The data, which examined 55 of the largest metro areas across the country to determine the best markets for single-family home investors looking at median price, average gross rental yields, year-over-year job growth, and home affordability, showed that the top investment market is Charlotte, North Carolina due to its strong job growth.
Read More »Investors Are Effectively No Longer Overpaying for Assets
Investors are effectively no longer overpaying for assets in the residential housing market, according to Auction.com EVP Rick Sharga in the company’s quarterly housing update on Thursday. But for those investors paying at or close to market value for their ...
Read More »Experts Believe Single-Family Rental Market is Here to Stay
When the panel of four experts debated whether the current single-family rental market is a "bubble" or is here to stay and the question was put to them by Tim Herriage, the lab's director, three of the four experts answered that it was here to stay. That is, three out of four experts believe that investors will be able to sustain the single-family rental market enough to avoid a housing crisis like the one in 2008.
Read More »Investors Gravitating Toward New Homes for Single-Family Rental Market
During the housing crash, big investors stocked up on thousands of foreclosed properties for single-family rentals with intentions of selling them when home prices recovered. But they didn’t.
Read More »Drop in REO Sales is Driving Continued Decline in Cash Sales Share
May 2015's cash sales share of nearly 32 percent was down by 31 percent from the peak of 46.5 percent recorded in January 2011. CoreLogic estimates that if the cash sales share continues to decline at the same rate as it did in May 2015, the cash sales share should fall back down to its pre-crisis level of 25 percent by the middle of 2017.
Read More »Ask the Economist: Recovering Home Prices Can Drive Inventory and Sales Increases
Ask the Economist is an ongoing series in which DS News talks with an economist about the most pressing issues facing the nation's housing industry and the economy. This installment features Peter Muoio, Chief Economist with Auction.com.
Read More »Builders Plan to Build More Detached Homes for Single-Family Rentals
That number of 12.7 million detached homes currently in the single-family rental market comprises about 29 percent of the demand for rentals nationwide (out of 44.3 million), according to Burns.
Read More »Investors Prefer Flipping Over Hold-to-Rent Strategy for Third Straight Quarter
According to the report, investors bidding at live events are more likely to flip the properties they purchase based on survey responses collected in the second quarter of 2015. Respondents noted a preference toward flipping over holding to rent in every state where Auction.com conducted live events.
Read More »Single-Family Built-for-Rent Market Higher than Historical Average, but Still Below Peak
The market share for built-for-rent homes increased following the financial crisis of 2008, despite a share higher than the historical average in Q1, the total numbers overall are low. This particular measure includes only single-family homes that are built and rented out; it does not include homes that are sold to another party to rent.
Read More »Investors Continue to Favor Flipping Over Renting by Narrowing Margin
Overall investor intent in April's survey showed that slightly more than half (50.4 percent) of investors preferred flipping as a strategy, while 48.3 percent of investors said they intended to employ a hold-to-rent strategy. This data compared with 53.5 percent and 44.8 percent, respectively, in Q1. "Most of the country and most investor segments performed in a manner very consistent with what we’ve seen over the past year, but investment strategies in Texas appear to have shifted pretty dramatically," Auction.com EVP Rick Sharga said.
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