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Single-Family Rents Climb to Record High

Appraisal Buzz

While builders response has kept multifamily rent growth steady for several months and stubbornly high mortgage rates are limiting buyer demand and home value increases, detached single-family home rentals are still rising at an accelerating rate. In the meantime, owned home value growth has leveled out at 2.6%

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

Housing Wire

It then plunged nearly 50% in 2023 due to declining rents and home values in some markets. Although demand for rentals remains strong, rent prices have shown slow growth due to a bevy of new apartments hitting the market, creating competition for tenants.

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How Has the Pandemic Changed the Housing Market? 

Appraisal Buzz

Since then, the number of $1 million homes has more than doubled, home values and rents have risen to all-time highs, and buyers preferences and methods for looking for a home have changedpossibly irreversibly. While the financial hurdle is higher, the home-shopping process has improved. With home prices rising 40.3%

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Institutional SFR players are stuck in the doldrums

Housing Wire

“The vast majority of IH’s renovations required permits — including for demolishing and constructing sections of single-family homes, installing and demolishing pools, and significantly altering the electrical work— but permits were not obtained,” court pleadings allege. billion [due to increased home values]. “…The

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What to Expect from the Real Estate Market This Winter

Eppraisal

Home Prices Yes, home values will continue to rise against other economic pressures, according to an estimation reported by Fannie Mae. " Housing Inventory Is Fannie Mae correct about the supply of sell-able homes in late 2021 and 2022? Needless to say, the commercial market never exists in a vacuum.

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Purchasing an Income Property

D Fritz Appraisals

Using your existing home’s equity, or increased value, to purchase an income property is something financial advisor and mortgage brokers advise all the time in order to help homeowners get ahead and secure financial freedom into their retirement years. See: Home Appraisals vs Online Home Value Calculators.

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The Pros and Cons of Renting Out Your Mother-in-Law Apartment

Zillow

If the home has multiple bathrooms and kitchens, a retrofit can be as simple as blocking off a staircase. Otherwise, you’ll need to add basic amenities in order to rent to tenants. While this construction may seem expensive, it can pay for itself in as little as a year or two.

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