Just to prove that they are not quite ready for the history books, sales of foreclosures and short sales increased slightly last year. Institutions bought 7.9 percent of all homes. RealtyTrac reported that short sales and foreclosure-related sales — including both sales to third party buyers at the public foreclosure auction and sales of bank-owned properties — accounted for … Read More »
Single Family Rentals
Hedge Fund Purchases Plummeted in October
Institutional investor purchases in October were lower than a year ago and represented only 6.8 percent of all home sales in October, a sharp drop from a revised 12.1 percent in September and down from 9.7 percent in October 2012. Read More »
Boomerang Buyers Can’t Get a Loan
A growing number of the 7 million former home owners who lost their home either to foreclosure or short sales can’t shake the homeownership bug, Now that the housing sector is recovering, many of these “Boomerang Buyers” are back in the market but many are failing to get financing. Read More »
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 »
Do You Live Next Door to an SFR?
Once a lowly line item on the nation’s list of housing choices, single family rentals-once known as rental homes– today are the hottest thing going. Read More »
Nearly Half of Renters Lack Insurance
Some 46 percent of renters are uninsured even though renters are more satisfied with their insurance than homeowners, according to a new JD Powers study released today. 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 »
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 »
Hedge Funds Join the Retreat
Small investors aren’t the only ones pulling back from buying in a real estate economy where soaring prices are crimping their profits. Despite their bigger pockets, hedge funds are slowing down as well. Read More »