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Institutional investors in single-family rental (SFR) houses cause rents in a neighborhood to increase quickly, but their entrance into a neighborhood doesn’t cause gentrification. That’s the conclusion from a working paper released Tuesday by the Federal Reserve Bank of Philadelphia. The paper examined the impact of an SFR company entering…
Continue reading →Again, for the fourth straight month, the median price of a single-family home in New Hampshire reached new heights in June. This time to $538,000. It’s been a successive historic climb since March, when it reached $495,950. Then it went to $515,000 in April, then $525,000 in May, then $538,000…
Continue reading →Residential sale-leaseback platform EasyKnock continues to face scrutiny from state regulators and is now under fire from disgruntled consumers. As of early July, the firm was facing consumer lawsuits in Texas, Maryland, South Carolina, Pennsylvania and Ohio, and actions from state regulators in Massachusetts, Michigan and Connecticut. The increased interest…
Continue reading →Nominations for the 2024 HousingWire Vanguards award are open throughout the month of July. To celebrate the industry’s most prestigious award for c-suite execs in mortgage and real estate, HousingWire reached out to some of last year’s honorees to hear more about their current priorities and asked the question: What…
Continue reading →I am always amazed at the things people do to make a good living. I mean this in the most open and generous way: My own skill set is limited — as is my imagination — so when I meet people who do things far afield of what I do, I…
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