5 at 5: Your Daily Digest for Real Estate Investing, 2/12/21
Ongoing bidding wars, rebooking for vacation, cells on the roof, 3D printed houses and three REITs to show some love.
In today’s news
Redfin reports the ninth consecutive month of bidding wars
Nationwide, 55.9% of Redfin (NASDAQ: RDFN) listings for homes are bidding wars in January 2021, down from a revised rate of 52.5% in December. This is the ninth month in a row that more than half of the housing listings drafted by the company’s representatives have faced such fierce competition.
Why It Matters: Redfin is only part of the market, of course, but his experience is a pretty good indicator that it remains a seller’s market in many areas.
Study shows that most travelers rebook canceled trips in 2021
According to an IHG Hotels & Resorts (NYSE: IHG) survey of 6,000 people, including 2,000 Americans, conducted by OnePoll in January and reported by TravelPulse.com this week, more than half of travelers rebooked canceled trips in 2021 or is planning a rebooking.
Why It Matters: There is some optimism in the air, and travelers too could herald a happier spring and summer for hotels and other hospitality providers if coronavirus vaccine rollout continues.
Pebblebrook brings its roofs into play with Cell Tower Investment
According to GlobeSt.com, alternative asset manager Melody Investment Advisors will invest in 14 rooftop cell locations in Pebblebrook Hotel Trust (NYSE: PEB) hotels and resorts.
Why It Matters: Well, there is a great way to make up for lost room income. In fact, it’s a great way to make hay even when the hotel is full. With 5G increasing the demand for such small cell settings, there could be a lot more of this business for many commercial property owners.
Today on Millionacres
3D printed house hits market … will others follow suit?
There’s something unique about this 1,400-square-foot new home in Riverhead, New York – and it’s not the 2.5-car garage. The seller’s representative claims it is a first.
Why It Matters: Millionacres’ Jeff Piltch notes that such technology could help with labor shortages and other problems affecting new home construction. He adds that while the initial use cases are in single-family homes, affordable housing is likely next. Watch out for other such disruptions and the associated investment opportunities.
3 high dividend REITs for immediate purchase
If you love dividends (and who doesn’t?), It can be difficult to find attractive stocks to buy today. But that doesn’t mean you can’t. it just means you’ll have to work a little harder to find them.
Why It Matters: You need to click the heading to find out which three Real Estate Investment Trusts (REITs) are recommended here by Reuben Gregg Brewer of Millionacres. Just a little way to annoy you, our valued readers, on your way to Valentine’s Day weekend!