Real estate has long been the go-to investment for those looking to build long-term wealth for generations. Let us help you navigate this asset class by signing up for our comprehensive real estate investing guide.
Mortgage delinquencies up, Staples bids for Home Depot, a new regulatory regime, money laundering in the defense bill, and three REITs that could do really well this year. Really well.
In Today's News
CoreLogic (NYSE: CLGX) reported today that October residential mortgage delinquencies were nearly twice that of the same month in 2019 but that the rate of growth in problem loans has slowed.
Why it matters: It's a bit of a lagging indicator, since these are October figures, but delinquencies are the first step toward foreclosures, and the fewer of those the better for the health of the overall economy and individual communities alike.
The owner of Staples made an unsolicited offer to take over Office Depot (NASDAQ: ODP) in a deal worth more than $2 billion, The Wall Street Journal says, looking to unite the rival office-supply superstores whose previous marriage attempts have been thwarted by competition concerns.
Why it matters: Office Depot has about 1,200 stores, staples about 1,100. The real estate investor impact to watch for, if the deal goes through on this the third time, would be locations going dark.
This interesting thought piece by Michael Novogradac of the Novogradac accounting and consulting firm covers a wide range of topics relevant to active real estate investors in different types of markets.
Why it matters: Take a few minutes to read this blog if you're interested in community development incentives, including tax credits. It can provide some guidance on what's ahead from the regulators as well as some ideas on how to do some double-bottom-line investing.
Today on Millionacres
The $740 billion bill includes anti-money laundering initiatives which may have a direct impact on the ways that some organizations purchase real estate.
Why it matters: The target here is expensive purchases through shadow corporations. Millionacres' Deidre Woollard points out that while sorting out the new requirements will take some time, expect more paperwork, at the least, to be a result.
Three currently beaten-down real estate investment trusts (REITs) that appear poised to skyrocket this year are EPR Properties (NYSE: EPR), Simon Property Group (NYSE: SPG), and SL Green Realty (NYSE: SLG).
Why it matters: It matters because you invest to make money, at least in theory, right? Millionacres' Matt DiLallo is an experienced investor and studier of stocks. He's trying to help you here.
Got $1,000? The 10 Top Investments We’d Make Right Now
Our team of analysts agrees. These 10 real estate plays are the best ways to invest in real estate right now. By signing up to be a member of Real Estate Winners, you’ll get access to our 10 best ideas and new investment ideas every month.
Find out how you can get started with Real Estate Winners by clicking here.