Welcome! In order to carry out this action, you must be signed in with your FinBrowser
account. No account yet? No problem! Creating a new one is a breeze and will only take a minute of
your time.
Hey there! Due to the recent policy changes implemented by Twitter, I regret to inform you that
FinBrowser is currently unable to display any new Tweets. I know this might be disappointing, as
Twitter
is a valuable source of information and updates for many of us. However, I want to assure you that I
am
actively working on finding alternative solutions and exploring ways to reintegrate Twitter sources
into
this website. I appreciate your patience and understanding during this time of transition.
They moved from the Bay Area to Charlotte. They'd like to return but....
"California is home for us, and eventually we’ll go back... I don’t know if stuck is the right word, but a 2.62% interest rate is hard to give up right now"
via @AlenaBotros
@jlo_280 @NewsLambert @pat_clark @1RentalataTime @LoganMohtashami These are occupied long-term rentals. They will likely stay that way for a long time. Doubtful, they would kick out tenants with no place to go.
American Homes 4 Rent was also a net seller in Q1 23
Lance Lambert
American Homes 4 Rent was a net seller in Q1. $AMH
In Q1 2023, American Homes 4 Rent added 312 homes, while it sold off 666 homes.
Just a year earlier, American Homes 4 Rent added 1,131 homes and only sold off 171 in Q1 2022.
It isn’t just Starwood: Invitation Homes was a net seller in Q1 23.
Lance Lambert
Invitation Homes, the largest owner of U.S. single-family rental homes, is now a net seller.
In Q1 of 2023, Invitation Homes bought 194 homes, while it sold off 297.
Just a year earlier, Invitation Homes bought 822 single-family homes and only sold off 147 in Q1 of 2022.
3. The math isn’t that great right now for institutional homebuyers & they’re pulling back.
The firms I’ve talked to blame spiked borrowing costs/frothy home prices/decelerated rent growth.
Lance Lambert
According to an analysis conducted by John Burns Research and Consulting, institutional investors—those owning over 1,000 homes—bought 90% fewer homes in January and February than they did the first two months of 2022.
#NEW AEI Housing Center revises its housing outlook upward.
AEI's "base case" calls for U.S. home prices to rise +4% in 2023, and then another +6% in 2024.
As we enter into the seasonally slower second half of the year, Capital Economics predicts the home price correction will resume. Blame pressurized affordability.
Back in early January, Capital Economics said we had reached the “housing demand trough,” however, they said the national home price trough would take longer to reach.