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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 433
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Millennials want more space in the rental market

Housing Wire

This figure does not account for additional expenses associated with homeownership, such as maintenance, repairs, taxes, and insurance. While the market for investors purchasing new homes has been slow, mom-and-pop buyers are surprisingly at the top, according to recent research by John Burns Research & Consulting. As the U.S.

Marketing 422
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Top Guaranteed Rate LO Shant Banosian joins board of Healing Realty Trust

Housing Wire

Aiming to take the company public next year, Healing Realty Trust will tap into Banosian’s network of big banks as well as investors to grow its portfolio. So we’ll look for him to leverage his relationships into access to investors. Shant has an incredible network. We have a $25 million open series A funding round right now.

Realty 350
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CFPB Examines Servicer Relationships in Times of Crisis

Appraisal Buzz

Servicers tend not to take responsibility for what CFPB calls their shoddy customer service, laying the blame on investor requirements, processing volumes, or systems issues. VA has published guidance to remind holders and servicers of assumption guidelinesand weve outlined how VA will address any failure to comply with these requirements.

Legal 387
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Knox Financial announces $10 million in Series A funding

Housing Wire

Other investors included Greycroft, Pillar VC, 2LVC, and Gaingels. Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. That’s $14.7 million of total funding to-date for Knox.

Landlords 386
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Single-family rents soar in tight housing market

Housing Wire

That’s nearly as much as it costs to deliver a newborn, on average, even with employer-provided health insurance , and quite a bit more than the $3,900 the average woman earns each month. As eviction moratoriums expire, HouseCanary predicts single-family rents will continue to increase.

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DataDigest: Office debt is stressing banks. That matters for mortgages.

Housing Wire

The rapid collapse of four regional banks that began last March shocked regulators and investors alike. Since the Federal Deposit Insurance Corporation (FDIC) insures only up $250,000, the banks’ wealthier customers panicked and demanded all of their money immediately. By the end of Feb.

Mortgage 404