Bullas

REAL ESTATE

Bullas

rental

HUD HOMES 

Find Affordable Rental Housing | USAGov

[email protected]_84 , , , ,

Learn about government programs that help low-income people find affordable rental housing. Each of the programs – subsidized housing, public housing, and housing choice vouchers – is different. Get the details on how they work, who is eligible, and how to apply.

New Public Health Eviction Ban For Renters

A new federal eviction ban is in place for renters hurt by job loss during the coronavirus pandemic.

The ban, ordered by the Centers for Disease Control and Prevention (CDC), runs from September 4 through December 31, 2020. If you’re facing eviction, you should sign this CDC form attesting to your situation and turn it into your landlord.

The CDC form lists several conditions that you must agree are true:

  • You’ve tried to get government rent or housing assistance

  • You either:

    • Expect to earn no more than $99,000 in 2020 ($198,00 if you’re a couple filing joint)

    • Didn’t have to report

… Read More Read more
FLORIDA REAL ESTATE 

Real estate company knocks down reports Tom Brady is closing in on $7.5 million mansion after Jeter puts Tampa rental up for sale

[email protected]_84 , , , , , , , , , , , , , ,

Tampa Bay Buccaneers quarterback Tom Brady appeared to make himself at home with his new team after tossing five touchdowns last weekend.

Finding a permanent home for his family, however, may not be going as smoothly.

The New York Post on Thursday knocked down reports that the 43-year-old Brady is reportedly interested in a $7.5 million Tampa Bay-area mansion located in a private community.

Brady and his family have been living in Derek Jeter’s mansion in the Tampa area since April when he signed with the Buccaneers but Jeter is in the process of selling the home.

According to TMZ, the six-time Super Bowl champ is in the later phases of negotiations of the custom-built five-bedroom home in a gated community in Clearwater, Florida. The site reported that he could close at some point this week.

The 8,548 square feet home has 5 full baths and 3 half baths and

… Read More Read more
HOMES 

London Luxury Homes Suffer Worst Rental Slump in Over a Decade

iw[email protected]_84 , , , , , , ,

(Bloomberg) — It’s a pretty good time to be renting a posh London pad.

The price to lease a home in the capital’s wealthiest areas slumped by an annual 8.1% in September, the steepest in more than 10 years, according to broker Knight Frank. Landlords are flooding the market with short-term rentals as tourists stay away from the capital, and more owners are opting to rent out properties amid the pandemic uncertainty.

The pain for owners in London’s priciest districts will likely continue into the current quarter, with Knight Frank forecasting a 9% decline for the whole year. Step outside the capital, though, and it’s a different story: nationwide rents are going in the other direction as renters search for homes with more space and larger gardens.



chart, histogram: London's Falling

© Bloomberg
London’s Falling

Rents also slipped as international students snubbed high-end properties in central London, the report said. Less interest from corporate

… Read More Read more
HOMES FOR SALE BY OWNER 

Dallas-based Invitation Homes forms new venture to buy up to $1 billion in rental homes

[email protected]_84 , , , , , , ,

Dallas-based Invitation Homes, the country’s largest rental home owner, is forming a joint venture with a private equity firm to buy up to $1 billion in single-family homes in Dallas, Seattle, South Florida and a dozen other U.S. markets.

Invitation Homes, which owns 80,000 homes, announced the venture with Rockpoint Group LLC on Wednesday. The companies will initially invest $375 million, with Rockpoint putting $300 million into the buying spree.

“We believe both the fundamentals in our sector and the need for high-quality rental housing in the U.S. are as strong as they have been in our company’s history,” said a statement from Invitation Homes CEO Dallas Tanner.

Single-family home rental companies grew out of the 2008 financial crisis, with Wall Street titans like Blackstone Group Inc. investing heavily in buying up distressed properties. Blackstone launched Invitation Homes but cashed out last year, netting billions in profit.

This year, Invitation

… Read More Read more
HOMES 

Investors Pile Into U.K. Rental Homes as Covid Hits Young Buyers

[email protected]_84 , , , , , , ,

(Bloomberg) — Investors are pouring record amounts of cash into new U.K. rental homes, betting that demand will remain high as the pandemic batters the economy and puts ownership out of reach for more first-time buyers.

Investment in purpose-built rental apartments and houses will hit 4 billion pounds ($5.2 billion) this year, up from 2.8 billion pounds in 2019, according to a report from broker Knight Frank and residential property review site HomeViews. The market has so far proven resilient to the Covid-19 downturn, with rent collection averaging 95% in the period from March through August, according to the report.



chart: Generation Rent

© Bloomberg
Generation Rent

Demand for rental housing in the U.K. has been growing for years, with one in five households renting privately, up from one in 10 in 2001, the report said, citing the English Housing Survey. The coronavirus has accelerated this trend, with soaring house prices, tighter lending

… Read More Read more
FORECLOSED HOMES 

If rental assistance isn’t in the next stimulus, there will be bankruptcies, foreclosures | Opinion

[email protected]_84 , , , , , ,

By David Brogan

Regardless of your political persuasion, the stalemate between Speaker of the House Nancy Pelosi and Senate Majority Leader Mitch McConnell can make anyone cringe. This is especially true if you are one of the 40 million renters in this country, many of whom are struggling to make ends meet, and who desperately need rental assistance. I’m not quite sure if congressional leadership refuses to recognize the exponential benefits of rental assistance or if they just don’t have the ability to see how beneficial rental assistance would be to our quality of life, our economy and our local and state governments, but it’s time to wake up.

I say to Congress, “Rental assistance, WTF!?” WTF stands for “Where’s The Funding?”

The trillions of dollars in stimulus aid since the beginning of this pandemic has helped people on unemployment, it has helped hospitals, and it has helped small and

… Read More Read more