Items Tagged with 'home buyers'

ARTICLES

  • Zillow to launch buying and selling operations in Charlotte and Raleigh

    Expands Zillow Offers to six markets
    Zillow announced it is expanding its home buying and selling operations into Charlotte and Raleigh. The additions bring Zillow’s burgeoning home buying and selling operations to six markets nationwide. The program launched in Phoenix in April, then moved on to Las Vegas and Atlanta, with Denver set to open later this month.
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  • Single-family rental giant bets big on house flipping market

    Amherst Holdings is putting up $1 billion to fund the launch and expansion of a house flipping operation called Bungalo
    Amherst Holdings, one of the largest single-family rental entities in the U.S., is putting up $1 billion to back a platform it can use to sell off homes it has flipped. According to a Bloomberg article, Amherst owns or manages roughly 20,000 single-family rentals and is launching a subsidiary called Bungalo to flip properties, selling them at no-haggle prices in the hopes of attracting buyers who want a simpler home buying experience.
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  • Redfin: Are high taxes planting the seeds of a coastal exodus?

    People are getting restless and it could mean new demand for sleepy markets
    People are fleeing high taxes on the coasts for more affordable markets in the interior. According to a report from Redfin, 24% of Redfin's website users who were searching for a home in the second quarter looked to move away to a new metro area. This is a 3% increase in restlessness over last year at this time.
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  • The rise of renter nation and why it's here to stay

    High rents, home prices and interest rates should keep people renting for a while
    Nationwide, the percentage has been growing for the last 10 years, and though homeownership has been making a small comeback lately, escalating rents and continually rising home prices are keeping many households on the lease life. And it looks like it's going to stay that way for a while.
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  • Pen pals with your mortgage lender? Yeah, it's a thing

    Life is complicated. When underwriters have questions, they might reach out to you
    Did you know that underwriters often reach out to borrowers via letter? According to a piece in the Wall Street Journal, borrowers shouldn’t be surprised if they are asked to provide a letter of explanation or “comfort letter” to underwriters who are curious about mushy spots in their knowledge of the borrowers’ situations.
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  • Decreasing home sales signal homebuilder pessimism

    New home sales decrease 5.3% in June
    New home sales decreased in June but slightly increased from last year, according to the new report from the Census Bureau and the Department of Housing and Urban Development. Zillow Senior Economist Aaron Terrazas questions if sputtering permits in the first half of 2018 could possibly reflect growing homebuilder pessimism.
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