The Key to Reducing Post-Refi Boom Borrower Churn

In this webinar, PRMG Chief Lending Officer Kevin Peranio will help attendees sort through the right technologies as he shares the tech investments that have had the biggest impact on his business.

Tracey Velt breaks down the latest RealTrends 500 rankings

During the episode, Velt highlights which brokerages achieved top rankings in both categories for 2020, and shares what stood out to her the most about the rankings.

Navigating Closing Struggles in 2021’s Purchase Market

Join this webinar to discover the most current information on hybrid and full eNote eClosings and discuss key criteria to successfully implementing your eClosing strategy.

About 7M refi candidates missed the “forever rate” boat

Rates jumped to 3.17% last week and Black Knight reported that there are now just 11.1 million “high quality” refi candidates. The smallest number of potential refi candidates in a year.


Here are the 10 top and bottom investment markets for single-family rentals

None of the top 10 are on the West Coast

As the single-family rental market continues to bode well for investors, HomeUnion, an online real estate investment management company, ranked the most and least favorable single-family rental markets measured by cap rate.

Cap rates are the relationship between an investment property’s net operating income (rents minus expenses) and the market value of the property.

For example, HomeUnion said that a $100,000 home that rents for $1,000 per month ($12,000 a year in gross income) and has $4,000 in annual expenses (bringing the total to $8,000 net income), would have an 8% cap rate — 8,000 is 8% of 100,000. 

“With continued turmoil in the securities markets, individual investors are increasingly looking to an alternative to low-yield bonds and risky stocks,” explained Don Ganguly, CEO of HomeUnion. “The SFR market is not correlated to the securities market, and with the right research, investors can find high-yield investments in markets anchored by solid, diverse economies and favorable demographics.”

“Favorable supply and demand fundamentals and shifting views about renting among Millennials and seniors, created increased occupancy rates, which resulted in higher rent prices,” added Steve Hovland, manager, research services at HomeUnion.

Here’s the list of the top 10 single-family rental investment markets: (metro, cap rate)

10. Tampa 5.9%

9. Milwaukee 5.9%

8. Baltimore 5.9%


7. Cleveland 5.9%

6. Indy 6.0%

5. Houston 6.1%


4. Cincinnati 6.4%

3. Pittsburgh 6.4%

2. Oklahoma City 6.9%

1. Memphis 7.3%


Here’s the list of the bottom 10 single-family rental investment markets: (metro, cap rate)

10. Portland 3.9%

9. Sacramento 3.6%

8. San Diego 3.6%

Calif small

7. Oakland 3.5%

6. Seattle 3.5%


5. New York 3.5%

4. Los Angeles 3.2%

3. Orange County, California 3.0%

2. San Jose 2.7%

1. San Francisco 2.7%

city houses

Most Popular Articles

Millions will enter housing market in 2021: Zillow

Up to 2.5 million households could enter the housing market in 2021, per Zillow. The buyers will descend on the “secondary cities” across the U.S.

Apr 07, 2021 By

Latest Articles

William Raveis ain’t no stinkin’ iBuyer

Like others, resi brokerage & lender William Raveis is happy to buy your home. But its new program doesn’t mean it’s an iBuyer.

Apr 09, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please