By Deborah Goonan, Independent American Communities Today I share several articles from across the country, all of which provide a Big Picture view of disruptions to the HOA industry. For starters, the rental market is quite robust, because many consumers are choosing to rent rather than buy. Some housing markets have become so unaffordable that a home purchase is out of the question, even for middle class homebuyers. But even consumers who can afford Continue ReadingReal estate trends across the U.S. disrupting HOA, condo market
Investors move beyond bulk purchase of condos, expanding their inventory of rental properties By Deborah Goonan, Independent American Communities As a follow up to yesterday’s article HOAs are built on foundation of property values, not social values, today’s focus is on how institutional investors exploit the real estate market, increasing profits for their shareholders and decreasing affordability for both home buyers and tenants. Here’s how it works. When economic conditions were favorable for new construction Continue ReadingInstitutional investors exploiting market for HOA single family homes
By Deborah Goonan, Independent American Communities Why more of your neighbors may be renting than buying When the real estate market crashed and the foreclosure crisis was in full swing, large real estate investment firms such as Blackstone, Invitation Homes, Waypointe, Starwood, and American Homes4Rent began purchasing under-valued detached single family homes by the thousands. Large corporate investors had a substantial bankroll, so they could spend millions acquiring and renovating vacant, unsold properties, as well Continue ReadingAre single family homes the next real estate commodity?