Real Estate Quiz

Here is a little end of the year fun quiz:

1. What were typical residential mortgage terms before the creation of the Federal Housing Administration(FHA) and the Federal National Mortgage Association(Fannie Mae) in the 1930’s?
2. What foreign country’s investors are buying the most U.S. commercial real estate?
3. What U.S. city has the lowest rate of apartment vacancy?
4. Which commercial real estate approach is not recommended in 2018?

Answers:

1. 50% down with a 10 year payoff.
2. Canada – 30%.
3. New York – 1.9%.
4. Bet on property price appreciation.

Source: Jane Hodges, Wall Street Journal, December 4, 2017.