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Renters

First American launches monthly rent automated valuation model

Appraisals and Valuations, First American, First American Financial Corporation, HWmember, Real Estate, Rent Prices, Rental Properties, Renters, Single-Family Rentals, Technology /

First American Data & Analytics has released an automated valuation model that estimates monthly rent for residential properties nationwide. The product — called Procision Rental AVM — updates daily on roughly 100 million properties, including single-family homes, condominiums and homes in planned-unit developments. It provides rental estimates, value ranges and confidence scores for use by […]

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New Western president speaks on PadSplit partnership

Affordability, Housing Inventory, Housing Market, HWmember, Multifamily Housing, Real Estate, Real Estate Technology, Rent Prices, Rental Properties, Renters, Technology /

New Western and PadSplit have entered a partnership aimed at increasing affordable co-living housing, effective last week. New Western cofounder and President Kurt Carlton told HousingWire the collaboration will allow investors to access PadSplit’s model for converting single-family homes into shared living spaces — while leveraging New Western’s large property inventory. “(PadSplit) will help you

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Renters now outnumber owners in key U.S. cities. Is the real estate industry paying attention?

Contributors, Housing Market, HWmember, Opinion, Real Estate, Renters /

In cities across the U.S., the scales have tipped, and most of the real estate industry hasn’t noticed. More than 44.5 million households in the United States are renter-occupied, accounting for 35 percent of all homes. But in many of the country’s most economically influential metros, that number isn’t 35 percent but the majority. Manhattan?

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RealPage acquires Livble, expanding rent payment options

HWmember, Mergers and Acquisitions, Property Management, Real Estate, RealPage, Rent Prices, Rental Properties, Renters /

Property management software company RealPage has acquired Livble, a flexible rent payment provider, in a move that expands RealPage’s reach into financial tools for renters and property managers. Financial terms of the deal were not disclosed. The deal brings Livble’s installment-based rent payment system into RealPage’s LOFT and Buildium platforms. Livble allows eligible renters to

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3 charts that show why renters struggle to become homeowners

Affordable housing, Data & Visuals, Homeownership, Housing Market, HWmember, National Low Income Housing Coaltion, Rent Prices, Renters /

Record-high home prices and persistently elevated mortgage rates have made the housing market difficult for homebuyers and the industry alike — and not even this year’s significant growth in supply seems to be helping. It’s been particularly difficult for prospective buyers who are currently renters, as renters are dealing with an affordability crisis of their

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Zillow unveils tools to simplify buying, renting, touring

Affordability, Homebuyers, Homebuying, HWmember, Real Estate, Real Estate Agents, Rental Properties, Renters, Technology, Zillow /

Zillow has rolled out five new features aimed at streamlining the process of buying, renting and touring homes. The updates — now live nationwide — include a drone-powered virtual viewing tool and offer pricing transparency for rental properties, along with coordinated tour scheduling and affordability estimates. SkyTour allows users to navigate a 3D aerial view

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Bilt raises $250M to expand into mortgages, with backing from UWM

HWmember, Investment, LendingLife, Mat Ishbia, Mortgage, Origination, Renters, United Wholesale Mortgage /

Bilt, which operates a loyalty program and credit card that converts rent payments into points, has secured a $250 million funding round led by General Catalyst and GID, with participation from United Wholesale Mortgage (UWM), the nation’s largest mortgage lender. The funding brings Bilt’s valuation to $10.75 billion and will fuel expansion across the broader

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RentSpree partners with Hive MLS to expand access in Southeast

Georgia, HWmember, MLS, North Carolina, Partnerships, Real Estate, Real Estate Agents, Rental Properties, Renters, South Carolina, Technology /

RentSpree has partnered with Hive MLS to integrate rental application and tenant screening tools directly into Hive’s multiple listing service platform. The new integration will be available at no cost to Hive MLS subscribers in Georgia, North Carolina and South Carolina. Hive MLS services more than 18 MLSs in the Southeast — representing about 15,000

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Comfortable city living usually requires a six-figure salary

Affordability, California, GOBankingRates, Homeownership, Housing Market, HWmember, Renters /

Homeownership in many of America’s largest cities now demands a six-figure salary to sustain a comfortable lifestyle — with some regions requiring more than $300,000 annually. A new analysis by GOBankingRates ranked the top 50 U.S. cities by the income necessary to afford a comfortable standard of living, using factors such as average home prices,

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These suburbs saw the largest increases in renters during the pandemic

California, Covid-19, Data & Visuals, Florida, Housing Market, HWmember, Renters, Texas /

The wave of migration set off by the COVID-19 pandemic pushed home prices through the roof in towns that had previously been relatively sleepy. While data shows that some narratives at the time proved to be a bit overstated, there’s no question that it reshaped housing markets across the country. A recent study from Point2Homes

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