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Opinion: Many mission-based landlords are at a breaking point

Housing Wire

While renters clearly suffer most from the lack of affordable housing, the crisis has taken a toll on property owners too. The pandemic hangover, which has left many tenants straining to make rent, translates to lower rent collections, and in turn less cash flow, for owners. Rising operating costs add to the pressure.

Landlords 340
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Investors bought one in six homes sold in Q2 2024: Redfin

Housing Wire

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. Condos and co-ops accounted for 19.4%, followed by townhouses (6.5%) and multifamily properties (4.7%).

Investors 433
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Opinion: More financing options for ADUs are needed

Housing Wire

A recent survey by Villa noted that some ~60% of rental tenants said that living in an ADU has allowed them to live in a neighborhood they would not otherwise be able to afford — that’s a big deal. For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments.

Finance 459
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Dan Gilbert makes $500M investment in Detroit

Housing Wire

Initially, Gilbert’s family foundation will completely eliminate the property tax debt owed by about 20,000 low-income homeowners in the city of Detroit. Gilbert has purchased and developed more than 100 Detroit properties, rehabbing and tenanting the buildings. He donated $16 million to the university in 2016.

Investing 369
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Housing Hurdles for Older Homeowners 

Appraisal Buzz

Over 30% of the income of over 10 million senior tenants was spent on housing. High property taxes are another factor at work, as 55% of respondents cite them as a cause for moving. Only 36.5% of eligible households received government housing aid in 2021, while 11.2 address the issue of aging in place.

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Pros and cons of buying out-of-state rental property in 2022

Housing Wire

How will you take care of the property or find tenants? You want to invest in an area with a higher demand for rental properties. Some areas have lower property taxes and expenses than others. You found a property you love and may want to retire to one day but will rent in the meantime. Rental Demand.

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Is time the enemy of equity for chronically distressed homeowners?

Housing Wire

That’s because the unpaid loan balance continues to grow for delinquent mortgages due to unpaid interest, property taxes and insurance. While the average value of the 80,000 properties analyzed increased 3% between the first and last scheduled foreclosure auction date, the average unpaid loan balance increased by 6 percent.