PPTY

Biggest Landlords Pile Into 'Build-To-Rent' Single-Family Houses, But Sell Older Houses Into This Overpriced Market

Home Real Estate Analysis Biggest Landlords Pile Into 'Build-To-Rent' Single-Family Houses, But Sell Older Houses Into This Overpriced Market. Building professionally managed communities of single-family houses for rent, with their own leasing and maintenance offices, is the hottest trend in new house construction. The biggest landlords have begun selling thousands of older houses scattered all over the place. American Homes 4 Rent and Invitation Homes sold over 3,000 older houses combined in 2023.

Mortgage Pain Has Not Peaked Yet

Despite spring market optimism, US Home sales in March posted their most significant decline in more than a year. In Canada, where fixed mortgage rates are back above 5%, March home sales and prices were mostly unchanged month-over-month. Oxford Economics forecasts that mortgage payments will increase by another 6% to $156 billion by the end of 2024 in Canada. The hardest hit will be low to medium-income households.

A Hawkish Pivot

U.S. Equity markets posted their worst week in a year while benchmark interest rates surged to five-month highs. The S&P 500 declined another 3.1% this week. High-flying technology stocks were particularly hard hit. Earnings season is off to a shaky start for office REITs.

Real estate stocks continue on downward trajectory as market's April pullback intensifies

Real estate stocks continue on downward trajectory as market's April pullback intensifies. U.S. Existing home sales slid 4.3% in March. Economic activity expanded slightly, the Federal Reserve said in its April Beige Book report. Investors dial back interest rate cut expectations for real estate.

Home Sales Clobbered By Mortgage Rates. New Listings And Active Listings Surge. Most Price Reductions For Any March In Years

REIT Earnings Preview: Delay And Pray

The State Of REITs: April 2024 Edition

8 REITs increase dividend payouts in March, says report

Financials 8 REITs increase dividend payouts in March, says report. Retail REIT InvenTrust Properties saw the largest relative dividend growth of the month. Total number of real estate investment trusts that hiked their dividends in Q1 to 35, says S&P Global Market Intelligence.