Individual Investors Dominate Rental Market

first_img Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer.  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Of the 48.2 million rental housing units, nearly 49% are located in rental properties of one to four units, according to the latest Rental Housing Finance Survey (RHFS) data released by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. For these small rental properties, nearly 73% (14.1 million) are owned by individual investors and more than one-third (7.9 million) have a mortgage or similar debt”Since 2012, the Rental Housing Finance Survey has been America’s premier source of data on rental housing finance and financial health,” said Seth Appleton, HUD’s Assistant Secretary for Policy Development and Research. “The new 2018 Rental Housing Finance Survey data will help the administration better understand the potential impacts of COVID-19 on the financial health of America’s rental property owners.”The Rental Housing Finance Survey is funded by HUD and data is collected every three years by the Census Bureau. RHFS is the most comprehensive survey of rental housing properties in the United States, covering topics such as property configuration, ownership and management, rental income and expenses, financing, and capital improvements and expenses. The new release includes summary tables for areas across the nation.About 86% of all rental properties contain only one rental unit and 97% of all rental properties have only one building. About 36% of all rental units are in properties with one rental unit, while about 30% of rental units are in properties with 150 or more rental units.About 72% of rental properties, representing 41% of all rental units, are owned by individual investors and 16% of rental properties with 37% of units are owned by limited liability corporations or partnerships. For properties with 150 or more units, 63 percent are owned by limited liability corporations or partnerships.About 22% of small rental properties (1-4 units) are managed professionally while 94% of properties with 150 or more units are managed professionally. Share 1Save June 5, 2020 1,244 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Individual Investors Dominate Rental Market Tagged with: Investment Rental SIngle-family Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Home / Daily Dose / Individual Investors Dominate Rental Marketcenter_img About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Investment Rental SIngle-family 2020-06-05 Seth Welborn Demand Propels Home Prices Upward 2 days ago Previous: Housing, Economy Turning Corner Amidst COVID-19 Next: Servicers Prep for Hurricane Season Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News Subscribelast_img read more

Giving hybrids some respect

first_imgHarvard researchers are bringing new respectability to hybrids, showing that not all are evolutionary dead ends or short-lived mistakes and that some not only encompass the best traits of both parents, but create a unique mix that can endure as a separate species.Researchers at Harvard’s FAS Center for Systems Biology used genetic analysis to examine the evolutionary history of a recently recognized species of butterfly, the Appalachian tiger swallowtail, discovered in 2002. The Harvard analysis confirmed what other researchers had suspected, that the butterfly was a hybrid of the Canadian tiger swallowtail and the more southern eastern tiger swallowtail. Further, the researchers showed that the hybrid species originated when males from the Canadian species mated with females from the south.“Our work provides perhaps the first animal example that illustrates how hybrid species may be selectively favored when they inherit from their parent species-specific combinations of genes that underlie important ecological traits,” said Krushnamegh Kunte, a postdoctoral fellow at the center and lead author of the study, which was published online Sept. 8 in PLoS Genetics.The research shows that the species formed in a burst of hybridization that likely occurred during the last interglacial period. As the range of the cold-adapted Canadian tiger swallowtail retreated north with the glaciers, the range of the warm climate-adapted eastern tiger swallowtail advanced northward and up into the Appalachian Mountains. The two species subsequently intermingled in the mountains during a changing climate.The result is the Appalachian tiger swallowtail, which shares key traits of both parental species. Like the Canadian tiger swallowtail, it is tolerant of colder temperatures. And like the eastern tiger swallowtail, females have two forms, one that resembles the yellow, tiger-striped male, and a second dark-winged form that mimics the distantly related, poisonous pipevine swallowtail, a strategy that provides protection from predators.That combination of traits allowed the hybrids to populate the Appalachian Mountains, south of the range of the Canadian tiger swallowtail, overlapping with the pipevine swallowtail, and in territory cool enough to keep the eastern tiger swallowtail out.“This trait combination helped the new hybrids to occupy a novel niche that the parent species was unable to occupy. The hybrids eventually evolved into a new species,” said Kunte. “This is a nice example of natural selection driving the origin of species. In this case, the North American thermal landscape, historical climate change, and mimicry provided the ecological stage for the evolution of a new hybrid species.”The work was conducted by Kunte and Bauer Fellow Marcus Kronforst, the paper’s senior author, and a team of colleagues from the University of Texas, Austin, Princeton University, and Michigan State University.Creating species through hybridization is common in plants, but is rare in animals, Kronforst said. Though attitudes are changing, until recently, hybrids outside the plant kingdom were thought of as evolutionary mistakes. While their parents are adapted over millions of years to fit certain environmental niches, hybrids sharing traits from two species tend to be poorly adapted to survive in either parent’s niche. In addition, hybrids can have physical problems. Mules, for example, which are crosses between horses and donkeys, are sterile.The research, Kronforst said, enriches the picture of hybridization, illustrating that it is not merely a series of isolated accidents with little larger meaning, but rather an ongoing evolutionary process. Hybrids, Kronforst said, are a vehicle for the genetic mixing of parent populations. Sometimes the result is a less fit individual, and the impact on the larger population is negligible. Sometimes fertile hybrids result, and mate back with the parent species, providing an avenue for genetic exchange between parent species. In still other cases, Kronforst said, the hybridization can result in new species, mixing parental traits in a way that allows the offspring to inhabit their own environmental niche.“Hybridization has huge creative potential even in animals, where it is often disregarded,” Kronforst said. “Hybridization can drive the creation of new species.”last_img read more

Diversifying Schlesinger’s records

first_img New exhibit, curated from her personal archive, chronicles the life of a complicated activist and scholar The advisory group includes Jeannie Park ’83, a co-founding board member of the Coalition for a Diverse Harvard and president of the Harvard Asian American Alumni Association. Park called it an honor “to get to work with this inspiring group of connected and deeply engaged Asian American women leaders.” The group is now helping library staff think through a range of issues central to Asian American women as they work to expand their collections.“Immigration is certainly a huge factor when talking about the Asian American community. Language issues may be a barrier. Women may be keeping journals or notes in non-English languages, or may not even speak English,” said Park. “They may also have brought very little with them to this country. They may have escaped war or other disasters and trauma. My mother, for instance, has almost no photographs from her childhood because she lost almost everything, multiple times, in the wars in Korea and in escaping from North Korea. That’s not uncommon.” Angela Davis in black and white and gray Bon appétit! Julia at 100 Famed activist talks about art and community; mass incarceration; and what we talk about when we talk about race Lucy Stone, Angela Davis, Betty Friedan, June Jordan, Julia Child, Mildred Jefferson. All of their lives and stories are captured in the rich collections housed in Harvard’s Schlesinger Library on the History of Women in America.And thanks to ongoing efforts to diversify and broaden the library’s holdings, new names are regularly added to their number: such as poet, writer, and former Radcliffe Fellow Marilyn Chin; ordained minister, Harvard Divinity School graduate, founder of the Asian Task Force Against Domestic Violence and the first all-female Asian Lion dance troupe in Boston Cheng Imm Tan; and an immigrant from China who earned a master’s degree in English literature from Radcliffe in 1938 and went on to host a popular U.S. radio show, Pin Pin T’an Liu.Take Liu’s collection, with material in both English and Chinese such as immigration documents, recipes, personal photos, and more. The recently acquired archive highlights the library’s decades-long work of honoring the efforts and achievements of women, as well as its commitment to continually seeking out the material records of an ever-wider range of female changemakers, along with those whose quieter lives and everyday experiences comprise the diverse tapestry of American history.“If we are going to tell complex stories about diversity and its value and move toward genuine inclusion, then we need to have the archives which support that work,” said Carl and Lily Pforzheimer Foundation Director of the Schlesinger Library Jane Kamensky.Over the last several years library staff have been discussing how to make its collections “more representative of the experience of women in the United States and therefore more accurate and important,” added Kamensky. Those conversations drove the creation of advisory and working groups that will help build connections to and relationships with communities that have been less represented in the archives in the past. A new working group, centered on women’s roles in the making of modern conservatism, will begin meeting under Kamensky’s direction next month.,Diversifying the records can be complicated, sensitive work, said Kenvi Phillips, the library’s first curator for race and ethnicity, who was hired in 2017 to help the library develop a more inclusive archive. Phillips, who was part of the team that brought Davis’ papers to Schlesinger in 2018, knows different communities have different concerns and constraints and that learning to be sensitive to a group’s particular interests or worries, as well as what questions to ask, takes care and time. To help her reach out to the Asian American diaspora, Phillips helped organize the library’s Asian American Women’s Advisory Group made up of alumnae representing Chinese American, Korean American, Filipina, and South Asian communities.“They have been incredibly helpful in walking us through different strategies for how to approach people; they are planning networking events for us in New York and San Francisco; and they are even offering up different names of people who might want to share their stories,” said Phillips. “If we are going to tell complex stories about diversity and its value and move toward genuine inclusion, then we need to have the archives which support that work.” — Jane Kamensky, Schlesinger Librarycenter_img Angela Davis looks back Related Radcliffe celebrates the life, legacy of the famed French chef And while Kamensky anticipates new collections arriving in different languages, she isn’t worried.“The hidden subtext of this whole effort is the language expertise of the Harvard Library bibliographers, assuming that we continue to succeed in collections that have pieces in Mandarin and Cantonese and Thai and Lao and Vietnamese and Hindi and on and on. Schlesinger can’t hire language experts to do that processing and we don’t have to, because Harvard Library already has it. In order to describe and carefully process the collections we will be leveraging the talents of our Harvard colleagues, which is a great gift.”The recent seminars hosted by the Radcliffe Institute for Advanced Study have supported the library’s ongoing efforts. In 2016 the institute hosted “Native Peoples, Native Politics,” a daylong conference that capped a year of scholarly programs and initiatives at Harvard inspired and/or led by indigenous peoples. The 2018 symposium “Who Belongs? Global Citizenship and Gender in the 21st Century,” and 2019’s “Unsettled Citizens” were part of a two-year thematic focus on citizenship timed to coincide with the centennial of the 19th Amendment, which gave women the right to vote, and the 150th anniversary of the 14th Amendment that granted citizenship to anyone born or naturalized in the U.S.“I hope this work ignites interest in the Schlesinger among Asian American women who may not even know about the library,” said Park. “I hope they start thinking about the importance of saving our history, about the legacy of their own papers and about the Schlesinger as a home for them.”last_img read more