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Homebuyer assistance programs rose to nearly 2,300 in 2023

Housing Wire

Among the nearly 2,300 homebuyer assistance programs available last year, 804 were designed to assist with the purchase of a manufactured home — up 20% from the previous year, according to the report.

Landlords 479
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Opinion: Stop subsidizing Wall Street buying up homes

Housing Wire

But recently a new factor is accelerating the problem — massive purchases of single-family homes by larger investors. In Texas, for example, major institutional investors bought 28% of the single-family homes sold in 2021. Nationally, institutional investors are buying over 13% of homes, and that share is increasing.

Investors 398
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Why it’s time for the housing industry to get serious about climate risk

Housing Wire

These losses – both insured and uninsured – have traditionally been borne by homeowners, renters, landlords, builders, and property & casualty insurance companies. And the Federal Reserve has asked the nation’s six largest banks to participate in a climate scenario analysis designed to measure and manage climate-related financial risks.

Insurance 354
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The role of consumer transaction data in increasing homeownership access

Housing Wire

In this way, natural language processing is designed to find the truth — truth based on actual bank data — rather than support longstanding human biases that limit homeownership for minority borrowers. This not only slows the underwriting process but also adds another layer of risk, as data requested from landlords can be unreliable.

Landlords 423
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SFR, fix-and-flip sectors are in a ‘bit of a malaise’

Housing Wire

Still, even in this difficult-to-agonizing supply-challenged housing market, SFR and fix-and-flip investors, which both target existing-home inventory, are still finding ways to make a profit — at a thin margin in most cases, but a profit, nonetheless. That’s particularly true for mom-and-pop investors across both market segments.

Investors 361
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The Fed pauses its rate hikes for now, will it last?

Housing Wire

Most investors are already wondering what it would take for the central bank to lift rates again later this year. of these investors bet officials will freeze the rate hike at the November 1st meeting. Raising interest rates is designed to tackle those still-high prices outside of the volatile food and energy sectors.

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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

Today, Cleveland Appraisal Blog shares a few tips for first-time investors. This should include repairing any structural damage or major systems before you think about design. Are You Cut Out to Be a Landlord? Money Under 30 explains that there are many responsibilities and time obligations that go along with being a landlord.

Investing 332