Every day, major media outlets in the United States publish articles that, although troubling for Americans, are motivational for me and everyone I work with and coach.
Yes team, we’re on the right track at exactly the right time!
From the Houston Chron this morning: “With foreclosures overhanging the home sales market, weak jobs numbers and looming changes that likely will make getting a mortgage more difficult, many economists and real estate industry leaders are pointing to rentals as real estate’s latest boom market.
“The stage is being set for very strong rent increases,” said Stan Humphries, chief economist of Zillow, who spoke to members of the National Association of Real Estate Editors, which is meeting through today at the Menger Hotel.
Humphries said 1.2 million to 2.2 million people still are transitioning out of homeownership and into the rental market, many after going through foreclosure.
With home prices continuing to fall and foreclosures not yet hitting their peak, more people are moving into apartments, Humphries said.”