Single family home tenants are 18 percent more likely than apartment tenants to stay in their current homes five years or longer, suggesting that demand for single family homes, the fastest growing rental category, will be more stable than multifamily demand, according to a new national opinion survey released today by Premier Property Management Group. Read More »
Investment Activity
Hedge Funds Shrink Foreclosure Discounts
Demand for foreclosures is so great and supplies are so low in some of the nation’s hottest foreclosure markets popular with investors that the price differences between REOs and full-price homes have virtually disappeared. Read More »
The Foreclosure Iceberg is Slowly Melting
Iinventories of foreclosures accumulated during the processing slowdown in the wake of the Robogate scandal are slowing shrinking, absorbed by demand so healthy that distress sales are actually rising faster on a national basis than full-priced homes. Read More »
Real Estate Investors are Bullish on the Near Term
Despite rising prices and shrinking foreclosure inventories, 65 percent of active real estate investors plan to buy as many or more residential properties in the next 12 months as they did in the past year, according to a new joint BiggerPockets.com/Memphis Invest national survey conducted by ORC International for BiggerPockets.com, the nation’s largest and most active real estate investing social network, and Memphis Invest, one of the nation’s leading providers of single-family rental real estate investment services. Read More »
Foreign Buyers are Staying Home
Rising prices, disappearing bargains and economic troubles at home are quickly thinning the ranks of foreign property buyers. Who, just a few months ago, were being hailed as a major force in Florida markets and other resort destinations. Read More »
Rising Prices Are Driving Out Investors
Investor participation in the housing market dropped sharply in July, establishing a two-month trend and showing a clear reversal of long-term growth in investor purchases of residential properties, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Read More »
Fitch Raises the Bar for Single Family Rental Securities
As interest grows in creating a marketplace to sell securitized blocks of single family rentals, similar to the securitization of mortgages, perhaps as early as this year, the authoritative ratings service Fitch Ratings today made it clear that the asset class poses some unique risks and that high investment grade ratings will be difficult to attain due to the lack of historical data and “ambitious growth strategies by regional operators”. Read More »
Rush into Real Estate Rentals Becomes a Stampede
On the same day the Census Bureau released the Q2 2012 Housing Vacancies and Homeownership report showing single family rental vacancies in the second quarter were lower than they have been since the first quarter of 2006, yet another well financed asset management company announced it will spend more than a billion buying, renting and selling distressed homes. Read More »
Single Family Rentals Ignite Management Boom
The explosion of single family rentals-houses bought by real estate investors and rented to a single tenant-is creating a new category of property management companies to serve them. Read More »
Move-in Ready Foreclosures Dry Up
Widespread shortages in housing inventories, especially in states that have experienced large price declines since 2006, are reducing the time homes for sale are spending on market, especially move-in ready foreclosures (REO) . Read More »