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5 at 5: Your Daily Digest for Real Estate Investing, 12/7/2020

Millionacres logo Millionacres 12/7/2020 Marc Rapport
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A sunny forecast for home sales and rates, a disaster for restaurants, the warehouse business just gets busier, industrial REITs to consider, and how to read up on foreclosure investing.

In Today's News

CoreLogic Projects Low Rates, High Sales into 2023

CoreLogic (NYSE: CLGX) has released its final three-year housing and mortgage outlook report for the year and predicts 2021 will also see unprecedented home sales and record-low mortgage rates as the economy continues to recover.

Why it matters: The data company's chief economist tells HousingWire that this scenario could continue into 2023. That's a big window for investors to leverage a hot market, if you can find the right deals.

Restaurant Apocalypse: Closings Top 110,000 for Industry in 'Free Fall'

That's one in six eateries nationwide. Bloomberg says the National Restaurant Association presented that bad news to Congressional leaders today as it pushed for government help.

Why it matters: This is devastation to a critical piece of the economy, those businesses, their landlords, and our daily lives. Non-chain, mom and pop restaurants are being hit particularly hard, and a vaccine-driven rescue can't get here soon enough.

Giving Back: America Needs More Warehouses for Holiday Returns

CBRE estimates as much as $70.5 billion worth of holiday purchases this year are expected to be returned to companies from consumers, putting additional stress on supply chains that are already working around the clock, at max capacity, to fulfill a surge in digital orders.

Why it matters: This CNBC report on those CBRE findings says much as 400 million square feet of additional warehouse space could be needed just to process returns. That's a lot of business for industrial real estate investment trusts (REITs) and other owners and managers of that kind of space.

Today on Millionacres

3 Industrial REITs to Buy in December

Industrial real estate has been the leading sector in commercial real estate for a while now and has done exceptionally well this year despite challenging economic conditions. REITs are a great way to get involved.

Why it matters: Millionacres' Liz Brumer looks at business factors such as who's leasing and for how long, as well as financials like FFO and payouts, to make her picks. They might just work for you, too.

7 Best Books on Foreclosure Investing

The average foreclosure sold for $130,150 in the third quarter; the average existing home not in foreclosure sold for $313,000. That indicates opportunity, especially if a wave of foreclosures materializes in the coming months.

Why it matters: Millionacres' Aly Yale makes her recommendations for some holiday reading that presents practical advice and how to avoid pitfalls should you choose to venture into those troubled waters.

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The Motley Fool has a disclosure policy. Editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Editorial content from Millionacres is separate from The Motley Fool editorial content and is created by a different analyst team.


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