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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 356
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Financing proves an obstacle for ADUs

Housing Wire

Specifically, there is a high cost in constructing accessory dwelling units – or ADUs – which are secondary residences on a land parcel zoned for single-family housing. Homeowners constructing an ADU – whose total build costs run over $150,000, according to the report – use cash out refinances, home equity loans, and renovation loans.

Finance 368
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WA governor signs series of bills to address housing issues

Housing Wire

Another allows for easier accessory dwelling unit (ADU) permitting and construction within the state. The governor also signed House Bill 1074 into law, which requires landlords in the state to show documentation of damages when they withhold part of a renter’s security deposit after the tenant moves out. Democratic Sen.

Landlords 287
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Knox Financial announces $10 million in Series A funding

Housing Wire

Knox automates and oversees a property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking, and bill pay. “Its full-service, tech-enabled platform has clearly resonated with first-time investment property owners and career landlords alike,” Hower said. Knox has shown people across the U.S.

Landlords 372
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Opinion: Why agents are more essential than ever

Housing Wire

The Biden administration has pushed for a potential national-level rent control initiative while cities such as New York are particularly in the spotlight as landlords are pushing the Supreme Court to kill rent stabilization. Rent control benefits some tenants with access to controlled rates, primarily older and long-term residents.

Agents 391
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Warehouse Space in Columbus, Ohio: 17 Actionable Steps to Find, Lease & Organize Your Next Hub

The Robert Weiler Company

Almost one-third of new warehouse space for lease is snatched up before the construction project is complete. Renters are outpacing the construction of industrial units and warehouses. Ask your current landlord. What landlord will turn down money in advance? One way to make this happen is with rent pre-payment.

Landlords 144
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5 trends that will reshape the real estate market in 2024

Housing Wire

The technology likely to have the biggest impact in 2024 Data-driven property management : Real-time insights into property performance optimize rents, maintenance schedules and tenant satisfaction. The current absence of rental listings on most MLSs has significant repercussions, resulting in financial losses for both agents and tenants.