A Three-Step Approach: Property, Leverage and Management By Noel Christopher The housing market is at an all-time high with home prices and rental prices surging. With skyrocketing demand for property – both to rent and to buy, pressure is being felt in tertiary markets, not just urban hotspots. Is now a good time to buy property? Here is what you should know if you are thinking about getting started with
Read MoreUp to 1,000 new, single-family rental homes targeted for development, management yearly Leveraging collective expertise in land acquisition, development, lease-up and property management, SVN | SFR Capital Management (“SVN | SFR”), a private commercial real estate investment firm dedicated to the single-family Build-for-Rent (“BFR”) housing sector, and Coronado West announced a joint venture to invest in, build and operate a portfolio of approx. 1,000-1,500 new, single-family rental homes per year. In total, the partnership
Read MoreZombie Foreclosures Comprise Only One of Every 13,300 Residential Properties in U.S. Number of Zombie Properties Slips 1 Percent Across Nation in Fourth Quarter of 2021 Counts Likely to Rise Following Recent End of National Foreclosure Moratorium ATTOM, curator of the nation’s premier property database, released its fourth-quarter 2021 Vacant Property and Zombie Foreclosure Report, showing that 1.3 million (1,312,410) residential properties in the United States sit vacant. That represents
Read MoreAn estimated 0.83% of all mortgage applications contained fraud, about 1 in 120 applications Investment properties accounted for the highest-risk applications CoreLogic, a leading global property information, analytics and data-enabled solutions provider, released its latest Mortgage Fraud Report. The report shows a 37.2% year-over-year increase in fraud risk at the end of the second quarter of 2021, as measured by the CoreLogic Mortgage Application Fraud Risk Index. The significant increase for
Read MoreCompany Combines Proprietary Processes and Technology to Rapidly Consolidate and Optimize Single-Family Residential Property Management Across the U.S. PURE Property Management reached 10,000 single-family residential (SFR) doors under management in its first year of operation. PURE has grown to over 100 employees, more than 1,000 years of combined experience, is profitable, and is accelerating its growth. “We completed 20 acquisitions so far this year, and we’re just getting started,” said Michael Catalano,
Read MoreInvestors Account for Fifteen Percent of Residential Property Purchases Investor purchases accounted for 15.4% of all home purchases nationally in Q2 2021 compared with 11.5% in Q2 2020 – a year-over-year increase of 3.9 percentage points – according to a new report released from RealtyTrac. In addition to the annual increase in investor purchase activity, the Fall 2021 RealtyTrac Investor Purchase Report shows that investors are typically paying less for homes than consumer
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