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Weekly Insights: Bidding Wars, Housing Bubbles, & Economic Recovery

Sep 13, 2021 9:27:56 AM

Daily Data

Shark Tank GIF

CNBC reports that "Bidding wars erupt for renters as the economy recovers in a hot housing market." What does that mean for you?

  • For a stronger application, renters are coming to you with higher credit scores, higher security deposits, and a stronger rental history.
  • "In July, rents nationally rose 7% year over year for one-bedroom apartments and 8.7% for two-bedroom apartments. That is up from 5% and 6.5% annual gains in June, according to Zumper, a national rental listing platform." 
  • For every quality candidate coming through the door, there's a current resident who can't make ends meet. One landlord reported losing $30,000 during the pandemic so far for this reason. 

What are you seeing in your investment markets? Let us know and you could be featured on The Grind's social media!



Hate to Burst Your Bubble, But You're Not in One

Cartoon depiction of a giant bubble over a town

Don’t let the idea of another housing bubble scare you. Over the last year, countless parallels have been made between the effects of the pandemic and the Great Recession, and even the layperson worries about the possibility of a market crash.

But if you’re still nervous about being in a bubble, here are other tell-tale signs to watch for in your market.

Read the full article here 


The Take

What makes this moment in our economy unique? Pretty much everything! Still, there are lessons to be learned about economic trends that apply to what we're seeing day to day—and what we're likely to see in the months and years ahead. 

The Consequences of a K-Shaped Recession Recovery

Click the picture above to download the Take of the week! 


The Word

Check out our recommended reading for the week: 

  • Q&A with Evercore ISI's Stephen Kim (Builder)
    • This is an interview you want to check out if you're interested in where real estate and stock market investing meet. 
    • Why should you care? Cash-flow, build-to-order, and other real estate buzzwords-of-the-moment matter far beyond the real estate bubble. 

 

 

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