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DataDigest: New data shows how brokerages, agents, landlords & homebuilders were reshaped by the pandemic

Housing Wire

Business Dynamic Statistics data reveal that 2021 was a year of major growth for homebuilders but steep contraction for landlords (called “lessors” in the BDS). Lessors The picture was far less rosy for real estate lessors (typically landlords and real estate investment trusts ) in 2021.

Landlords 354
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EasyKnock under fire for “deceptive” sale-leaseback practices in Massachusetts

Housing Wire

In addition, her office alleges that EasyKnock violated some of Massachusetts’ landlord-tenant laws. “I Some of these changes include lowering rents for some existing tenants and complying with state landlord-tenant laws. Under the terms of the settlement EasyKnock must comply with all landlord-tenant laws.

Tenants 286
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Trump administration bans most evictions through December, but there’s a catch

Housing Wire

The order , made public by the Centers for Disease Control on Tuesday, will prevent landlords from evicting most tenants across the United States effective Sept. ” The National Multifamily Housing Council , the nation’s largest landlord lobby, expressed opposition to the order.

Tenants 543
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Fannie Mae clarifies ARM interest rate, ups cash-out refi term on manufactured homes

Housing Wire

Fannie Mae added three new sources to its standards for “acceptable housing payments,” including rent fees paid to a landlord or property management company; privately held mortgage payments not reported to the credit bureaus, including “contract for deed payments and other similar arrangements,” as long as the payments are tied to the borrower’s residence; (..)

Retail 373
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There’s no sign of the typical fall slowdown in home buying

Housing Wire

One-third of homes that went under contract had an accepted offer within one week of hitting the market, a new report from Redfin found. In addition, the number of homes that went under contract within two weeks of listing rose to 46% from 42% during the same period in 2020. points from a month earlier.

Contracts 397
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EPM doubles down on wholesale channel, reduces retail footprint

Housing Wire

EPM filed a counterclaim against JIM for breaching the sponsorship contract by changing the car’s driver starting May 2022. The landlord claims that as of March 6, EPM owed rent and other charges totaling $29,731.16, and rent accrues $8,187.79 TGT is holding a security deposit of $9,135.49. each month.

Retail 362
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Single-family rental market slammed by headwinds

Housing Wire

That market contraction, along with a more difficult inflationary operating environment for property owners and businesses generally, is also expected to be a drag on the potential volume of loan originations secured by single-family rental properties. by the end of 2023,” the MBA’s December market-forecast report states.

Marketing 399