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6 Things to Know About Wall Street Firms Buying up Homes

6 Things to Know About Wall Street Firms Buying up Homes
businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.

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Black Renters More Likely To Be Evicted By Corporate Landlord, Report Finds

By Cherranda Smith
Photo: Getty Images
Renters in predominantly Black communities were more likely to be evicted than white renters, a newly released report found. The report, published by the Private Equity Stakeholder Project, found that two corporate-owned properties filed 500 evictions within the first three months of 2021. Pretium Partners, the nation’s second-largest owner and operator of single-family rental homes, owns both of the properties named in the report –– Progress Residential and Front Yard Residential.
Nearly half of the evictions filed by the companies were concentrated in two majority-Black counties in Georgia, DeKalb and Clayton and occurred during the height of the pandemic, as reported by the ....

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Feds target evictions by some of America's biggest landlords

In Houston, Tampa and the Atlanta suburbs, most eviction cases come from corporate landlords, according to advocacy group. ....

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Eviction crisis looms as CDC moratorium hangs in the balance

236 5 minutes read
A federal district court judge on May 4 overturned the Centers for Disease Control’s moratorium on evictions, scheduled to be in effect until June 30, 2021. This decision overturning the order appears overreaching and has been stayed, at least temporarily, based on an appeal by the U.S. Department of Justice.
However, coming on the heels of successful challenges to the eviction moratorium in other jurisdictions, it is indicative of how landlords are licking at their chops to begin throwing millions of renters out onto the streets as soon as possible. These imminent evictions will exacerbate a disaster that was already in the makings before the COVID pandemic struck. ....

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Fix-and-flippers face stiffer competition in the housing market

Fix-and-flippers face stiffer competition in the housing market
nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.

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