Where Real Estate Investors & Landlords Go for Success

Investors Bought a Record 18% of Homes Sold in Q3

November 23rd, 2021

Investors Bought a Record 18% of Homes Sold in Q3 According to a recent report from Redfin, real estate investors bought a record 18.2% of the U.S. homes purchased during Q3, 2021. This figure is up 2.1% from Q2 and up 7% from one year ago. As for numbers, in Q3 alone investors bought a […]

Building and Renting Single-Family Homes Is Top-Performing Investment

November 23rd, 2021

Building and Renting Single-Family Homes Is Top-Performing Investment A recent Wall Street Journal story says single-family homes that were built to rent are emerging as the hottest corner of the U.S. property market. The report suggests that steep down payment requirements are causing people to stay on as renters, even as those rents are rising […]

Rent Growth Being Driven by Ongoing Surge

November 16th, 2021

Rent Growth Being Driven by Ongoing Surge According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in October increased $23 to $1,572 (13.7% year-over-year). Yardi says the growth is driven by an ongoing surge in demand that started in the spring and has yet to subside. “But 2021 is not a […]

Home Seller Profits on the Rise Across the Country

November 16th, 2021

Home Seller Profits on the Rise Across the Country According to ATTOM Data’s Q3 2021 U.S. Home Sales Report, profit margins on median-priced single-family home and condo sales jumped to 47.6 percent – which they say is the highest level in 10 years. The report says that the typical home sale across the country during […]

One-Third of Homes Sold Were Under Contract in a Week

November 9th, 2021

One-Third of Homes Sold Were Under Contract in a Week A recent report from Redfin says that as of late October, a third of homes sold went under contract within seven days of hitting the market – and they say that rate has been in the rise for 6+ weeks. In addition they point out […]

Zillow Shuts Down its Offers Business

November 9th, 2021

Zillow Shuts Down its Offers Business Zillow is planning to sell about 7k homes as it seeks to recover from what Bloomberg called a “fumble in its high-tech home-flipping business.” Now fast-forward a few days and we learn that Zillow has decided to pull the plug on its Zillow Offers, making the the following statement […]

Barely 20% of Rental Assistance Funds have Been Distributed by the Feds

November 2nd, 2021

Barely 20% of Rental Assistance Funds have Been Distributed by the Feds It seems like yesterday, but a couple months ago we posted about the Treasury Department patting itself on the back for spending $1.5 billion in rental assistance out of the nearly $46 billion allocated. Now, fast-forward to October and we learn that only […]

Foreclosure Starts Reverse Course in September

November 2nd, 2021

Foreclosure Starts Reverse Course in September According to Black Knight’s “first look” report for September, 2021, the national delinquency rate on first lien mortgages fell slightly to 3.91% in September, the first time it’s been below 4% in 18 months. However, Black Knight points out that nearly 400k mortgage holders exited forbearance plans in the […]

Mortgage Payments Rose Faster Than Rents for the 8th Consecutive Month

October 26th, 2021

Mortgage Payments Rose Faster Than Rents for the 8th Consecutive Month A new report from Redfin says mortgage payments rose faster than rents for the 8th consecutive month in September. They say average monthly rents increased 11% nationwide over the past year- the highest growth rate in at least 2 years. However. the national median […]

Share of New Homes With 4+ Bedrooms Increased in 2020

October 26th, 2021

Share of New Homes With 4+ Bedrooms Increased in 2020 According to recent data from the U.S. Census Bureau’s 2020 Survey of Construction (crunched by the NAHB’s Eye on Housing), says that the number of bedrooms in new single-family homes showed a sharp upswing in the percentage of new homes started with 4 or more […]