HUD launches Office of Manufactured Housing Programs
U.S. Department of Housing and Urban Development (HUD) announced this week that it has established a new Manufactured Housing Program Officewho will report to the Assistant Secretary for Housing and federal housing administration (FHA) Commissioner Julia Gordon. The office will work to accelerate manufactured housing to help address the nation’s inventory problems. “This organizational change […]
Affordable housing, homelessness bill introduced by Rep. Waters
Representative Maxine Waters (D-Calif.), Ranking Member US House of Representatives The Financial Services Committee this week reintroduced three pieces of proposed legislation to boost affordable housing investment, expand the Housing Choice Voucher program and provide billions of dollars in aid for first-generation, first-generation homebuyers. “Together, these bills represent the largest and most comprehensive investment in […]
Offers up to $4K down payment assistance to CrossCountry buyers
crosscountry mortgage (CCM), the nation’s third largest retail mortgage lender, this week unveiled its latest initiative aimed at helping first-time home buyers overcome the financial barriers to home buying in today’s competitive housing market. The CCM Smart Start program will provide up to $4,000 of down payment assistance to eligible individuals, giving them additional purchasing […]
small and medium sized home builders failed to meet expectations in may
Some of the best-performing stocks in America this year are those of large, national homemakers — strong consumer demand, limited competition from the current home sales market and an improved supply chain have boosted their outlook. On Monday, homebuilders’ confidence moved into positive territory for the first time in nearly a year, while Census data […]
Tracking Passive Losses with Form 8582
in this article Passive activity loss rules are complicated. These rules prevent you from using your rental tax losses to offset your active income. A basic understanding of the rules will save you thousands of dollars in tax over your investing career. And knowing how to review your tax return to make sure these rules […]
Title premium volumes declined 43% year-on-year in Q1
Higher mortgage rates, economic uncertainty and lower housing inventory helped little by little in the amount of title premiums during the first quarter of 2023. In the first three months of the year, the title industry generated $3.37 billion in title insurance premiums, down 43% from the previous year. year, according to american land title […]
2023 Summer Housing Market Predictions
in this article Even in normal times, it is difficult to predict what will happen in the housing market. Given that the economy is normal at the moment, predicting what will happen to the housing market in the coming months is a largely fool’s errand. But having an investment thesis is important and it’s also […]
How do realtors get paid?
in this article Most investors have a trusted Realtor on their real estate team. When you’re focused on finding deals and cash flow, you may not initially think about how realtors get paid and whether that fee comes out of your pocket. Realtors are essentially intermediaries between buyers and sellers, so they are paid on […]
Remembering Sam Zell | BiggerPockets Blog
in this article If you ask most investors who they think is the biggest player in the real estate industry, the first name for many will be Sam Zell. Renowned real estate investor and entrepreneur passed away recently at the age of 81. His legacy is vast. Many have referred to him as the “Grave […]
Institutional homebuyers pulling out of the market – what do they see that you don’t?
in this article Institutional investors (those who own 1,000 or more homes) are selling their inventory in 2023. These large investors have reduced their buying activity by about 80% in Q4 of 2021 as compared to Q4 of 2022. John Burns Research & Consulting, This change in activity has resulted in 90% fewer home purchases […]
