{"id":767,"date":"2017-02-14T00:00:00","date_gmt":"2017-02-14T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/study-more-owner-occupied-homes-becoming-rentals\/"},"modified":"2017-02-14T00:00:00","modified_gmt":"2017-02-14T00:00:00","slug":"study-more-owner-occupied-homes-becoming-rentals","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/study-more-owner-occupied-homes-becoming-rentals\/","title":{"rendered":"Study: More Owner-Occupied Homes Becoming Rentals"},"content":{"rendered":"

[ad_1]
\n<\/p>\n

<\/p>\n

A homeowner\u2019s equity position is one of the central issues that prompts owners to take their property from owner-occupied to rental status, according to a new study from the Mortgage<\/a> Bankers Association\u2019s Research Institute for Housing<\/a> America. About 2 percent of the housing stock makes such a transition over a decade.<\/p>\n

\n

Read more<\/strong>: Rental Reconversions Give Remodeling a Boost<\/span><\/p>\n<\/blockquote>\n

The study shows that 6.5 percent of homes built before 2000 and 10.3 percent of homes built in the 1990s went from owner-occupied to rental status.<\/p>\n

\u201cUnderwater homes are notably more likely to transition into the rental sector, possibly because of reduced incentives to maintain the home and related decay,\u201d notes Stuart Rosenthal, a Syracuse University professor, who authored the study.<\/p>\n

Owner-occupied homes with a combined loan<\/a>-to-value ratio between 100 percent and 120 percent are between 1 and 2 percentage points more likely to become rentals, Rosenthal notes. Homes with a CLTV above 120 percent, on the other hand, are between 6 and 8 percentage points more likely to make this transition.<\/p>\n

However, homes aren\u2019t as likely to transition if the rental market is not vibrant. Also, certain neighborhood or structural attributes \u2013 like a waterfront location or being a detached property \u2013 also makes it less likely the property will turn from an owner-occupied home to a rental one, the study notes.<\/p>\n

The study also found that age-related depreciation makes it more likely that a home will become a rental home. Also, higher home prices did not likely cause a transition from owner to rental status either.<\/p>\n

“For certain types of homes rising house prices encourage transitions into the owner-occupied sector,” Rosenthal notes.<\/p>\n

Falling home prices, on the other hand, often prompt swings into the rental market. The large increase in homes that went from owner- to renter-occupied in the aftermath of the financial crisis will likely have an affect on new-home construction, Rosenthal says.<\/p>\n

“Movement of housing stock back to owner-occupancy status \u2026 has the potential to undercut demand for new construction since most home building occurs in the owner-occupied sector,” Rosenthal writes. \u201cA large buffer stock of potential owner-occupied homes may now sit in the rental segment of the market.”<\/p>\n

Source: \u201cWhy More Single-Family Homes Are Becoming Rentals,\u201d National Mortgage News (Feb. 7, 2017)<\/em><\/p>\n<\/div>\n

[ad_2]
\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

[ad_1] A homeowner\u2019s equity position is one of the central issues that prompts owners to take … Study: More Owner-Occupied Homes Becoming Rentals<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":768,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[4751,518,2890,12908,543,127,617,344,3058,1032,1007,41,818,678,817,10500],"class_list":["post-767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-amazing","tag-america","tag-construction","tag-home","tag-home-buying-guide","tag-homes","tag-house","tag-housing","tag-location","tag-mortgage-bank","tag-owners","tag-property","tag-real","tag-rental","tag-rentals","tag-single-family-homes"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/MoUOXjVqvzg","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3260,"url":"https:\/\/amazingproperty.com.ng\/blog\/selling-a-tenant-occupied-property\/","url_meta":{"origin":767,"position":0},"title":"Selling a Tenant-Occupied Property","author":"Amazing Property","date":"April 11, 2017","format":false,"excerpt":"With low inventories across the U.S., now is a great time to sell. You may have clients interested in putting a rental property on the market that\u2019s currently occupied by tenants. Desare Kohn-Laski, broker-owner of Skye Louis Realty in Coconut Creek, Fla., offers these three tips to successfully navigate the\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Property","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/02\/51a89276ca7882f8f38aca175c110607-1.jpg?fit=640%2C444&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/02\/51a89276ca7882f8f38aca175c110607-1.jpg?fit=640%2C444&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2020\/02\/51a89276ca7882f8f38aca175c110607-1.jpg?fit=640%2C444&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1438,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-are-spending-more-on-remodeling\/","url_meta":{"origin":767,"position":1},"title":"Owners Are Spending More on Remodeling","author":"Amazing Property","date":"February 28, 2017","format":false,"excerpt":"[ad_1] Baby boomers may be sparking a remodeling boom. Homeowner spending on remodeling projects is expected to see steady growth through 2025, according to Demographic Change and the Remodeling Outlook, released by Harvard Joint Center for Housing Studies.\u00a0Older owners are expected to make up the majority of those spending gains\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2444,"url":"https:\/\/amazingproperty.com.ng\/blog\/investors-are-unlocking-biggest-profits-here\/","url_meta":{"origin":767,"position":2},"title":"Investors Are Unlocking Biggest Profits Here","author":"Amazing Property","date":"March 24, 2017","format":false,"excerpt":"The county offering the highest returns from single-family rental properties so far in 2017: Clayton, Ga., in the Atlanta metro area. That\u2019s according to the first-quarter 2017 Single Family Rental Market report, released by ATTOM Data Solutions. Researchers analyzed single-family returns in 375 U.S. counties, each with populations of at\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/1_rss.png?fit=736%2C454&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/1_rss.png?fit=736%2C454&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/1_rss.png?fit=736%2C454&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/1_rss.png?fit=736%2C454&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":3262,"url":"https:\/\/amazingproperty.com.ng\/blog\/nar-vacation-sales-plunge-investors-rise\/","url_meta":{"origin":767,"position":3},"title":"NAR: Vacation Sales Plunge, Investors Rise","author":"Amazing Property","date":"April 11, 2017","format":false,"excerpt":"Vacation sales in 2016 posted a nearly 22 percent year-over-year drop and plunged to the lowest level since 2013, as buyers were greeted with fewer and pricier choices, according to the National Association of REALTORS\u00ae\u2019 2017 Vacation and Investment Home Survey, which covers existing and new-home transactions in 2016. Sales\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Infographic%20-%202017%20Investment%20and%20Vacation%20Home%20Buyers.jpg?fit=850%2C1031&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Infographic%20-%202017%20Investment%20and%20Vacation%20Home%20Buyers.jpg?fit=850%2C1031&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Infographic%20-%202017%20Investment%20and%20Vacation%20Home%20Buyers.jpg?fit=850%2C1031&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Infographic%20-%202017%20Investment%20and%20Vacation%20Home%20Buyers.jpg?fit=850%2C1031&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":8063,"url":"https:\/\/amazingproperty.com.ng\/blog\/renters-are-getting-frustrated\/","url_meta":{"origin":767,"position":4},"title":"Renters Are Getting Frustrated","author":"Amazing Property","date":"February 7, 2018","format":false,"excerpt":"The majority of renters say they want to own a home in the future and believe that homeownership is a critical piece of the American dream. But making the leap into homeownership is facing bigger hurdles as the market sees higher home prices and a shortage of homes for sale,\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Nar2018aspiringhomebuyers.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/NAR2018AspiringHomeBuyers.png?fit=447%2C1200&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":127949,"url":"https:\/\/amazingproperty.com.ng\/blog\/high-rental-yield-properties\/","url_meta":{"origin":767,"position":5},"title":"High Rental Yield Properties","author":"Amazing Property","date":"October 19, 2024","format":false,"excerpt":"Understanding Rental Yields Rental yields are essential for evaluating real estate investments. Gross rental yield is calculated by dividing annual rental income by the property's value and multiplying by 100 to get a percentage. For example, a property earning $18,000 annually with a $300,000 value would have a 6% gross\u2026","rel":"","context":"In "RealEstate"","block_context":{"text":"RealEstate","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/realestate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/images\/real-estate-investment-landscape.jpeg?fit=940%2C627&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/images\/real-estate-investment-landscape.jpeg?fit=940%2C627&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/images\/real-estate-investment-landscape.jpeg?fit=940%2C627&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/images\/real-estate-investment-landscape.jpeg?fit=940%2C627&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=767"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/767\/revisions"}],"predecessor-version":[{"id":90407,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/767\/revisions\/90407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/768"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}