Print This Post About Author: Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Five Star Global is proud to announce Jeff Tesch, CEO of RCN Capital, as the Event Chair for the 2020 Single-Family Rental Summit, taking place March 24-25 in Dallas.“It’s going to be an amazing, information-packed two days,” Tesch said of the conference. Sessions during the summit include discussions on technology, financing, property management, and how investors can scale single-family business. Single-family rental compromise one-third of all U.S. rental properties, with 16 million current properties on the market and 13 million in demand. CoreLogic’s Single-Family Rent Index found rent prices rose 3.1% year-over-year, an increase propped up by low-end rentals, defined as properties with rent prices less than 75% of the regional median. Low-end rentals were up 3.6% year-over-year in October 2019.The increase in single-family rental prices were fueled by the low rental home inventory, but price growth has slowed since February 2016. High-end rental prices grew alongside low-end, up by 2.9% from October 2018.“Increases in low-end rent prices have outpaced those on the high end for more than five years as newly-formed households push up demand for entry-level rentals,” said Molly Boesel, Principal Economist at CoreLogic. “However, high-end rents gained momentum for the sixth consecutive month in October 2019, while low-end rates slowed for the first time in roughly five months–resulting in the narrowest gap in rent growth for these price tiers since 2014.”By region, Phoenix had the highest year-over-year increase in single-family rents in October 2019 at 6.8%. Following Phoenix, Seattle took the second-highest rent price growth in October 2019 with gains of 5.8% and 5.4%. Phoenix, alongside Seattle, had high year-over-year rent growth driven by annual employment growth of 2.6% and 2.9%.Phoenix and Seattle’s year-over-year rent growth was driven largely by annual employment growth of 2.6% and 2.9%, respectively, larger than the national average of 1.4%.Overall, buying is more affordable in 53% of the 855 counties ATTOM Data Solutions tracks. Previous: Investor Update: Non-Traditional Renters Take Over Market Next: Don Layton Explains CRT Process and Effectiveness February 3, 2020 842 Views Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago 2020-02-03 Mike Albanese Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Single-Family Rental Experts to Assemble in Dallas Data Provider Black Knight to Acquire Top of Mind 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. in Daily Dose, Featured, News Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Subscribe The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Single-Family Rental Experts to Assemble in Dallas
The European Union has formally approved €2.5 million for the international project seeking to develop a standardized model for the renewables-based decentralized hybrid energy systems for remote off-grid communities.The funding to be delivered through Interreg North-West Europe (NWE) program, part of the European Regional Development Fund, represents 60% of the €4.2 million total project budget.The Low Carbon Off-grid Communities (LOGiC) project will incorporate decentralized hybrid energy systems combining different types of renewables, such as tidal, wind and solar PV with each other as well as with battery storage.Three remote areas, including Texel Island in the Netherlands, Orkney Islands in the United Kingdom, and Gimbweiler in Germany, will act as the pilot locations and real-life testing grounds for the new hybrid energy systems.The decentralized hybrid renewable energy systems are expected to lead to a reduction in carbon emissions and help provide a reliable and local power supply for remote local communities.Thijs Pennink, Director of the Dutch Regional Development Agency North Holland North (NHN) which is leading the project, said: “The combination of different energy generators in one system on this scale has not been shown before in North-West Europe. The project fits perfectly with the ambitions of the North Holland North region to contribute to the acceleration of the energy transition.”Hans van Breugel, CEO of Dutch tidal turbine manufacturer and project development company, Tocardo International, which is also one of the partners in the project, said the LOGiC initiative presents an opportunity for the company to install a tidal turbine in combination with sun, wind and storage in smart energy networks.Aside from NHN and Tocardo, seven other partners will work together on this project, including Hochschule Trier IfaS; Stichting Offgrid Test Centre; les îles du Ponant; Aquatera; Alliance for Rural Electrification (ARE); Verbandsgemeinde Birkenfeld, and the waterboard Hoogheemraadschap Hollands Noorderkwartier.The LOGiC project will initially last until March 2020 and will aim to gain widespread support in local communities of North-West Europe, as well as backing from politicians, academia and businesses.As an integral part of the project, NHN will therefore launch a ‘Community of Practice’ to collect feedback from all stakeholders and share best practices on decentralized renewable hybrid energy systems, which in turn will be included in the final model developed by the project, the NHN informed.