Long constrained by a lack of inventory and high prices, home buyers must now also contend with decades high inflation and rapidly rising mortgage rates.
Freddie Mac researchers led by Ajita Atreya found that homes directly exposed to projected sea-level rise command no discount over those that aren’t.
Opendoor Technologies Inc., the largest of the iBuyers, is listing homes for 17 percent more than it paid for them.
Invitation Homes recently formed a $300 million joint venture that is targeting homes that will rent for 30 to 60 percent higher than their previous homes.
Enticed by rapidly increasing rents in the sector, investors have accounted for more than one-quarter of all single-family home sales in recent months.
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.
New home purchases rose by 11.9 percent in December compared to a month earlier, to an 811,000 annualized pace.
The firm is partnering with Indianapolis-based builder Onyx+Fast to develop more than 2,000 rental houses.
