Where Real Estate Investors & Landlords Go for Success

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 […]