5 at 5: Your Daily Digest for Real Estate Investing, 2/3/21

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© Provided by Millionacres 5 at 5: Your Daily Digest for Real Estate Investing, 2/3/21

White homeownership up while Black ownership sags, some insight and action around a coastal urban exodus, investment advice on industrial REITs, and St. Joseph and home sellers.

In Today’s News

White Homeownership Rate Hits 9-Year High

HousingWire reports that despite an unrelenting COVID-19 virus and economic recession, U.S. homeownership rose in the fourth quarter of 2020 from the same period last year. And it’s reached a record high for white homeowners but has fallen for Black Americans.

Why it matters: These numbers come from the U.S. Census Bureau. Take from it what you will, but it does underscore the need to address issues — and opportunities — that have long existed in America’s housing markets.

Superstar Cities Are in Trouble

The Atlantic reports that the past year has offered a glimpse of the nowhere-everywhere future of work, and it isn’t optimistic for big cities.

Why it matters: A really thought-out piece here with lots of angles, including this: “Superstar pain could be America’s gain — not only because lower housing costs in expensive cities will make room for middle-class movers, but also because the coastal diaspora will fertilize growth in other places.”

Hedge Fund Manager Raises Bet on Housing in Texas, Hawaii, Las Vegas

The Wall Street Journal [subscription required] reports that hedge fund manager William Ackman is raising his bet that the migration of Americans to warmer, lower-tax cities is here to stay.

Why it matters: That Atlantic writer is just a journalist. This guy is a billionaire who’s putting actual money — lots of it — on that aforementioned “coastal diaspora.”

Today on Millionacres

3 Industrial REITs to Buy in February

The global coronavirus pandemic has led to increased demand for industrial real estate, partially driven by the shift toward online shopping. If you’re thinking of getting in on the trend, here are three ways to play it that might be of interest to you: Prologis (NYSE: PLD), STAG Industrial (NYSE: STAG), and Innovative Industrial Properties (NYSE: IIPR).

Why it matters: These are three very different companies in the same vertical. Millionacres’ Reuben Gregg Brewer explains the differences and makes an investment case for each.

Can a St. Joseph Statue Help Sell Your House Faster?

A carpenter by vocation, St. Joseph is known as the patron saint for many groups of people, including craftsmen, pregnant women, engineers — and yes, even home sellers.

Why it matters: Millionacres’ Barbara Zito provides anecdotes from others and her own experience in this interesting take on a real estate tradition.

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Gallery: The 13 Best REITs to Own in 2021 (Kiplinger)

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