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How to price homes properly in a volatile housing market

Housing Wire

We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If The performance gap between foreclosure sale dispositions and retail REO sale dispositions widened to 40 points in the downshifting 2022 market.

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These housing markets are most likely to correct based on foreclosure buyer behavior

Housing Wire

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. The first quarter numbers reflect a pandemic-fueled housing fever dream that impacted the distressed housing marketplace as much as it did the retail housing marketplace.

Buyers 426
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The share of owner-occupants buying foreclosures has doubled — here’s why

Housing Wire

The increasing share of owner-occupant buyers is also evidence that extremely tight housing inventory is prompting more retail buyers to take on the additional challenges that come with buying a distressed property at auction. They are able to pay with cash, take on bigger renovations and provide current occupants with a graceful exit.

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Proprietary Capital completes acquisition of AFR, hires new COO

Housing Wire

A group of investors led by Colorado-based fund manager Proprietary Capital has completed the acquisition of multichannel lender American Financial Resources (AFR), the parties announced on Monday. The financials of the deal were not disclosed.

Lending 360
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Atlas, DivcoWest prepare $1B single-family rental venture

Housing Wire

Atlas Real Estate and DivcoWest declared last week that they will spend $1 billion “acquiring and renovating homes in high-growth states including Colorado, Arizona, Idaho, Nevada, and Utah,” according to a press release. billion equity infusion from investors including Centerbridge and Allianz Real Estate.

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Finance of America to go public before IPO window closes

Housing Wire

The lender, which is controlled by the Blackstone Group and operates through retail, wholesale and correspondent channels, will begin trading Monday following the completion of its merger with blank-check company Replay Acquisition Corp. The valuation at the time of the IPO is expected to be $1.9

Finance 280
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How LOs are dealing with a mortgage rate lockdown

Housing Wire

Business is at a “dead stop,” said a retail loan officer in Michigan. While some LOs plan on moving to the broker channel for higher margins or exiting the industry, those planning to stay in the retail business are offering more loan products or getting licenses in other states to cast a wider net for borrowers.

Mortgage 383