black real estate investors

Pushback Grows as SFR Players Target Communities of Color

Pushback Grows as SFR Players Target Communities of Color

Investors who are purchasing houses for SFR are buying a disproportionate number of homes in neighborhoods where a majority of residents are Black, according to a new analysis of Redfin data by the Washington Post† the Posts analysis revealed that last year, nationwide, 30 percent of home sales in majority-Black neighborhoods were to investors, while …

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This Real Estate Mogul Is Investing in Black Homeownership

This Real Estate Mogul Is Investing in Black Homeownership

Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. Lisa Phillips isn’t your typical real estate investor. She’s not interested …

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House-flipping algorithms are coming to your neighborhood— despite the losses

House-flipping algorithms are coming to your neighborhood— despite the losses

In 2021, iBuyers’ purchases jumped to double prepandemic levels, accounting for tens of billions of dollars in home sales. Las Vegas was among the top 10 markets where startups concentrated their investments. In a feverish summer, Maxson had already been outmuscled on two bids by cash offers from Zillow and Opendoor. On Dancing Ave., Zillow …

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Real estate investor Cadre scores strong exit in sale of two properties

Real estate investor Cadre scores strong exit in sale of two properties

This story has been updated to remove an inaccuracy in the 16th paragraph about Cadre’s current property portfolio† Cadre, the financial technology company focused on real estate investing, announced the sale of two properties on Tuesday that it said validates the robustness of its platform. The firm sold Lincoln Place, a 240-unit multifamily asset in …

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Most Americans think their local housing economy is a seller’s market

Most Americans think their local housing economy is a seller’s market

Most Americans say they’ve noticed the cost of housing in their communities increase over the past decade, as well as over the past year. Two-thirds of Americans say it’s difficult to find affordable housing in their areas and a majority expect housing prices will continue to rise. It’s a seller’s market according to most Americans. …

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Black homeownership faces new obstacles in crowded property market

Black homeownership faces new obstacles in crowded property market

In a housing market with mortgage rates hitting 5 percent and real estate investment companies looking to take advantage of surging rent prices, homeownership is becoming increasingly difficult for Black Americans, who have long faced discriminatory practices. “The housing gap” between white and Black household ownership in the US is “about as wide as it’s …

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Black buyers are getting squeezed out of the hot housing market

Black buyers are getting squeezed out of the hot housing market

Jones, 48, planned to build equity by buying a home in the South Phoenix neighborhood where she grew up. Instead, she’s on the sidelines, facing skyrocketing rent and struggling to restart the process of looking for a place of her own. “It was very defeating, very discouraging,” Jones said. “That’s the American Dream. Once you …

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Investors bought nearly half all Bexar homes sold in 2021

Investors bought nearly half all Bexar homes sold in 2021

Investors snapped up nearly half the homes sold in the San Antonio area last year, drawn to rising populations, prices and rents. That meant more competition for prospective buyers in a market where demand was already outpacing the supply of homes for sale. On ExpressNews.com: ‘Unfair advantage’: Putting a human face on investors’ impact on …

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First-Time Home Buyers Are Getting Squeezed Out by Investors and Corporations

First-Time Home Buyers Are Getting Squeezed Out by Investors and Corporations

CHARLOTTE, NC — At her first meetings with clients, many hoping to buy a first home, Sarah Ortiz Hilton runs through a list of warnings. They may have to offer tens of thousands of dollars over the asking price only to have those offers rejected anyway, Ms. Hilton, a real estate agent, tells them. They …

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