Blackstone began marketing the first-ever US home-rental asset-backed security on Wednesday, with some 300 potential investors expected in New York to peruse the nearly $480 million deal. Read More »
Opportunities
Investors Have Doubled Purchases Over 2012
Though most observers forecast rising home prices would drive investors out of the market for single family rentals, that fact is that to date investors have purchased more homes than they did in all of 2012 or 2011. Read More »
Price Hikes Help High-End Flippers
Recovering prices helped short-term flippers earn an average gross profit of $54,927 on single family home flips in the third quarter, up 12 percent from a year ago. Read More »
Foreclosure Starts Rise in 11 States
Thought foreclosures were dead? Not quite. Hallowe’en must be coming because foreclosure filings rose 2 percent in September and new foreclosures are rising from the grave in 11 states. Read More »
Shadow Inventory is a Shadow of Itself
The shadow inventory-the number of homes in the foreclosure pipeline–is down 33 percent from a year ago and now is at its lowest level since August 2008, at least one year before the notion of a foreclosure shadow inventory was recognized. Read More »
Big Investors Bought One of Every Ten Homes Sold in August
Institutional investors accounted for 10 percent of all sales in August, up from 9 percent in July and 9 percent in August 2012, reported RealtyTrac in its monthly foreclosure report released Thursday, September 26. Read More »
Undervalued Investment Markets Won’t Last Long
That’s how Ingo Winzer, president and founder of Local Market Monitor, sees the future of rental markets for investors, but “investing in rental properties will be an attractive proposition for many years because of the increasing numbers of people who can’t afford to be homeowners.” Read More »
Vacation Rental Rates Rose 19 Percent this Summer
Vacation property rentals outpaced hotels this summer as owners enjoyed strong bookings that were as good as or better than last year. Read More »
Ugly Houses Boom as Foreclosures Dwindle
While declining numbers of foreclosures are slowing down most investors, the leading homes-for-cash company is expanding into new territories. Read More »