Check out the new MACK in the Media guide! This quarterly publication will give you a wrap up of all of the stories and features that MACK was involved in over the recent months.
…to your investment strategy.
Question: Now that you are such a large company, why do you still focus your investment dollars on single-family residential properties? Don’t you want to get into the commercial realm?
Recently, Martekwatch, the Wall Street Journal’s daily online news source wrote an article
about why real estate deserves a spot in ‘your’ investment portfolio.
Recently the team at CoreLogic, one of the nations premier Real Estate research firms, released a report on the lessening of shadow inventory in the United States. Shadow Inventory is the
number of homes that are either seriously delinquent or in the process of foreclosure. At MACK,
we see this as a good thing!
CNBC recently reported that millions of Americans who lost their homes in foreclosure are driving demand in the rental market. So much so that Oliver Chang, Morgan Stanley’s head of U.S. housing strategy and research believes it is time for institutions such as hedge funds and private equity to enter the Single Family Rental market. Please click on the image or link to view!
It’s here! CNN Money visited MACK early this month and the feature piece can be seen by clicking here or clicking on the read more logo below. CNN’s piece centers on the amazing life cycle of a foreclosure. The property starts off being the culmination of the American for a family, unfortunate events happen in their lives, the home goes into disrepair, and significantly impacts other owners in the neighborhood and the community.
Northern Illinois Real Estate Magazine sat down with real estate developer, James “Mack” McClelland, founder of MACK Companies to glean some insight into the process of developing bank-owned properties.
Nearly 35 percent of occupied homes were rented in 2010, which is an increase of 33.8 percent from 2000, according to a USA Today analysis of U.S. Census data of more than 500 midsize and large cities
“With rental demand rising and apartment economics improving, the multifamily sector is a positive signal for the U.S. housing industry,” writes Frank Nothaft, Freddie Mac’s Chief Economist, in the October 2011 U.S. Economic and Housing Market Outlook.
Rental demand and prices continue to soar, and investors are cashing in. Rents are rising at a 5.17 percent annual rate — up from last year’s 4.72 percent rate. If rents continue to grow at their current pace, they won’t be too far behind the record-high reached in 2000 of 6.18 percent, according to Axiometrics Inc.