Apartments Search | Apartment Search St. Louis | Apartment Search St Louis | Private Apartment Listings » condo apartment http://blog.apartment-search.com St Louis only locally owned and operated Rental Agency. Sun, 01 Jan 2012 16:47:52 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Buyers Leave Homeowner’s Market, Opt to Rent http://blog.apartment-search.com/2011/07/buyers-leave-homeowners-market-opt-to-rent/?utm_source=rss&utm_medium=rss&utm_campaign=buyers-leave-homeowners-market-opt-to-rent http://blog.apartment-search.com/2011/07/buyers-leave-homeowners-market-opt-to-rent/#comments Sat, 23 Jul 2011 13:39:09 +0000 Kathryn Wood http://blog.apartment-search.com/?p=577 Yet Another Related Posts Plugin.]]> More Americans Exit Home Ownership

Political deadlock mixed with terrible housing market conditions will eventually turn America into a society of renters, according to the latest Housing Market Insights report from Morgan Stanley.

High rates of mortgage delinquency, foreclosures and liquidations are turning homeowners into renters, analysts at the investment banking giant said, lowering homeownership rates and increasing demand for rentals.

And it appears even federal institutions are giving up on implicitly supporting what used to be the cornerstone of the ideal American life.

In the Treasury Department white paper on reforming the government-sponsored enterprises, a suggested change to housing policy was put forward: “The administration believes that we must continue to take the necessary steps to ensure that Americans have access to an adequate range of affordable housing options. This does not mean our goal is for all Americans to be homeowners.”

During the housing bubble, homeownership rates increased from 66% to 69%, an all-time high. Today, that number is just below 65%, according to Morgan Stanley researchers Oliver Chang, James Egan and Vishwanath Tirupattur.

The analysts expect this will decline further to 59.7%, driving multifamily vacancies down and rents up. The researchers derived this estimate by taking the number of delinquent homeowners likely to be foreclosed, and moving them into the rental category.

Nonetheless, American payroll and household formation numbers are actually on the rise.

Traditionally, this would mean that these households, with increasing capital, would naturally look to invest in a home, but getting the loan to do so is on a downward trajectory (see chart below):

The above graph will come as no surprise to those following the rental markets.

The National Multi Housing Council, a trade group representing the apartment industry, pushed for balanced housing policy in regard to renting at the group’s mid-year conference in May.

During the housing boom, it was difficult to get approvals from the government-sponsored enterprises for rental housing, but localities are reducing the barriers and restrictions that have hampered rental development to encourage the revenue and jobs new development brings. The NMHC called the trend “the new normal,” and it appears demand will continue to surge.

“The best public policies must recognize the need for diverse, affordable housing options for both renters and owners. However, home ownership remains one of the most important sources of wealth for many households,” said Sarah Duda, senior research and project associate at the Woodstock Institute, a nonprofit research firm and financial reform advocate.

After reviewing the Morgan Stanley report, Duda responded: “Keeping current homeowners in their homes should be a top priority. Preserving the opportunity for people to purchase a home, particularly while affordability in the ownership market is high, is also important. Requiring meaningful loan modifications and making mortgage credit available, safe and affordable for renters who are ready and willing to buy their first home will be most helpful at this time.”

Furthermore, a lack of credit and falling home prices continue to negatively impact the desire to own a home.

And it’s not just these factors pulling down the ability of Americans to get a mortgage.

“GSE reform, Dodd-Frank securitization rules, mortgage interest deduction reform, continued home price declines and a long workout period for distressed homes, will likely make it harder to buy an owner-occupied home,” the Morgan Stanley report states.

“As such, we believe that the U.S. will become a Rentership Society, in which the homeownership rate will keep falling, the home rentership rate will conversely rise, and the rental market will dominate the investment landscape in housing for years to come,” according to the analysts.

They made clear the interpretation of their results are not necessarily equal to a negative outlook. They point to improvement to the multifamily sector as an example. However, performance of single-family dwellings, often owned by one landlord, are more difficult to project.

More Americans to exit home ownership

housingwire.com

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]]> http://blog.apartment-search.com/2011/07/buyers-leave-homeowners-market-opt-to-rent/feed/ 0 Burned! A London Vacation Rental Scam – NYTimes.com http://blog.apartment-search.com/2011/01/burned-a-london-vacation-rental-scam-nytimes-com/?utm_source=rss&utm_medium=rss&utm_campaign=burned-a-london-vacation-rental-scam-nytimes-com http://blog.apartment-search.com/2011/01/burned-a-london-vacation-rental-scam-nytimes-com/#comments Wed, 26 Jan 2011 23:45:36 +0000 Kathryn Wood http://blog.apartment-search.com/?p=561 Yet Another Related Posts Plugin.]]> We are always warning each other to beware of scams, but I’ve never actually come close to one.  The truth is, I have probably been duped many times, and simply never realized it…

I recently read a blog article which stated approximately 2/3rds of all “robberies” occur in the form of  scams — everything from fake charities to “not-quite-what-you-expected” Internet purchases.

Sounds like an urban myth to me, but in this day and age, who knows?  Which is why the article below is worth reading.  It is a verifiable scam, one which occurs regularly all over the world.  Losses in our single industry are potentially astronomic!

This writer lost $565.00 in a single transaction. Read on to find out how and why… Then realize the next time, it could be you.

I was stressed, rushing to make last-minute lodging arrangements for a three-stop writing trip to Europe, when it appeared on Craigslist: the perfect apartment for my first stop in London. A tiny studio in Notting Hill for just £45, or $73, a night.

I hadn’t been in London since I was a boy, so I shot the link around to some friends to ask about the location. Great neighborhood, they said. Take it.

via Burned! A London Vacation Rental Scam – NYTimes.com.

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]]> http://blog.apartment-search.com/2011/01/burned-a-london-vacation-rental-scam-nytimes-com/feed/ 1 Renters: Beware of these lease clauses – MSN Real Estate http://blog.apartment-search.com/2010/12/renters-beware-of-these-lease-clauses-msn-real-estate/?utm_source=rss&utm_medium=rss&utm_campaign=renters-beware-of-these-lease-clauses-msn-real-estate http://blog.apartment-search.com/2010/12/renters-beware-of-these-lease-clauses-msn-real-estate/#comments Wed, 01 Dec 2010 14:21:06 +0000 Kathryn Wood http://blog.apartment-search.com/?p=549 Yet Another Related Posts Plugin.]]> What a great article — clauses in leases that could work against renters.  We know crooked clauses (and crooked landlords) exist, but have never seen them listed so accurately.  If you are planning to sign a lease any time soon, this is a must-read.  Renters, protect yourselves!  Print this article for reference when negotiating your next new lease.  You’ll be glad you did!

When the landlord hands a new tenant a lease, it’s only the beginning of a negotiation. Tenants need to know which clauses to strike – and which are illegal – before signing, or things could get costly later.

via Renters: Beware of these lease clauses – MSN Real Estate.

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]]> http://blog.apartment-search.com/2010/12/renters-beware-of-these-lease-clauses-msn-real-estate/feed/ 2 Apartment Rental Tips And Tricks http://blog.apartment-search.com/2010/11/apartment-rental-tips-and-tricks/?utm_source=rss&utm_medium=rss&utm_campaign=apartment-rental-tips-and-tricks http://blog.apartment-search.com/2010/11/apartment-rental-tips-and-tricks/#comments Sat, 20 Nov 2010 23:46:06 +0000 Kathryn Wood http://blog.apartment-search.com/?p=544 Yet Another Related Posts Plugin.]]> There are tons of articles suggesting the best ways to search for an apartment. This ‘Tips and Tricks’ article has some new ideas, ones I thought worthy of sharing with you.  Happy hunting!

Before beginning the search for a new apartment, a potential renter should take a little time to prepare themselves for this exciting beginning.

via Apartment Rental Tips And Tricks.

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]]> http://blog.apartment-search.com/2010/11/apartment-rental-tips-and-tricks/feed/ 0 Throw a Halloween Party That’s To-Die-For http://blog.apartment-search.com/2010/10/throw-a-halloween-party-that%e2%80%99s-to-die-for/?utm_source=rss&utm_medium=rss&utm_campaign=throw-a-halloween-party-that%25e2%2580%2599s-to-die-for http://blog.apartment-search.com/2010/10/throw-a-halloween-party-that%e2%80%99s-to-die-for/#comments Thu, 14 Oct 2010 17:04:48 +0000 Kathryn Wood http://blog.apartment-search.com/?p=534 Yet Another Related Posts Plugin.]]> You know, always writing about St. Louis apartments does get a bit boring (even for those of us who eat, breathe and sleep the St. Louis rental market — I do love what I do!).

So here is a fun article about Halloween parties!  It specifically addresses the unique challenges — noise, congestion, parking, etc. — faced by many party-loving apartment residents.

Read on for some great suggestions for your next party!

Haunted houses, kids in costumes, intricately carved pumpkins, and candy – ah, Halloween! It’s the night that kicks off the holiday season and a great excuse to dress in crazy clothing – in other words, it’s the perfect excuse for a great party! Transform your apartment into a spooky lair and start planning!

via Throw a Halloween Party That’s To-Die-For.

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]]> http://blog.apartment-search.com/2010/10/throw-a-halloween-party-that%e2%80%99s-to-die-for/feed/ 0 Pointers When Searching For A New Apartment | Mortgages http://blog.apartment-search.com/2010/08/pointers-when-searching-for-a-new-apartment-mortgages/?utm_source=rss&utm_medium=rss&utm_campaign=pointers-when-searching-for-a-new-apartment-mortgages http://blog.apartment-search.com/2010/08/pointers-when-searching-for-a-new-apartment-mortgages/#comments Fri, 20 Aug 2010 00:20:59 +0000 Kathryn Wood http://blog.apartment-search.com/?p=516 Yet Another Related Posts Plugin.]]> More and more in today’s overwhelming Information Age, experts recommend using a leasing professional when searching for an apartment/home/condo to rent (see article below).

With so much information out there (some truthful, some not so truthful), it is wise to use a rental expert — the same way you would use a sales expert to buy a house.  Let them narrow down your options, and you can make your decision with a clear head.

Leasing agents are paid by the landlords from their marketing budgets, so their services are usually free to the renter.  So quit clicking through page after page of potential rentals, and call your local rental expert.  You’ll be glad you did!

Apartment hunting can be tough. Hiring an agent might be wise when looking for an apartment. An agent can help you find what you are looking for and quite often, find you deals that you didn’t know where available.

via Pointers When Searching For A New Apartment | Mortgages.

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]]> http://blog.apartment-search.com/2010/08/pointers-when-searching-for-a-new-apartment-mortgages/feed/ 10 Seek Help From An Agent When Looking For A New Apartment http://blog.apartment-search.com/2010/08/seek-help-from-an-agent-when-looking-for-a-new-apartment/?utm_source=rss&utm_medium=rss&utm_campaign=seek-help-from-an-agent-when-looking-for-a-new-apartment http://blog.apartment-search.com/2010/08/seek-help-from-an-agent-when-looking-for-a-new-apartment/#comments Wed, 11 Aug 2010 13:38:43 +0000 Kathryn Wood http://blog.apartment-search.com/?p=514 Yet Another Related Posts Plugin.]]> I couldn’t have said it better myself!  Apartment hunting these days is overwhelming.  Find a knowledgeable leasing agent and save yourself time, money and ghastly headaches..

If you are looking for an apartment, getting an agent to help you with your hunt can be beneficial. Don’t miss out on deals you may not know about. Agents will work for you to find better deals in the long run.

via Seek Help From An Agent When Looking For A New Apartment.

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]]> http://blog.apartment-search.com/2010/08/seek-help-from-an-agent-when-looking-for-a-new-apartment/feed/ 8 The Skinny on Apartment Databases and Apartment Locaters | TECHNOLOGY NEWS http://blog.apartment-search.com/2010/08/the-skinny-on-apartment-databases-and-apartment-locaters-technology-news/?utm_source=rss&utm_medium=rss&utm_campaign=the-skinny-on-apartment-databases-and-apartment-locaters-technology-news http://blog.apartment-search.com/2010/08/the-skinny-on-apartment-databases-and-apartment-locaters-technology-news/#comments Sun, 08 Aug 2010 23:38:31 +0000 Kathryn Wood http://blog.apartment-search.com/?p=512 Yet Another Related Posts Plugin.]]> On-line apartment database or personalized apartment locator?  The following explains which search approach is most useful, depending on the circumstances of your move.  Read on, then work smart, not hard, on your next apartment move!

Today, many people use the Internet as a resource for finding new apartments. If you are looking to move, chances are, you will likely put the term ‘apartments’ into a search engine like Google or Yahoo. There are two very distinct types of results you will get from your search.

The first result will be an apartment locator site, and the other result will be an apartment database site. It is important to know the difference between these types of sites so you can choose the one which best fits your needs.

via The Skinny on Apartment Databases and Apartment Locators | TECHNOLOGY NEWS.

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]]> http://blog.apartment-search.com/2010/08/the-skinny-on-apartment-databases-and-apartment-locaters-technology-news/feed/ 8 3 Bedroom condo in DeMun-Clayton Schools! http://blog.apartment-search.com/2010/08/3-bedroom-condo-in-demun-clayton-schools/?utm_source=rss&utm_medium=rss&utm_campaign=3-bedroom-condo-in-demun-clayton-schools http://blog.apartment-search.com/2010/08/3-bedroom-condo-in-demun-clayton-schools/#comments Sun, 08 Aug 2010 22:40:55 +0000 debdone http://blog.apartment-search.com/?p=503 Yet Another Related Posts Plugin.]]> 6334 S. Rosebury 3-W lr 6334 S. Rosebury 3-W lr-dr 6334 S. Rosebury 3-W sunroom
Beautiful 3 bedroom/2 bath condo on 3rd floor in the heart of DeMun. Walk to Forest Park, neighborhood shops and restaurants and Washington University. Hardwood floors throughout. Updated kitchen, fireplace, washer/dryer in unit. Off-street parking.
Click here for more details on this property

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]]> http://blog.apartment-search.com/2010/08/3-bedroom-condo-in-demun-clayton-schools/feed/ 5 What (Leasing) Real Estate Agents Do | YodZiaN.CoM – Finance and Loan Information http://blog.apartment-search.com/2010/08/what-leasing-real-estate-agents-do-yodzian-com-finance-and-loan-information/?utm_source=rss&utm_medium=rss&utm_campaign=what-leasing-real-estate-agents-do-yodzian-com-finance-and-loan-information http://blog.apartment-search.com/2010/08/what-leasing-real-estate-agents-do-yodzian-com-finance-and-loan-information/#comments Mon, 02 Aug 2010 19:12:16 +0000 Kathryn Wood http://blog.apartment-search.com/?p=467 Yet Another Related Posts Plugin.]]> People use real estate sales agents to sift through thousands of homes to find a handful which meet all the buyer’s requirements.  Why not use a licensed leasing agent to do the same thing with apartments?

Finding an apartment today can be overwhelming — there are thousands of rentals listed online.  Let a local leasing agency (like Apartment Search in St. Louis)  narrow down  your choices for you — the same way a real estate sales agent does for buyers.

Knowledgeable apartment locator agencies are available in most major cities.  It’s an option more and more smart, busy renters are turning to…

Apartment hunting can be tough. Hiring an agent might be wise when looking for an apartment. An agent can help you find what you are looking for and quite often, find you deals that you didn’t know where available.

via What Real Estate Agents Do | YodZiaN.CoM – Finance and Loan Information.

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