Real estate
from24/7 Wall St.
12 hours ago'Accidental Landlords' Hit Near-Record Levels -- 1 Stock to Buy, 1 to Avoid
Many sellers are becoming 'accidental landlords' as home prices remain high and mortgage rates stay near 6%.
"There are very real economic forces that are limiting the options for non-college-educated men in the United States. Some of what we're seeing is simply rational responses to a system that's pricing them out."
Barratt Redrow stated, 'Now, with a less certain backdrop, given recent geopolitical events and their likely impact on mortgage rates and build cost, we are being even more selective.'
Good urbanism should transcend politics. Socialists and capitalists can walk the same neighborhood and agree it's a pleasant place to live. They can each appreciate the tree canopy, the corner café with people spilling onto the sidewalk, the mix of ages on bikes and on foot, the architectural details of older buildings, and so on.
The cost rose a lot following the pandemic. And some of that was supply chain issues that really increased the costs, and then they didn't quite come back down. And now tariffs are also impacting some products. These costs are part of the reason the amount of new rental housing stock is shrinking.
Rising utility costs continue to be a pain for the average U.S. renter. Energy-efficient rental features that help lower these costs like LED lighting, good insulation, and smart thermostats are becoming a baseline for renters.