Home / Daily Dose / Non-Owner-Occupied Homes: Where Are They Most Common? in Daily Dose, Featured, Investment, Journal, Market Studies, News Demand Propels Home Prices Upward 2 days ago Alison Rich has a long-time tenure in the writing and editing realm, touting an impressive body of work that has been featured in local and national consumer and trade publications spanning industries and audiences. She has worked for DS News and MReport magazines—both in print and online—since they launched. Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: Alison Rich Non-Owner-Occupied Homes: Where Are They Most Common? June 12, 2018 4,166 Views Tagged with: LendingTree non-owner-occupied Rental rental investments Single Family Rental Related Articles Whether they’re hoping to get ahold of an older abode or a freshly built one, today’s dearth of for-sale stock isn’t doing would-be buyers any favors. Every ounce of available inventory makes a difference, including non-owner-occupied properties (i.e., vacation, investment, and second homes). To assess their impact on inventory, LendingTree recently identified the U.S. cities with the highest share of mortgages originated for non-owner-occupied homes. “Many such properties are often bought for cash, however, which means our mortgage-focused study likely understates the effect on the market,” the company noted.When dissecting the data, LendingTree detected a definite regional trend, with cities claiming the most non-owner-occupied properties located mostly in the South and West. “Southern cities may be attracting investors due to low prices and growing populations,” LendingTree explained. “Many residents in Southern cities may not be able to access homeownership due to lower median salaries, creating a ready pool of renters.”Rapid price appreciation is likely luring investors in the West, the study notes. That region’s infamously high prices hinder homeownership, thus creating a ready pool of renters. Cities with the fewest non-owner-occupied properties trend in the Northeast and Midwest, where “affordable homes mean the opportunity to be a homeowner is high and less appreciation attracts less investors,” LendingTree explained.Of the 50 cities studied, Oklahoma City snagged the top slot, with a 15.4 percent share of non-owner-occupied mortgages and a $193,000 non-owner-occupied average loan amount. Philadelphia clocked in at No. 2, with a 14.6 percent share and a $245,000 loan amount. Memphis rocked the No. 3 spot, with a 14.6 percent share and a $126,000 loan amount. Miami, San Francisco, New Orleans, Las Vegas, New York, Los Angeles, and Riverside, California, round out the top 10, respectively.The city with the least non-owner-occupied mortgages: Detroit, with a 5.2 percent share and a $115,000 non-owner-occupied average loan size. Next comes Cleveland at No. 49, with a 5.7 percent share and a $124,000 loan size. Hartford, Connecticut, chalked up a No. 48 ranking, with a 5.9 percent share and a $237,000 loan size. Finishing out the bottom 50 are Indianapolis (47); Cincinnati (46); Pittsburgh (45); Buffalo, New York (44), Columbus, Ohio (43); Louisville, Kentucky (42); and Salt Lake City (41). Previous: Homebuilders Team With Habitat for Humanity Next: Clarida Nom Heads for Senate Vote Subscribe Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago LendingTree non-owner-occupied Rental rental investments Single Family Rental 2018-06-12 Alison Rich Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago Print This Post
Bluewater Productions, the company behind Female Force, has also showcased (in comic book format) such female heroes as Gloria Steinem, Hillary Clinton, Barbara Walters and Angelina Jolie. Oh, and the cast of Glee. Publisher Darren G. Davis says the Female Force series aims to examine “strong women in today’s society that have inspired generations and shaped the culture of today.” Nana-nana-nana-nana nana-nana-nana-nana…LIZA! Forget Batman, forget Spider-Man and forget Babs, even. Our new favorite comic book hero is Liza Minnelli. Female Force: Liza Minnelli, a comic book detailing the life of the iconic performer, is now available in digital and print editions. View Comments The 24-page saga is written Michael L. Frizell, illustrated by Rafael Cordeiro and highlights key moments from Minnelli’s prolific career. From her wild days at Studio 54 to her Oscar-winning performance in Cabaret and beyond, Female Force tells it all. What’s missing, sadly, is that time she battled the Green Goblin and the time she took off her glasses and revealed her true identity is Lois Lane. The book comes in four collectible covers, so you should probably definitely buy all of them.