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The U.S. Real Estate Boom: Top Cities Leading 50 Years of Development

Appraisal Buzz

One key finding is that self-storage has seen a 91% increase in inventory since the 1980s. Industrial and Self-Storage Boom The industrial sector has added an average of 516 million square feet annually in the 2020s, a reflection of the growing need for logistics hubs to support the rise of e-commerce.

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Offerpad says it’s cracking the iBuyer code

Housing Wire

billion in unsold inventory , the grave dancers appeared almost instantly. “What I keep saying – and I’ve tried to shout this from the rooftops for years – is that it comes down to execution and operations and logistics. This is as much a logistics business as much as it is a real estate technology company.

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Affordability boosts Indianapolis housing market 

Housing Wire

According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The top three spots in the ranking were Buffalo, New York, and Cincinnati and Columbus, Ohio. The real estate market As of Jan.

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Offerpad lands $600M more in credit to power iBuying

Housing Wire

The new facilities are revolving, and we borrow only what we use to add inventory, where we continue to apply our disciplined approach to underwriting homes,” a spokesperson said. “In Still, the company asserted the loans are not a risk but a “positive outcome that positions us well for the coming year.”.

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Appraisers raise alarm on AMC revenue-sharing models

Housing Wire

These organizations were intended to function as a mortgage industry firewall in the aftermath of the 2008 financial crisis, acting as middlemen between lenders and appraisers and overseeing the logistics of property appraisal processes. Appraisers , however, feel AMCs put pressure on the market by taking a increasing cut of appraisal fees.

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Opportunities to improve the home-building process

Housing Wire

The build process was a logistical nightmare from start to finish. So many times I wondered to myself, “Why are site logistics and materials managed by someone in a truck writing on a notepad?” “Why I know that’s not the case for most people. There are tons of overlapping components to understand. Why are costs so unpredictable?”

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Institutional investors now balk at buying homes in this market niche

Housing Wire

Institutional real estate investors — often mammoth operators with ties to Wall Street — gobbled up record amounts of inventory in almost every corner of the pandemic-induced fever dream that was the 2021 housing market, with one notable exception: distressed properties sold at foreclosure auction.

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