@RealCountllc

RealCount provides world class bookkeeping, accounting, tax, and CFO services exclusively to those in the Real Estate industry.

 United States
realcount.com
Joined February 2023
  • Tweets162
  • Following114
  • Followers34
100Media
What happened when a city banned investor purchases of homes to rent out? A new study tells us the answer: Home prices were not impacted-- deflating theory that investors drive up prices. But rents went up an additional 4%.
Jay Parsons
@jayparsons19 Jun 2023
Woah. Big new research paper that delivers big blow to anti-renter crowd who think investors drive up home prices. Punch lines: 1) They don't. 2) Investor purchases diversify neighborhoods with lower incomes than buyers. I might retweet every post in this thread...
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xitter.cf/jayparsons/status/1668…
Jay Parsons
@jayparsons13 Jun 2023
As expected, CPI's "Rent of Primary Residence" metric cooled for a second consecutive month. It's still slight -- for now -- but trends in asking rent point to a pre-destined sharper down ramp for CPI Rent moving forward.
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Any reports of plunging apartment occupancy rates right now likely reflect lagged data. The big drop was last year -- when occupancy fell from record highs back to long-term averages. So far in 2023 (key phrase: "so far") occupancy has been stabilizing.
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