As Americans Struggle To Afford Mortgages, UWM’s Ishbia Tears Down Homes To Build Mansion

As Americans Struggle To Afford Mortgages, UWM’s Ishbia Tears Down Homes To Build Mansion

ByTMN Editor Reading Time: 3 minutes

By JARED WHITLEY Mat Ishbia is building his dream home in Michigan, and he’s tearing down five other homes to do it. It’s a display of extravagance that has housing advocates and social justice activists looking askance. At a time when Michigan is expected to lose thousands of affordable housing units over the next few years, particularly…

Investors Bought 80,000 Homes In Q4 2021

Investors Bought 80,000 Homes In Q4 2021

ByTMN Editor Reading Time: 2 minutes

Real estate investors bought 80,293 properties in Q4 2021, a record 18.4% of homes sold. Redfin reported that investor purchases were up from 43.9% YOY, though they fell 9.1% from Q3’s peak, likely due to stock shortages that impacted regular homebuyers and investors alike. Seasonality also contributed to the quarter-to-quarter drop, as the housing market…

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