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Venue


The Crowne Plaza
Times Square Manhattan

1605 Broadway at 49th Street
New York, NY 10019
Tel: 1-888-233-9527

Friday, June 21, 2013

11:00 a.m. -
Track: Residential View Track

THE REO-TO-RENTAL MOVEMENT: HAVE WE REACHED THE TIPPING POINT?

Moderator: Rick Sharga Executive Vice President, CARRINGTON MORTGAGE HOLDINGS, LLC
Panelist: Jed Kolko Chief Economist and VP of Analytics, TRULIA
Dan Madger Founder and Managing Director, ROCK CREEK CAPITAL
Diana Olick Real Estate Reporter, CNBC

In less than twelve months, the REO-to-Rental movement went from an interesting idea to everyone's favorite investment strategy.

But the anticipated bulk sales of foreclosed properties never materialized, as REO inventory levels dropped precipitously, and discounts on these homes shrunk rapidly. Aggressive purchasing by investors in hard hit markets has led to rapid home price appreciation, and left these investors with higher-than-anticipated vacancy rates while they repair and market the homes they've purchased.

 

Now, for the first time in several years, home prices are rising faster than rental rates in many markets, challenging investors' ability to deliver the returns they'd anticipated.

 

The panel will be discussing where we are in the lifecycle of this asset class (if, in fact, it's actually an asset class).

 

  • What does this mean for investors looking at this asset class?
  • Given the lack of inventory, rapidly-rising home prices, and declining/flattening rental rates in many markets, where does the REO-to-Rental movement go from here?
  • Are the strategies changing?
  • And how will investors successfully navigate this changing market?

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