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DataDigest: Will work for housing

Housing Wire

That’s a problem when a typical Colorado home – as defined by Zillow ‘s Home Value Index – costs more than $528,000. When teachers can’t afford to buy homes, school districts can’t hire teachers. So who is solving housing affordability for these workers?

Landlords 488
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Investors bought one in six homes sold in Q2 2024: Redfin

Housing Wire

home purchases fell 1.9% during the same period, which Redfin attributed to elevated mortgage rates and home prices. While investors are still sensitive to mortgage rate changes, they are less sensitive than consumer buyers as 69% of investors pay in cash. In comparison, total U.S. metro areas going back to 2000.

Investors 468
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Single-family rental market slammed by headwinds

Housing Wire

The nation’s single-family investment-property sector and the lenders serving those borrowers face some major challenges in 2023 as rent growth is slipping, vacancy rates growing, home-value growth faltering, and a possible recession looms. . That includes rentals owned by so-called mom-and-pop landlords — with 10 or fewer properties.

Marketing 448
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Rich men, poor men, and the infinite housing crisis

Housing Wire

If other families’ salaries do not grow at the same rate, the rising property values will outpace their wages, creating a gap between families and nearby homes. But they cap how much an investor-lender can benefit from increasing home value. Today’s income and property distributions echo in that pit.

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Comparing the Costs of Buying a Home vs. Renting in 2024

Eppraisal

has provided some relief to potential buyers. Home Prices : Home prices have moderated in many areas, making it a potential buyer's market in some regions. However, in high-demand areas, prices may remain elevated, making it crucial for buyers to assess their financial capabilities.

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Mom-and-pop investors are fueling the PLS market 

Housing Wire

In addition, there has been increased activity in the separate category of investor-loans for rental properties — essentially “mom and pop” landlord properties. “We If higher mortgage rates dampen consumer demand, this lessens the competition investors face for home purchases.”. “We’ll continue to watch this trend as it develops.”.

Investors 370
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Various Shades of Buyer Representation

Eppraisal

When interviewing for a real estate agent to help you purchase a home, be sure to ask them what type of buyer representation they are going to provide to you. There are multiple types of buyer representation with differences in what they entail. Many states allow this type of dual buyer representation.

Buyers 36