Steve Murray on the investor market and iBuyers

Today’s HousingWire Daily features a crossover episode with RealTrending, a podcast that focuses on interviewing the brightest minds in real estate and the housing market. In this episode, Steve Murray, RealTrends advisor and industry stalwart, discusses the underserved nature of the investor-owned, single-family market.

Murray also shares some insight into how companies utilizing iBuying functions are affecting the senior market and advises listeners to download the quarterly earnings reports of public real estate companies. 

Here is a preview of the topics Murray discussed. The transcript below has been lightly edited for length and clarity:

Investor market:  In the past, we’ve done numerous research reports on the investor market. The National Association of Residential Property Managers also has done significant research and has very good data on the investor-owned, single-family market. It’s a huge market, is underserved, and it’s highly fragmented in terms of the residential property management industry. It’s a wide-open opportunity. I didn’t say it was easy or that it wouldn’t be challenging, but it’s a huge underserved market. We shouldn’t get distracted by the iBuyer sound and fury.

iBuyers: Are we leaving a big, growing, important segment of the market to companies that are organizing a whole program together with an iBuying function to help boomers and seniors moving from independent single-family home ownership to assisted living, independent living and senior living centers?

Earnings reports: You might want to download the quarterly earnings reports of public real estate companies. You might compare them to your results in the second quarter of 2021. You may see some interesting trends in their operations and financial results. These important metrics may help when you benchmark against your own results. You’ll have a better idea of how well you’re truly performing.

HousingWire Daily examines the most compelling articles reported across HW Media. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Elissa Branch.