In today's news
Assurant Report Not So Assuring
Thirty-eight percent of renters in this survey commissioned by lifestyle and housing solutions provider Assurant (NYSE: AIZ) said they'll need help making their rent in the next 90 days. Two-thirds of them who were planning to buy a home say they won't until the pandemic fades.
An Eviction Crisis Could Be Looming
Renters need income to be tenants. A virus-ridden economy is making that impossible for millions, and as moratoriums end, evictions are mounting. This Axios piece explores the issue from multiple perspectives.
Fannie Mae and Freddie Mac Extend Housing Market Lifelines
Alternative appraisals and employment verifications, online closing processes, and the authority to buy mortgages in forbearance were all extended until at least July 31. Meanwhile, Fannie Mae's latest Mortgage Lender Sentiment Survey offers mixed signals on the company itself and prospects of profits for major lenders.
Now on Millionacres:
Home Flipping Hits 14-Year High
ATTOM Data Solutions says flips accounted for 7.5% of all home sales in the first quarter of 2020 and shares some clues with investors on which markets might be best to explore.
Converting a Hotel Into a Multifamily Asset
A look at buying and converting distressed hotels into multifamily housing, including pros and cons, and Millionacres writer Brad Cartier's take on whether real estate investors should try to get in on the action.