Congress targets investors and asks: ‘Where have all the houses gone?’

Committee takes up the growing reach of institutional investors at a hearing this week. The biggest companies now own more than 280,000 single-family homes to rent. Continue reading

RentSpree calls on MLSs to include rentals, saying it would help agents

The company says the action would minimize delays for renters, increase efficiency of filling rentals, help agents earn commissions and build their pipelines and generally standardize the rental process over time. Continue reading

Take a look at what CoStar calls the empowering ‘Listing of the Future’

New feature set to provide more information about each individual property, including 3D tours, photos and the view out the window. ‘Getting on a prospect’s short list is very important.’ Continue reading

Owning becomes more expensive than renting as rates, prices surge

Homeownership is 31 percent more expensive than renting, nationally. With demand shifting and the market for home purchases cooling, homebuilders now court investors, a report notes. Continue reading

Brown Harris Stevens appoints property management director

The New York City-based brokerage has named Richard Horovitz as its residential property management division’s senior vice president and director of residential property management. Continue reading

Home flipper activity jumps, while profitability plummets

Slowdown in bidding wars is “having a predictable impact on profit margins for investors,” said Rick Sharga, executive vice president of market intelligence from Attom, in the latest report. Continue reading