Amherst Holdings, a large-scale single family landlord, has rolled out a subsidiary to buy and renovate houses for resale.
Taking advantage of a tight housing market, Patrick Clark writes, a wide field of companies is trying to make a profit by simplifying the home buying process. One of them, Amherst Holdings LLC, has launched a service called Bungalo Homes, "packaging a series of features it says can improve the experience of buying a home. The company is offering no-haggle pricing, listing homes for sale on its website and promising to sell to the first pre-approved buyer to meet its price."
It's also offering warranties, mortgages, and features to help buyer manage all the moving pieces. Bungalo's business model is essentially home flipping: it acquires and fixes up properties and resells them, betting that its platform will attract buyers who must otherwise "to shoot first and ask questions later."
In its main line of business, Amherst Holdings owns or manages around 20,000 single family rentals. Executives cite that expertise as a selling point for Bungalo, which launched this month with 25 renovated homes listed in Dallas and 10 in Tampa, Florida.
FULL STORY: Big Single-Family Landlord Bets $1 Billion on the Home-Flipping Business
Million-Dollar Homes Becoming Standard Fare Across Los Angeles
As households with means seek to escape crowded apartment buildings and take advantage of historically low mortgage rates, average home prices of over $1 million are proliferating across the LA region.
Fannie Mae Economists Predict Slow Housing Market in 2025
A December report forecasts a continued “lock-in effect” due to high mortgage rates and a low production of multifamily housing.
U.S. Home Sales to Foreign Buyers Drop by Almost 10 Percent
International purchases of homes on the U.S. housing market slowed in the last year.
What ‘The Brutalist’ Teaches Us About Modern Cities
How architecture and urban landscapes reflect the trauma and dysfunction of the post-war experience.
‘Complete Streets’ Webpage Deleted in Federal Purge
Basic resources and information on building bike lanes and sidewalks, formerly housed on the government’s Complete Streets website, are now gone.
What Trump’s Executive Orders Mean for US Housing Programs
Orders related to DEI and accessibility, among others, may threaten housing programs for those who need them most.
University of Hawai‘i Appoints New Architecture School Dean
The University of Hawai‘i at Mānoa has named Mo Zell as the new dean of its School of Architecture, bringing over two decades of experience in academia, innovative educational programs, and industry partnerships to advance design education.
Part of San Francisco Waterfront Highway to Become Pedestrian-Only in April
Two miles of the ‘Great Highway’ will be permanently closed to cars, in part due to erosion that makes the road unsafe for vehicles.
El Paso Wastewater Purification Facility Breaks Ground
As water supplies become strained and technology advances, cities look to wastewater as a viable source of drinking water.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
North Jersey Transportation Planning Authority (NJTPA)
Economic & Planning Systems, Inc.
UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
Chaddick Institute at DePaul University
City of Piedmont, CA
Great Falls Development Authority, Inc.
HUDs Office of Policy Development and Research