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☆ An investor with 35,000 rental houses is sitting on $3 billion of 'dry powder' as it waits for the perfect time to buy up thousands more homes
▼ + stars: | 2022-11-10 | by ( James Rodriguez | ) www.businessinsider.com time to read: +4 min

Tricon Residential is one of the biggest owners of single-family rental homes in the US. Berman said the company expected to buy up 850 homes in the fourth quarter, for a total of 7,300 this year. Berman said the company was "slowing down today" so it could buy larger portfolios at discounted prices in the future. Single-family rental operators may be slowing down in the short term, but the biggest players have been adamant that the fundamentals of their business remain strong. "We also think that a lot of the startups in single-family rental may have trouble getting financing, and so maybe some portfolios shake loose.

☆ US home sales will keep falling through 2023, Redfin says: 'Housing companies are in the jungle now'
▼ + stars: | 2022-11-10 | by ( Zahra Tayeb | James Rodriguez | ) www.businessinsider.com time to read: +4 min

Redfin said it expects home sales to keep falling through 2023, as it laid off 13% of its workforce. US housing companies are "in the jungle" now, its CEO said, as buyer demand falters. That means "housing companies are in the jungle now, but Redfin has been there before and come out stronger," Kelman said in separate press release. That would mean the number of existing home sales would drop from roughly 6.1 million in 2021 to roughly 4.3 million in the coming year. "The June layoff was a response to our expectation that we'd sell fewer houses in 2022; this layoff assumes the downturn will last at least through 2023," Kelman said in the memo.

☆ Homebuyers battling high mortgage rates could soon have a new option: sell a stake in their future home for as much as $250,000 toward a down payment
▼ + stars: | 2022-11-03 | by ( James Rodriguez | ) www.businessinsider.com time to read: +7 min

The next frontier: making similar investments to buyers who need help with a down payment. Down-payment investments could help them avoid those costs, which can amount to hundreds of dollars a month. So we're gearing up for that," Riccitelli said, adding that down-payment investments represented "a massive opportunity." Indeed, one of the industry's trailblazers, Unison, stopped offering down-payment investments earlier in the pandemic, choosing instead to focus on traditional home-equity agreements. "One of the big mortgage companies is going to have to get in on it," the executive added.

☆ 2008-level home-price declines are coming for some areas, one of Wall Street's top housing advisors now says
▼ + stars: | 2022-10-27 | by ( James Rodriguez | ) www.businessinsider.com time to read: +5 min

John Burns Real Estate Consulting expects price drops of 20% or more for certain housing markets. Higher mortgage rates have wrecked demand for homes, but the firm says prices are still too high. Devyn Bachman, the senior vice president of research for John Burns, told Insider she had begun to expect "GFC-like pricing declines in certain markets." A survey conducted by John Burns last month found roughly 18% of homebuilders were already reporting year-over-year net home-price declines. "It's going to be a challenging one to two years for anyone involved in housing," Bachman said.

☆ Online real-estate investment firm Fundrise is paying way over housing-market value for some build-to-rent communities. Here's why it says it's still a winning strategy.
▼ + stars: | 2022-10-24 | by ( Alex Nicoll | Lisa Kailai Han | James Rodriguez | ) www.businessinsider.com time to read: +14 min

Build-to-rent communities skip the intermediary and go straight to the homebuilder. While typical single-family rental strategies, pioneered by Blackstone in the aftermath of the Great Recession, are inherently tied to the housing market, build-to-rent is not. In the eyes of private equity, there's no difference between build-to-rent communities and apartment blocks. If you value Cypress Bay as an apartment building, instead of a collection of homes, Fundrise got a good deal. Fundrise is still working on deals, Miller said, with a deal pipeline stretching out to 2025.

☆ Fire-razed lots in Colorado are going for up to $1.5 million as buyers bet on recovery from a wildfire that destroyed 1,000 homes. The prices signal that the appeal of the mountains still trumps clima
▼ + stars: | 2022-10-22 | by ( James Rodriguez | ) www.businessinsider.com time to read: +8 min

In late 2021, a wildfire tore through the Boulder suburbs and destroyed nearly 1,100 homes. Roughly 10 months after that blaze, known as the Marshall Fire, the vast majority of the burned lots remain vacant. "Open space with the ability to build what you want — that really doesn't exist in Boulder County," Jennifer Eiss, a Boulder real-estate agent with Compass, said. The median sale price for Marshall Fire lots that sold in the third quarter was $416,000, according to MLS data. Newer, more-sustainable building methods, combined with an emphasis on protective borders around homes, could help mitigate fire risks, Pechet said.

☆ Beware, Florida homeowners. The worst is yet to come.
▼ + stars: | 2022-10-06 | by ( Dan Latu | James Rodriguez | ) www.businessinsider.com time to read: +10 min

They were paying $750 a month for the lot in a mobile-home park and couldn't fathom paying $7,200 a year for homeowners insurance, let alone additional protections for floods. (Flood insurance costs an average of more than $600 a year in Florida and can stretch even higher in high-risk areas.) But just 57% of those homes are covered by flood insurance, a Bank of America analysis of data from CoreLogic and the National Flood Insurance Program found. Some owners may not even know that they need a separate insurance policy for flooding, assuming it's covered by their homeowners insurance. Roughly a dozen firms that provide homeowners insurance in Florida have gone under in the past two years, The Washington Post reported.

☆ 'Big Short' analyst says Florida home values could drop as much as 50% in some areas when markets factor in flood and storm costs from disasters like Hurricane Ian
▼ + stars: | 2022-10-01 | by ( James Rodriguez | ) www.businessinsider.com time to read: +4 min

Floridians aren't paying enough for flood insurance, according to an analysis by DeltaTerra Capital. Home prices in some parts could fall by 50% when buyers realize the true costs of flood protection. Hurricane Ian left a trail of destruction across Florida, but the state's housing market has yet to feel the brunt of its impact. That's because flood insurance is poised to get much more expensive in high-risk areas as a result of Risk Rating 2.0 , the Federal Emergency Management Agency's updated method of pricing flooding risk for insurance policies held through the National Flood Insurance Program. It's not just a matter of how hurricane damage will affect a regional market, Burt said.

☆ Sorry, millennials, you're never getting a good home
▼ + stars: | 2022-09-29 | by ( James Rodriguez | ) www.businessinsider.com time to read: +13 min

Like a lot of millennials, Enrique Gonsalves is a victim of poor timing. For most millennials, born between 1981 and 1996, the path to homeownership has been fraught with pitfalls and false starts. Add it all up, and the homeownership rate among millennials is lagging that of previous generations. Compared with these generations, millennials have more debt, a lower net worth, and a worse chance of making more than their parents. Those factors, particularly the rise in student debt, have prevented millennials from getting a home.

☆ Opendoor is staring down losses after once boasting it wouldn't repeat Zillow's home-flipping fiasco. 5 properties from Phoenix to Atlanta show the trouble it's facing.
▼ + stars: | 2022-09-21 | by ( James Rodriguez | Alex Nicoll | ) www.businessinsider.com time to read: +9 min

The losses are mounting for Opendoor as home prices fall in previously red-hot markets such as Phoenix, Southern California, and Las Vegas. Opendoor cut the listing price three times, ultimately dropping it to $657,000 before the property sold. Opendoor has since cut the listing price five times, most recently advertising the property at $417,000. Records on Zillow indicate Opendoor has reduced the listing price six times. As for the homes Opendoor is buying today, Wu said executives "expect those to perform well and in line with expectations."

☆ Big investors are buying fewer homes to rent out on a bet that prices will fall. Case in point: A 2,000-house portfolio just got yanked from the market after failing to lure buyers at its $500 million
▼ + stars: | 2022-09-20 | by ( James Rodriguez | ) www.businessinsider.com time to read: +6 min

That's left some big portfolios sitting on the market — but don't expect the lull to last long. This past summer, a huge portfolio of 2,000 homes hit the market. The market for single-family-rental portfolios, once red-hot, has slowed considerably as the biggest participants face higher borrowing costs and market volatility. The challenges aren't limited to big SFR portfolios. Deals are still getting done, too — one SFR portfolio traded in August for a little more than $140 million, according to a person with knowledge of the deal.

☆ This was the least affordable week to buy a home in 35 years
▼ + stars: | 2022-09-09 | by ( James Rodriguez | ) www.businessinsider.com time to read: +3 min

Housing affordability reached a new low as mortgage rates spiked while home prices remained high. The average rate for a 30-year fixed-rate mortgage hit a new pandemic-era high, jumping to 5.89% for the week ended Thursday, according to Freddie Mac. That payment-to-income ratio has reached its highest point in 35 years, eclipsing a previous high set in June, according to Black Knight. With fewer buyers competing for homes, sellers may be forced to cut their prices in order to reach a deal. "Given the large role affordability challenges appear to be playing in shifting housing market dynamics, the recent pullback in home prices is likely to continue," Walden said in a statement.

☆ The biggest dilemma for homeowners right now: Should I sell or rent my home in 2022?
▼ + stars: | 2022-09-08 | by ( James Rodriguez | ) www.businessinsider.com time to read: +7 min

More owners are now wrestling with the question of whether to sell their home or rent it out. Sellers in today's housing market face a nagging question: Should I just rent out my home instead? He told Insider he's now debating whether to sell or rent out his property. Some property managers are preparing for more homeowners to choose to rent out their homes rather than sell. "As we move into fall here, and more and more properties continue to hit the market, the market becomes weaker and weaker," Linnemann said.

Tiny homes had a coming-out party in 2022, as more places began building or budgeting for tiny home villages. Gimmicks aside, tiny homes are being used as solutions to housing crises in cities like Chicago or Bridgeton, New Jersey — where tiny homes are being used to house former inmates for free after their release. The often-modular approach of tiny homes can help reduce construction costs and make housing cheaper. Tiny homes can range in price and aesthetics, but typically remain under 600 square feet. We've compiled a list of the hottest tiny-home companies to look out for in 2023, all shaking up real estate in different ways.

☆ The corporate landlords buying up America's houses are hiring high-profile PR execs and lobbying Washington regulators to convince opponents they're not the bad guys
▼ + stars: | 2022-05-28 | by ( James Rodriguez | ) www.businessinsider.com time to read: +10 min

Corporate owners of single-family homes face mounting criticism as their presence grows. Organizers from the Center for Public Democracy stood atop the stage at the Park Hyatt hotel in Washington, DC, where they interrupted a conference for owners of single-family rental homes. Institutional owners of single-family homes have typically preferred to operate quietly. In the decade-plus since the financial crisis, institutional investors have poured billions of dollars into acquiring and developing single-family homes for rent. It's for that reason that Howard is concerned about homeowners associations barring investors from buying homes in certain neighborhoods.

☆ See the 32 pitch decks that some of the hottest property-technology startups used to raise millions from top VCs like SoftBank and a16z
▼ + stars: | 2022-05-21 | by ( Alex Nicoll | James Rodriguez | ) www.businessinsider.com time to read: +5 min

VC investment fell by 38% in 2022, but the technological transformation of real estate continues. investment fell by 38% in 2022, but the technological transformation real estate continues. Insider has collected 32 pitch decks that successful firms have used to raise funding from VCs and private equity firms. Clockwork AnalyticsThe pandemic laid bare the necessity of a technological transformation of commercial real estate. MosaicThe pandemic boosted traditional construction companies' interest in the high-tech corner of the sector.

☆ A major investor who owns 40,000 rental homes can't find enough new supply, so it'll manufacture its own out of factories in Sun Belt states like Texas and Florida
▼ + stars: | 2022-05-14 | by ( James Rodriguez | ) www.businessinsider.com time to read: +4 min

The goal is for each of those factories to produce between 500 and 750 rental homes a year, Joe Butler, the head of Studio Built, told Insider. Modular homes meet the same standards of those built using traditional methods but are typically cheaper and faster to produce. Meanwhile, soaring mortgage rates have made homeownership more expensive, pushing more people into rental homes. Many of those people still want to live in single-family homes in good school districts, Nguyen said. "We believe that Studio Built is going to be a very long-term initiative that's going to be quite successful," Butler said.

☆ Supremaţia lui Messi în ultimul deceniu este confirmată de clasamentul IFFHS. Locul lui Ronaldo, o surpriză imensă
▼ + stars: | 2021-01-12 | by ( ) www.jurnal.md time to read: +1 min

Clasamentul a fost realizat în urma luării în considerare a clasamentelor din fiecare an. Messi s-a clasat pe locul 1 în clasamentul IFFHS în anii 2015, 2016, 2017 şi 2019, iar în 2011, 2014, 2018 şi 2020 s-a clasat al doilea, astfel că victoria este incontestabilă. Este oarecum surprinzător că Ronaldo este abia pe locul 12, mai jos decît Yaya Toure, de exemplu. Alături de Messi, Ronaldo este unul dintre cei mai mari fotbalişti ai lumii! În clasamentul ultimului deceniu, Messi a adunat 174 de puncte, iar Cristiano Ronaldo 54.

Persons: Messi, Ronaldo, Cristiano Ronaldo, Andres, Luka, Kevin Bruyne, Toni Kroos, Lionel MESSI, Toni KROOS, Mesut, Andrea PIRLO, Yaya, Cristiano RONALDO, David SILVA, James RODRIGUEZ Colombia 42 Bastian SCHWEINSTEIGER, Christian ERIKSEN, Paul POGBA Locations: Spania, Spaniei, Europei, ale Cluburilor, Kevin, Belgium, Riyad

☆ Carlos Queiroz a fost concediat de pe banca naționalei de fotbal a Columbiei
▼ + stars: | 2020-11-20 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: 1 min

Selecționerul Carlos Queiroz a fost concediat de pe banca naționalei de fotbal a Columbiei. Tehnicianul portughez și-a exercitat funcția timp de un an și nouă luni.Ultimele două eșecuri usturătoare, 0-3 în partida de acasă cu Uruguay și 1-6 în meciul din deplasare cu Ecuador în preliminariile Mondialului din 2022, i-au fost fatale.Potrivit presei, federația columbiană urmează să-i plătească clauza de două milioane de dolari.Un alt motiv al demisiei lui Quieroz este atmosfera negativă în vestiarul echipei. Săptămâna trecută, tensiunea din lot a atins cote maxime. Căpitanul James Rodriguez s-a bătut cu un alt jucător al reprezentativei țării sale, Jefferson Lerma.Sub comanda lusitanului în vârstă de 67 de ani, echipa Columbiei a jucat 18 meciuri, în care a înregistrat nouă victorii, cinci egaluri și patru înfrângeri.

Persons: Selecționerul Carlos Queiroz, Quieroz, Căpitanul James Rodriguez, Jefferson Organizations: Columbiei Locations: Columbiei, Uruguay, Ecuador

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