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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. New marketplace for motivated sellers That is good news for sellers like Ricardo Sims, the out-of-state landlord who sold the Montgomery properties to Richards via SmartSale. million registered users.

Sellers 349
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HUD Streamlines Affordable Housing Regulations

Appraisal Buzz

For more than 30 years, HOME has provided funding to build new homes, assist home buyers, and provide rental assistance. These new rules build on HUDs commitment to reducing the red tape and making programs easier to use, said the Honorable Adrianne Todman, HUD Agency Head. million homes have been completed through HOME funding.

Tenants 349
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DataDigest: Will work for housing

Housing Wire

As a result, districts across the country, including in Colorado , have decided to partner with – or even become – homebuilders and landlords. million over that period to acquire 52 units and renovate several of its 50 existing units. When teachers can’t afford to buy homes, school districts can’t hire teachers.

Landlords 488
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Need to sell your house fast? Here are 7 great options

Housing Wire

Today, homes are selling faster than usual because of the shortage of inventory and high buyer demand. If your house is priced too high, it will turn buyers off, but if it’s too low, people may wonder what’s wrong with it. You don’t sell your home to the wholesaler; the contract gets transferred to a buyer the wholesaler finds for you.

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Opinion: Investors play key role in providing affordable housing options

Housing Wire

Yes, there are some government programs that provide construction components on permanent loans, but they are not ideal for inexperienced home buyers. of all flipped homes in Q3 2021 went to FHA buyers. The same holds true for the investors that are renovating homes and reselling them. Here’s one data point for you.

Investors 435
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SFR, fix-and-flip sectors are in a ‘bit of a malaise’

Housing Wire

Fix-and-flip investors — who tend to be smaller entrepreneurial players — acquire, renovate and then sell existing single-family homes — and, in some cases, hold them for rent for a time, depending on market conditions. I think you’ve got the independents [or mom-and-pops] taking the market share back. …

Investors 448
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A recap of gen AI use cases at FHFA’s 2024 TechSprint

Housing Wire

The renter is presented with results they are prequalified for that fit their criteria and the app connects them with landlords/property managers. The app would pull a credit report, do a background check and preapprove a tenant at certain price points so the renter knows what monthly payment they can afford.

Tools 360