MACK Companies

MACK Companies is the nation’s premier provider of single-family, turnkey investment properties.

Archive for Wall St. Journal

Single-Family Rental Homes: Distressed Bets Are Now Paying Off

Eric Workman, In The News, Industry News, MACK in The News, Wall St. JournalComments Off

The Wall Street Journal ran an article this week regarding early sellers scoring big from selling off properties in bulk. The Article’s author, Nick Timiraos, used MACK Companies as an example pointing to the sale of 196 homes to a Scottsdale, Arizona, based real estate investment firm, American Residential Properties. This record deal leaves little doubt that single-family rental homes are now one of the hottest asset classes.

Institutional investors have come to value foreclosures, which can be given new life as rental properties. Nationally homes prices have continued to rise by 6% while much of the nation’s inventory continues to shrink. The perfect combination of economic factors makes Chicago one of if not the best location to invest in single-family rental homes.

MACK Companies Weekly Wrap-Up Presents: Market News

In The News, Industry News, MACK Companies, Wall St. JournalComments Off

Two articles ran in the Wall Street Journal this week, both by the same author, Nick Timiraos.  (click here for the article Nick wrote featuring MACK).  The first article spoke to home prices rising by their largest percentage in the last seven years during the second quarter.  Ivy Zelman, chief executive of Zelman & Associates, and one of the most respected analysts on Wall Street, was featured in the article and has officially raised her 2012 price forecast by five percent.  ”With every passing month, distressed homes are being absorbed at better and better prices” she said. (Ms. Zelman is hosting a national conference in Washington D.C. featuring the CEOs of many Fortune 500 companies, as well as MACK!)

MACK in Wall Street Journal: Foreigners Snap Up Properties in the U.S.

Eric Workman, In The News, MACK in The News, Real Estate Investment, Wall St. JournalComments Off

The six-year slide in U.S. home prices and the dollar’s weakness against some currencies are driving a property-buying binge by Asians, Canadians, Europeans and Latin Americans eager to own a piece of America. Plowing money into real estate may sound like a risky venture to many Americans. But to growing numbers of foreigners, U.S. housing has never seemed a smarter investment.

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