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.
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25,% resulting in 1,900 jobs lost.
Americans May Be Stuck — But Why?
Americans are moving a lot less than they once did, and that is a problem. While Yoni Applebaum, in his highly-publicized article Stuck, gets the reasons badly wrong, it's still important to ask: why are we moving so much less than before?
Placekeeping: Setting a New Precedent for City Planners
How a preservation-based approach to redevelopment and urban design can prevent displacement and honor legacy communities.
How the ‘Direct Vision’ Design Approach Saves Lives
Designing large trucks to ensure better visibility for drivers can reduce fatal crashes and improve workplace safety.
San Diego Swaps Parking Lane for Kid-Friendly Mini Park
The block-long greenway will feature interactive play equipment and landscaping.
Tracking the Invisible: Methane Leaks From LA’s Neighborhood Oil Sites
Environmental advocates are using infrared technology to monitor and document methane leaks from neighborhood oil sites, filling regulatory gaps and pushing for stronger protections to safeguard community health and the climate.
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.
Caltrans
Heyer Gruel & Associates PA
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Salt Lake City
NYU Wagner Graduate School of Public Service
City of Cambridge, Maryland