STL lands on national list for highest real estate returns!

ST. LOUIS, MO/August 7, 2017 (STLRealEstate.News) HomeUnion, an online real estate investment management firm, released a report this week for usatoday.com in which they ranked the top 20 zip codes in the United States with the biggest return on real estate at this time.  Naturally, St. Louis found its way onto the list, which was configured by identifying zip codes that maximize real estate returns while minimizing risk over a five-year horizon.  The firm went onto examine school quality and neighborhood attractiveness for single-family rentals over the five-year period.

“HomeUnion Research Services looked at more than a dozen attributes that characterize a neighborhood including crime, schools, white-collar jobs, unemployment, home-ownership, permitting activity, and more,” said Steve Hovland, director of Research for HomeUnion.  “Based on those attributes, we forecast appreciation, vacancy, and rent changes over the next five-years.”

The study also calculated Annualized Total Return, which includes HomeUnion’s projections for how much the value of single-family rentals will appreciate and how much cash flow they’re expected to generate in the future.  HomeUnion’s model, according to Hovland, can determine the price and rent for every single-family home within a specific zip code while enabling them to predict the price and rent in five-years.

Americans are known for investing in real estate for flipping a profit over a certain time period.  Therefore, knowing a zip code and its predicted appreciation rate is a critical tool for those looking to invest in 2017 and 2018.  To mitigate the risks, investors should focus assets that can maintain value even during downturns.

Number 20 on the list kicks off with North Indianapolis, Indianapolis with annualized total returns at 5.4%.  Next comes North Hollywood, California with a 5.4% annualized return as well.  Jumping up to number 17, Maryland Heights, St. Louis clinches the spot with 5.5% returns.  Number one is Hamptons at Boca Raton, Florida.”

Thanks to stlrealestate.news for the information!

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We LOVE checklists…

Here is a helpful checklist for all you buyers who found the perfect house in a very heavy market thanks to Old Republic Title and Pinterest! Hope it helps! Have a Sunshine day!!

-The Sunshine Team

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Happy Home Buyer Holidays!!

Recently, my mother and I have been getting a TON of sellers asking us the very same question, which unsurprisingly is a question that comes up every holiday season: SHOULD WE TAKE A BREAK FROM OUR HOME BEING ON THE MARKET WITH THE HOLIDAYS COMING UP?  Before we get into this, I’d like to see your opinion,  what do you think the correct answer to this question is?

 

 

Friends, if you answered, NO, YOU SHOULD NOT TAKE YOUR HOME OFF THE MARKET DURING THE HOLIDAY SEASON, then you are correct ;).  The answer as to why is a simple one.  Though many people think that people are out spending time with their family and don’t have time for anything else, the exact opposite is true.  Yes, people are visiting families in other areas, but who says that area is not yours?  Furthermore, who says that people during the holidays don’t decide that they want to live closer to family and therefore want to start looking for homes in said area.  The fact is that home buying seems to slow down at the beginning of fall (late August) until mid fall (late October).  This is because families are most likely taking their last family trips before school starts, the summer home buying fiasco is coming to a close, etc.  However, things really start to pick up in the beginning of November through the end of the year, because people have time to start thinking about it again.  It is also a great time to get a home at a better price, because a lot of sellers drop after the summer season is over, and most people take that into consideration and even decide to wait until summer is over to start looking.  What is the point of this ramble? Don’t let the holiday season fool you into thinking that people are not out looking at homes!  Here at Sunshine Realty are busier than normal helping buyers search for homes.  Long story short, keep your home on the market for the holidays, and you may be surprised by the increase of showings/interest you receive.

HAPPY HOLIDAY SEASON FROM SUNSHINE REALTY 🙂