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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. million registered users.

Sellers 365
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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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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

While home prices have started to inch down, more inventory is needed for a balanced housing market, the Federal Reserve Beige Book said. In other markets, including the Cleveland district, low inventory levels hindered home prices from dropping further. Landlord concessions have also somewhat increased.

Inventory 448
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Mom-and-pop investors are fueling the PLS market 

Housing Wire

If you were to take an inventory of deals which came out, a majority of the deals have been investor [investment property] … deals, and the prime jumbo deals have been very far and few in between.”. in 2021 were bought by institutional investors,” Lind said. “In in 2021 were bought by institutional investors,” Lind said. “So,

Investors 370
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Opinion: Stop subsidizing Wall Street buying up homes

Housing Wire

But recently a new factor is accelerating the problem — massive purchases of single-family homes by larger investors. In Texas, for example, major institutional investors bought 28% of the single-family homes sold in 2021. Nationally, institutional investors are buying over 13% of homes, and that share is increasing.

Investors 435
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Through the eyes of the single-family rental lobby

Housing Wire

In assessing blame for a high-demand, low inventory housing market, one finger is pointed at companies that purchase single-family homes as an investment. Selling out: America’s local landlords. Moving in: Big investors,” reads a Reuter’s headline from this July. “A rentals are owned by investors who own 10 or fewer properties.

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

Housing Wire

The single-family rental (SFR) sector and its close cousin, the fix-and-flip market , are now essentially treading water in an environment of high interest rates , approaching 8%; high home prices; and a dearth of home-purchase inventory. That’s particularly true for mom-and-pop investors across both market segments.

Investors 448