Never slow in the world of real estate and never “same old, same old”.
Trying to keep up in anything is often difficult. For municipal officials that wear so many different hats and juggle so many different responsibilities, keeping up with who are the active real estate players in their community is nearly impossible.
First it was private equity entering the single family rental market (click on the following links for great overview and updates – National Real Estate Investor, Curbed, CNBC) but now Roofstock, a platform for buying and selling single-family rental homes, announced it is rolling out a new program that will allow investors to buy a share in a single-family rental home and collect a return on that investment, without having to act as a landlord.
For additional information, please click on the following links:
Bloomberg: New Single-Family Rental Pitch: Want to Buy a Piece of a House?
Rootstock Press Release: Roofstock Launches Roofstock One, A Radically Simple Way to Invest in Real Estate
If only that was it! – Next up……….Bank Zillow?
Following its 2018 acquisition of Mortgage Lenders of America, the Seattle-based online real estate giant is preparing to go deeper into the business of mortgage origination, making loans to help people buy the same homes they come across in the Zillow app.
For additional information please click on the following links:
Geek Wire: Zillow as mortgage lender: Real estate giant going ‘further down the funnel’ of buying a house
Orange County Register: Zillow launches ‘iBuyer’ operation in Inland Empire
What next………………Bank Amazon? Bank Google? According to LoanDepot CEO Anthony Hsieh it may well be.
National Mortgage News: Will Amazon create prime competition for mortgage lenders?