“This reminds us of the large role housing plays in the overall economy,” Zillow Chief Economist Dr. Svenja Gudell said. “Total home value slowed this year, but there was still a significant increase in overall value, and many markets are more valuable than they’ve ever been.”
All of these factors have prompted the question as to whether or not housing policy should continue a focus on traditional homeownership or concentrate its efforts on a broader definition of what constitutes “shelter.”
Since Invitation Homes, a subsidiary of Blackstone Group, launched the first single-family rental securitization in November 2013, there have been 26 other deals with issuance totaling $13.81 billion, according to Morningstar’s Single-Family Rental Update for December 2015 issued this week.
After the housing crisis, demand for rental property boomed. Census data show vacancy rates for rental units reached an all-time low this summer. More people are wanting to rent single family homes.
Tighter regulation and higher risk aversion — both to actual risk and to headline risk — in the world of mainstream lending mean that despite the opportunity available with SFR investors, traditional lenders have by and large not jumped on this opportunity. That leaves these nontraditional national lenders a bigger share of the pie in […]
As a testament to the growing popularity of the single-family rental asset class, total issuance for 25 single-family securitizations in two years have amounted to $13.08 billion backed by loans on nearly 100,000 homes, according to an announcement from Morningstar Credit Ratings.
The Tampa metro area continues to hold the top spot in the nation for institutional investor real estate purchases, despite a dramatic drop in such sales over the past couple of years. As foreclosures and short sales have dwindled, so have these cash sales. But before that downturn, investors purchased thousands of homes throughout Florida, […]
The American Dream of the single-family homeowner—nuclear family, a mortgage, and maybe a white picket fence—is being turned on its head by two consequences of the Great Recession: lack of demand for home purchases and a glut of unoccupied single-family houses. On the demand side are former homeowners who are unable or unwilling to return […]
Beth O’Brien, CEO of Colony American Finance, said the fact that the firm was able to reach this lending milestone in less than two years, shows the demand for acquisition capital and long-term financing among investors in single family homes.
