REAL ESTATE TECHNOLOGY
MyHouseDeals | May 26, 2021
MyHouseDeals, a leading digital platform for real estate investors, recently released a comprehensive analysis of the top markets within the country for real estate investing.
"Our quarterly and yearly market reports have always been a big hit with our members. The key insights provided in each one provide invaluable advice on how to pivot and grow our businesses as real estate investors," said Alex Soares, President of the platform. The detailed reports are an important way for investors to discover new opportunities and make strategic decisions regarding the year ahead.
2020 was a historic year because the US navigated the coronavirus pandemic. The residential real estate industry thrived as historically low mortgage interest rates led to unprecedented demand. Strong market conditions have extended into 2021. While mortgage rates have crept up a bit, the market is still red-hot and pricing wars are commonplace. During the first quarter of the year, MyHouseDeals added thousands of deals in the following categories: wholesale real estate deals (76.9%), foreclosures (18.1%), motivated MLS deals (4.4%), and motivated seller deals (0.5%). Wholesale land deals dominated the first quarter as the most popular investing strategy for the tens of thousands of active investors who are members of MyHouseDeals.
After some number-crunching, the results show that the top five markets for investment property deals in the country are South Florida, Dallas/Fort Worth, Washington D.C., Atlanta, and Houston. These markets, alongside others at the top, will likely remain attractive in the months to come and offer an opportunity for investors to make deals with high-profit potential.
Founded in 2005, MyHouseDeals is the premier online community for residential real estate investors, providing networking tools, on-demand training, and property lead generation, including access to wholesale land deals, motivated seller leads, and investor-ready foreclosures nationwide.
REAL ESTATE TECHNOLOGY
businesswire | February 10, 2021
Varde Partners, a leading global alternative investment firm, today announced it has provided more than $250 million of capital to purchase and fund the development of single family residential projects across three transactions in the U.S.
“The U.S. housing market represents a significant investment opportunity for Värde, with compelling supply demand dynamics driven by low interest rates, demographic trends and secular shifts accelerated by Covid-19,” said Brian Schmidt, Partner at Värde. “These deals demonstrate the speed, scale and flexibility with which our platform can invest across the capital structure to provide appropriate financing solutions while traditional lenders continue to retrench.”
prnewswire | October 14, 2020
Global workforce transformation solutions provider GP Strategies Corporation reported today it has entered into an amendment to the lease for its headquarters facility in Columbia, Maryland that, effective January 1, 2021, will reduce its space by approximately 22,000 square feet and reduce its rental expense for this office by approximately $750,000 per year. This amendment is part of a global reevaluation of real estate needs, which has resulted in strategic decisions on lease consolidations and office closures over the past year. These actions are expected to result in approximately $2.0M of annual savings in facility expenses for the Company in 2021 compared to 2020.