SFR

Contract closings decreased by 2.7 percent in April, to an annualized 5.85 million.

Rents on U.S. single-family rental homes rose by 4.3 percent in March, according to an index from CoreLogic Inc.

The surge is, in many ways, a snapshot of what’s happening across the U.S., where tight inventory and low mortgage rates are fueling prices.

Transcendent Electra plans to acquire or develop rental housing totaling $3 billion over the next three years.

With occupancies north of 95 percent, some single-family rental REITs are raising rents by nearly 10 percent on vacant units.

The company raised rents by 7.9 percent on new leases, the highest increase on record.

The S&P CoreLogic Case-Shiller index of property values climbed by 12 percent in February compared to a year ago.

The bank plans to invest in digital mortgage offerings as part of a broader three-year, $1 billion initiative.

Investors with small portfolios are more likely to feel the pain from tenants that have been unable to stay current on rents than REITs or private equity funds.

The Consumer Financial Protection Bureau estimates 1.7 million consumers will exit U.S. forbearance relief programs in September.