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Home Investors Pull Back as Rates and Prices Remain High

Appraisal Buzz

Stubbornly elevated mortgage rates and home prices are discouraging investor activity in the U.S. According to a new report from CoreLogic , while investor activity rose slightly between the second and third quarters of 2024, their market share remains below last years level25% compared to 28% in 2023. housing market.

Investors 397
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A new source of affordable housing inventory: Private seller auctions

Housing Wire

He bought it from an outside landlord who didnt have the local market knowledge or presence needed for property management. That would not be for the out-of-town investor, said Richards, who purchased the properties via Auction.com s new SmartSale program. Additionally, three of them are on the same street. Thank God for Auction.com.

Sellers 346
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Wall Street investors are the new breed of single-family landlords

Housing Wire

Purchases of single-family rental properties by investors are on the rise in Sunbelt cities like Phoenix; Austin, Texas; Las Vegas; Tampa; and Charlotte, among others, according to research by John Burns Real Estate Consulting. The post Wall Street investors are the new breed of single-family landlords appeared first on HousingWire.

Landlords 418
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Property management software: Why more Americans firing their property managers

Housing Wire

For those who think being an independent landlord is easy, congratulations youre wrong. Finding the best tenant is an uphill battle for some landlords. How can landlords simplify operations and still turn a profit? Landlords can do that themselves with the right tools. The challenges mount from the jump.

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Mom-and-pop landlords stepping in as ‘mega-investors’ retreat from single-family market

Housing Wire

Single-family home purchase demand by investors remained steady in the fourth quarter of 2022, despite a dip in iBuying and larger investor demand, according to a report released this month by CoreLogic. Broadly speaking, the market cooled for both investment buyers and owner-occupied buyers.

Investors 418
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Real estate investors have a ‘cautiously optimistic’ outlook: survey

Housing Wire

Single-family rental (SFR) investors are worried about the rising cost of home insurance, but the majority expect to buy more properties in the next year as mortgage rates cool and home-price growth subsides. That’s the conclusion from a survey of 235 single-family landlords in late June and early July.

Investors 459
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Investors bought one in six homes sold in Q2 2024: Redfin

Housing Wire

housing market may have slowed during the second quarter of the year, investors did not take their foot off the gas. The number of home purchases by investors rose 3.4% While investors are still sensitive to mortgage rate changes, they are less sensitive than consumer buyers as 69% of investors pay in cash.

Investors 468