SFR Investment Poised for Growth

first_imgSubscribe The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save April 17, 2020 1,584 Views About Author: Seth Welborn Tagged with: Investment Rent SFR in Daily Dose, Featured, Investment, News Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Investment Rent SFR 2020-04-17 Seth Welborn Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img SFR Investment Poised for Growth Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / SFR Investment Poised for Growth The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Single-family rental (SFR) investment is poised to be an investment portfolio stand out, according to SVN | SFRhub Advisors. The company recorded a 650% uptick in investment activity since mid-March 2020 for SFR/BFR portfolios on their technology platform, SFRhub.com, averaging 10,000+ listed homes, Yahoo Finance reports.”Investors have reaped financial advantages of a 10-year bullish marketplace, notably the past few years with SFR portfolios, and the newer BFR market,” said Jeff Cline, Executive Director and Principal of SVN | SFRhub Advisors. “For the first time in U.S. history, rental household growth outpaced U.S. homeownership.”He added “Looking ahead, consumer economic, lifestyle, and work-at-home popularity indicate global investors’ near and long-term outlook for capital growth and income opportunities in single-family detached homes for rent is better than it’s been for several years.”According to SVN | SFRhub, demand from millennials and older adults/retirees has destigmatized renting and touted SFRs’ benefits like increased space, yards and amenities representative of living in a single-family detached home. Skyrocketing unemployment, job uncertainty, and hefty student debt loans imply the SFR/BFR market should remain strong among millennials as home ownership moves farther out in time and remote working becomes more popular.Cline notes, “SFR/BFR investors’ main concerns are rent revenue and occupancy. In the short-term, unemployment may impact rent rather than occupancy issues. As the economy recovers, demand for SFR/BFR will be a favorite among alternative investors with capital on the sidelines seeking refuge and stock market diversification for growth and income.”U.S homebuilders may turn to REITs, private equity firms and individual investors to purchase completed or near completed single-family communities for rental investment if the new home buyer market continues to retract.”For the first time, we now have several private capital group clients with tens of billions of dollars to specifically invest in the BFR space,” said Michael Finch, EVP of SVN | SFRhub Advisors.  Print This Post Previous: The Industry Pulse: Keeping Servicers Updated Next: Wells Fargo Nears $18.5M Foreclosure Settlement Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

St. Peter’s House Retains St. Gregory’s College Sports Title

first_imgAs St Gregory’s College marked her 76th Annual Inter-house sports sponsored by Chikki Instant Noodles, St Peter House defended the title won last year by clinching first position. The event took place at the college’s athletics ground last Friday in Lagos.Chairman of the day, Mr Francis Bolaji Medessou, who is an old boy of the college declared the event open.He said this year’s event was in honour of the 1967-1971 set who also marked their 50th Anniversary by donating three new trophies to the school and a cash donation of N20,000 to the winning house.In his speech, he stated that it was a thing of joy to participate in competitions and competitors should be prepared to accept defeat as result can go both ways.The event commenced with a military parade under the command of Men of the Nigerian Army instead of the regular march past.At the end of the competition, St Peter House spotting colour red came out tops with 17gold, 11 Silver and 11bronze medals to beat St Francis, (Blue house) which had 11 gold, 13Silver and Eight bronze medals to second place.St Augustine’s House, (Colour Green) came third with 10 gold, 11 silver and 16  bronze medals ahead of fourth place. St Benedict’s (colour purple) with Eight Gold, 11 Silver and 11 bronze medals. Arogundade David of St Peter House was decorated as the overall best senior athlete of the sports meet while Onu Chukwuemeka also of St Peter’S House was adjudged the best athlete Intermediate category and Mecha Chukwuemeka of St Francis House was voted best athlete, Junior category.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more