5 at 5: Your Daily Digest for Real Estate Investing, 3/5/21
Where have all the entries gone? Multi-family indulgence extended. REIT stocks will rally in February. Hotel REITs to be considered. Co-working spaces are very promising.
In today’s news
More than 200,000 new offers are missing from the US real estate market
Extreme weather in most of the country has pushed car registrations to record lows difficult to pinpoint as prices hit new highs, according to Realtor.com in its February property development report.
The Millionacres Takeout: The report said there were almost 50% fewer homes for sale across the country in February than last year. Bad news for buyers. Good news for sellers. Mixed judgment for those who do both.
FHFA extends COVID-19 Multi-Family Forbearance through June 30th
The Federal Housing Finance Agency (FHFA) announced this week that Fannie Mae (OTCMKTS: FNMA) and Freddie Mac (OTCMKTS: FMCC) will continue to provide COVID-19 forbearance to qualified apartment owners through June 30, 2021, and will extend the expiration date from March 31st.
The Take Away Millionacres: The federal government continues to throw down the can of worms that may open when the various moratoriums and extensions on the national housing market expire.
Publicly traded REITs posted gains in February
According to WealthManagement.com, total returns on the FTSE Nareit All Equity Index rose 2.72% in February, driven by sharp setbacks in retail and accommodation mutual funds (REITs).
The Millionacres Takeaway: Now may be the time to revisit some of the hardest hit stocks that could be ready for a rebound when vaccines get into the arms of millions of people who are on their way for a long time take expected vacation. (See some specific recommendations below.)
Today on Millionacres
3 Hotel REITs to buy in March
Thanks to pent-up demand and a consolidating economy, the hotel business could have some pretty strong years ahead of it. Here are three hotel REITs in particular that might be worth a look on the way into March.
The Millionacres Takeout: Here’s a highline look at some hospitality hotties, courtesy of our own Matt Frankel. Because after all, we are here to help.
Is the collaboration over or is it just beginning?
Our Deidre Woollard says that while WeWork made headlines for its meteoric rise and sudden fall, not all cooperating companies have problems. In fact, there have been some interesting deals lately which suggest smaller cooperating firms might be prepared for a rebound
The Take Away Millionacres: While corporate premises may have attracted workers in the past, the future could include more decentralized spaces closer to workers’ homes. The hybrid model, which includes both office time and remote working, could be a great boon to collaboration and to those who own and operate those spaces.