An ongoing feature in Tuesday Tactics is our “Great Read Roundup” in which we highlight some of the best pieces we’ve read recently and why they might expand your mind or help with your real estate career.
Demand for Single-Family Rentals Is Surging
(5-minute read)
The single-family rental market posted strong growth during the initial months of the pandemic, from April through June, according to the National Rental Home Council and John Burns Real Estate Consulting’s latest reading from the Single-Family Rental Market Index during the second quarter.
“As the COVID crisis reverberated throughout the economy in the second quarter this year, demand for single-family rental homes surged,” says David Howard, executive director of the National Rental Home Council. “Most Americans will be working and studying from home for the foreseeable future. So they’re looking for affordable homes in quality neighbourhoods with all the amenities and conveniences offered by the single-family home lifestyle.”
Green Mortgages Can Help Home Owners Invest in Energy Efficiency Benefits
(10-minute read)
There’s no question that COVID-19 has changed the way people live in their homes. An increase in telecommuting has led to a heightened interest in home offices and exercise rooms, including the overall needs of the home, such as energy usage.
Freddie Mac recently reported that “household electrical usage in late March was about 22% higher than in 2019,” at the onset of stay-at-home orders, with midday consumption (between 10 a.m. to 3 p.m.) rising approximately 35%. Depending on local utility costs, this would equate to an approximate $25 increase in monthly utility bills in the month of April.
