realestate

Not Just Equities: Chinese Investments In American Real Estate Now Tops $100 Billion – ValueWalk

Not Just Equities: Chinese Investments In American Real Estate Now Tops $100 Billion – ValueWalk

Residential property: Between 2010 and 2015, Chinese buyers spent at least $93 billion on homes, including condominiums, for occupancy and investment. Spending rose at an annual rate of 20% and provided important demand in many local markets hit hard by the housing crisis. Chinese buyers paid substantially more, on average, per home than other international buyers because of their concentration in prime neighborhoods in California and New York.

Sourced through Scoop.it from: www.valuewalk.com

Not news to anyone within 100 feet of any real estate conversation in the Bay Area.  There are at least two of the new high rise apartment plans in downtown San Jose, are Chinese Investor Groups. 

 

I hear that residential investors are now moving to more affordable areas near the Bay Area.  Recent article stated Sacramento rents are seeing double digit increases this year.  A tale-tale sign of investors moving into areas and purchasing residential rentals.  New owner, new rent amount. 

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Silicon Valley apartment rent still rises in Q1 2016, but by a bit less, Real Answers says – Silicon Valley Business Journal

Silicon Valley apartment rent still rises in Q1 2016, but by a bit less, Real Answers says – Silicon Valley Business Journal

In Santa Clara County, the average asking rent for a one-bedroom apartment reached $2,361, up $23 from the prior quarter and 6.5 percent — or $143 — from a year ago, Real Answers said. The figure represents advertised rents for new leases at larger communities of 50 units or more.

Sourced through Scoop.it from: www.bizjournals.com

I like Nathan’s comment on rentsl  “prices could come back to earth”. Yes, after jumping nearly 10% in most areas and some even higher, some renters will move out to more distant parts of South County and Contra Costa County.  That will slow demand in 2016 but not by much.  However, I will say if Landlords want even higher rents, they will start accepting pets and multiple tenants on a lease. 

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