ResiClub Update: Transforming Housing Insights and Streamlining Finances
Today’s ResiClub letter is proudly sponsored by Stessa!
Managing rental property finances is becoming simpler than ever with Stessa. This powerful platform allows real estate investors to track every dollar effortlessly by linking bank accounts and financial institutions for comprehensive portfolio insights. Stessa’s user-friendly interface enables investors to automate transaction tracking and effectively organize their accounting. Users can categorize transactions, manage income and expenses by property, and retrieve receipts on the go, ensuring they maximize deductions—regardless of their portfolio’s geographic spread.
In the realm of housing, a significant trend known as the "lifestyle delay" is reshaping the U.S. market. Younger generations are postponing traditional milestones like marriage and parenthood, resulting in delays in purchasing homes. The median age for first-time homebuyers is projected to reach 38 in 2024, a stark contrast to 28 in 1991. This delayed homeownership is influenced not only by affordability but also by cultural shifts continuing across developed nations.
As households form later and tend to have fewer members, homebuyers are increasingly looking different from previous generations. Real estate professionals are encouraged to adapt to this trend by understanding the preferences of affluent 30-somethings, who now represent a significant portion of first-time buyers and are likely to become repeat buyers in upcoming years.
For investors, there’s a growing opportunity to cater to late 20-somethings and 30-somethings who delay homeownership. Build-to-rent communities are on the rise, offering a transitional living space that combines the privacy of single-family homes with the flexibility of renting.
Real estate investors are invited to participate in the Stessa-ResiClub Real Estate Investor Survey, with results to be published soon in ResiClub and major media outlets.
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