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News Updates

Poplar Homes Acquires Venture REI’s Single-Family Property Management Business

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Acquisition adds more than 150 homes to Poplar’s growing management portfolio, marks company’s entry into Arizona Poplar Homes, the tech-enabled property management company changing the way independent single-family rental investors and multifamily owners manage their rental properties, today announced it has acquired Venture REI’s single-family for rent property management portfolio. The acquisition marks Poplar’s entry into Arizona and adds 152 homes in Scottsdale to the company’s property management portfolio as part of its national expansion.

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Setpoint Announces Acquisition of Resolute Diligence Solutions, Strengthening Technology Platform For Asset Backed Lending

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Transaction brings together two of the fastest growing tech firms in the asset-backed lending ecosystem, advances shared vision of building next-gen lending infrastructure Setpoint announces the acquisition of Resolute Diligence Solutions, an industry leading due diligence provider focused on Single Family Rental (SFR) and Residential Transition Loans (RTL). Third party due diligence is the trust builder in lending transactions – ensuring each deed, title, or lease is verified and reported

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NMHC Delivers Guide for Advancing Housing Equity and Opportunity in the Multifamily Industry

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The National Multifamily Housing Council (NMHC), working with Enterprise Community Partners, has released a groundbreaking new resource for apartment firms, policymakers, community advocates and the public to explore ways that multifamily housing can be an even greater catalyst for creating more equitable communities and improving economic resilience for the residents we serve. Opening Doors of Opportunity: A Guide for Advancing Housing Equity in the Multifamily Industry provides ideas, tools and

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HOME-MORTGAGE LENDING ACROSS U.S. FALLS TO MORE THAN 20-YEAR LOW IN FIRST QUARTER

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Total Residential Loans Drop Another 19 Percent Quarterly to Lowest Point Since 2000;Refinance and Purchase Lending Decline Nearly 20 Percent Quarterly, With Refinancing Down 85 Percent Annually;Home-Equity Lending Decreases for Second Straight Quarter ATTOM, a leading curator of land, property, and real estate data, released its first-quarter 2023 U.S. Residential Property Mortgage Origination Report, which shows that just 1.25 million mortgages secured by residential property (1 to 4 units) were originated

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RENTAL RATE INCREASES TRAIL CPI AND WAGE GROWTH IN FIRST QUARTER OF 2023

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Rental costs, a key component of the CPI, suggest further cooling in future inflation numbers The rate of monthly rental price increases for both single family rental properties and multifamily rental units trailed the consumer price index (CPI) and wage growth in the first quarter of 2023, according to data compiled by Beekin and analyzed by CJ Patrick Company. While the CPI rose 5.8% from Q1 2022 to Q1 2023,

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32 PERCENT OF DISTRESSED PROPERTY BUYERS EXPECT HOME PRICES TO DECLINE IN 2023

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Buyers still aggressive on acquisitions but shifting toward hold-for-rent strategy 77 percent of buyers are local community developers, owner-occupants doubled Auction.com, the nation’s leading distressed real estate marketplace, released its 2023 Buyer Insights report, which shows nearly one-third (32 percent) of buyers surveyed expect home prices to decline in their local housing market in 2023, nearly double the 17 percent who expected home prices to decline in 2022. Buyer Insights

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