article thumbnail

Rent growth shows little fluctuation in January: Redfin

Housing Wire

As landlords grapple with higher vacancy rates, they don’t have the leverage necessary to command high rent prices. In 2022, rent growth rates spanned a much wider spectrum of 4.8% Additionally, some landlords are still offering one-time price incentives to attract renters. to 17.7%, Redfin reported.

Landlords 423
article thumbnail

Opinion: The hidden opportunities of high mortgage rates

Housing Wire

A couple of weeks ago, mortgage rates soared to a new 2023 high, reaching over 7% on a 30-year fixed-rate loan for the first time since November 2022. Many real estate agents may shy away from working with landlords and renters. Helping a landlord or renter can create loyalty and a lifelong client. from a year ago.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Landlord Lowdown: 2022 Market Questions Answered from 4 Expert Perspectives

BiggerPockets

You may already be a landlord, or you might still be searching for your first rental property. How should you go about finding a winner? What’s the best real estate […].

article thumbnail

Landlord Tax Loopholes That’ll Help You Pay ZERO Taxes in 2022

BiggerPockets

It always seems like the wealthiest landlords, apartment owners, or short-term rental hosts walk away with not only massive income but little-to-no tax bills […]. Non-investors hate real estate tax loopholes.

article thumbnail

Divvy Homes conducts third round of layoffs 

Housing Wire

Divvy Homes conducted an unknown number of layoffs in February and laid about 40 employees or 12% of its staff in September 2022. Fast Company reported in October 2022 that Divvy Homes charged higher rents than other landlords in some of its 19 markets, citing court cases and interviews with renters.

Valuation 392
article thumbnail

Winding Down COVID-19 Relief Programs for Landlords and Tenants

Eppraisal

Centers for Disease Control (CDC) issued a moratorium on all evictions by landlords of renters for non-payment. How Did Landlords Fare during the Moratorium? Because of these measures, only seven percent of landlords nationwide missed making their mortgage payments. Were There Programs to Help Building Owners during Moratoriums?

article thumbnail

EPM doubles down on wholesale channel, reduces retail footprint

Housing Wire

Meanwhile, with competitive pricing, United Wholesale Mortgage (UWM) reached an estimated 54% market share at the end of 2022. ” Inside Mortgage Finance (IMF) shows the wholesale channel was responsible for 15% of the first-lien mortgage originations in 2022, compared to the lowest level of 9.8% in 2014. . each month.

Retail 370