Rent-to-own startup Pathway Homes plans to spend an initial $750 million acquiring houses on behalf of its customers, who will lease the properties with the option to purchase them.
More than a third of people surveyed by Zillow said it’s tougher to purchase a home than to find a spouse in today’s market.
Among the roughly one-fifth of older Americans who rent their homes, spending on shelter accounted for almost half of overall expenditures.
Amenities like reliable high-speed Internet, more space and soundproofing have become more important to apartment tenants.
Apartment builders are being aggressive, though supply chain disruptions are still a factor in keeping projects on schedule.
New home purchases rose by 11.9 percent in December compared to a month earlier, to an 811,000 annualized pace.
Nitin Chexal launched Palladius Capital Management in early 2021. Today, the firm has already deployed 85 percent of its first fund.
The deal for Resource is expected to close in the second quarter.
Residential starts rose 1.4 percent to a 1.70 annualized rate. Applications to build jumped 9.1 percent to an annualized 1.87 million units in December.
Homes priced between $800,000 and $1 million saw the highest rate of bidding wars in December, according to Redfin data.