still face in their housing search one year after the storm.
Getting a real estate venture off the ground is a significant challenge. So a startup called GroundBreaker has launched a white-label crowdfunding solution that real estate entrepreneurs can use to raise money for their projects.
For investors looking to get into the real estate market, one factor should be considered above all others: location, location, location. Here are the 25 “hidden gem” markets around the nation — areas that are little-known, aren’t swarming with big institutional investors, and boast sizeable yields.
Almost a year after Hurricane Sandy, hundreds of displaced New Yorkers living in hotels face eviction. Many of them have or are applying for federal rental subsidies, but finding affordable apartments has proved daunting.
The foreclosed homes in the suburban Southern California, Arizona, and Nevada markets are almost gone — yet investors have kept buying, competing with individual buyers in standard sales. Some economists warn that house flipping will hurt the market.
Santa Barbara’s ArchitecTours on Oct. 5 features 12 sustainable community projects to create opportunities for low and moderate income residents to live close to work, shopping, entertainment, and recreation.