5 at 5: Your Daily Digest for Real Estate Investing, 12/7/2020
A sunny forecast for home sales and prices, a disaster for restaurants, the warehousing business is getting busier, industrial REITs need to be considered and how to find out about foreclosure investments.
In today’s news
CoreLogic projects low rates, high sales through 2023
CoreLogic (NYSE: CLGX) has released its final three-year report on real estate and mortgage outlook for the year, and it also forecasts unprecedented home sales and record low mortgage rates in 2021 as the economy continues to recover.
Why It Matters: The data company’s chief economist tells HousingWire that this scenario could last through 2023. This is a big window for investors to take advantage of a hot market if you can find the right deals.
Restaurant Apocalypse: Top 110,000 Industry Closes In “Free Fall”
This is one of six restaurants in the country. According to Bloomberg, the National Restaurant Association presented this bad news to congressional leaders today as it pressed for government aid.
Why It Matters: This is wreaking havoc on a critical part of the economy, these companies, their landlords, and our daily lives. Non-chain, mom and pop, and pop restaurants are particularly hard hit, and a vaccine-led rescue can’t get here soon enough.
Giving Back: America Needs More Storage For Vacation Returns
CBRE estimates that up to $ 70.5 billion worth of vacation purchases will be returned to businesses by consumers this year, adding an extra burden to supply chains that are already at maximum capacity 24/7 to see a surge in digital Orders to handle.
Why It Matters: This CNBC report on these CBRE results is that it could take up to 400 million square feet of additional warehouse space to process returns. That’s a lot of business for industrial real estate investment trusts (REITs) and other owners and managers of this type of space.
Today on Millionacres
3 industrial REITs for sale in December
Industrial real estate has been the leading commercial real estate sector for some time and has performed exceptionally well this year despite difficult economic conditions. REITs are a great way to get involved.
Why It Matters: Millionacres’s Liz Brumer examines business factors like leasing and how long to lease, and financial data like FFO and payouts to help make her choices. They might just work for you.
7 Best Books On Foreclosure Investments
The average foreclosure sold for $ 130,150 in the third quarter. The average existing home that is not foreclosed sold for $ 313,000. This indicates an opportunity, especially if there is a wave of foreclosures in the coming months.
Why It Matters: Millionacres’ Aly Yale offers her recommendations for a vacation reading that includes practical advice and ways to avoid pitfalls should you venture into these troubled waters.