She found herself driving by to visit the house to see how it was doing after it sold. "I cross-referenced a bunch of the addresses and found out they were all then being rented out by the same rental management company," she said. She heard me talking about this story and said she just sold her house to an iBuyer and wanted to know more about it. And, it was less than 20 hours, when it hit the MLS from post to offer," said Sky Schaudt, senior digital editor for KJZZ. "So, I put my house on the market at the end of June - June 27, I think. Now, with foreclosure inventory shrinking, investors are turning to traditional home owners to stock up on houses by using iBuying technology. So you have a lot of demand," said Gary Beasley, CEO and co-founder of Roofstock, an iBuyer company that purchases homes and then converts those properties into rentals.Īfter the Great Recession, institutional investors became some of the biggest buyers of foreclosed homes, buying properties at a discount and converting them into single-family rentals. "You’ve got the highest employment growth on a percentage basis of any of the large cities in the country. And it is quickly gaining momentum in Phoenix. It’s done on behalf of real estate investors who then bundle the properties for resale. It’s called iBuying, where real estate companies buy homes directly from homeowners with all-cash offers without an appraisal. Now, a new technology-driven process is selling homes even faster, drying up the market and driving up home prices even more. For more information about the Section 8 Housing Choice Voucher Program please click here.A home for rent in north Phoenix in September 2019.īuy or rent? Sell or stay? These are tough questions to answer for anyone, but especially tough in Phoenix where home prices are rising faster than anywhere else in the nation and there’s not enough homes available to keep up with demand. The maximum housing assistance is generally the lesser of the payment standard minus 30% of the family's monthly adjusted income or the gross rent for the unit minus 30% of monthly adjusted income. ![]() The PHA calculates the maximum amount of housing assistance allowable. ![]() The housing voucher family must pay 30% of its monthly adjusted gross income for rent and utilities, and if the unit rent is greater than the payment standard the family is required to pay the additional amount.īy law, whenever a family moves to a new unit where the rent exceeds the payment standard, the family may not pay more than 40 percent of its adjusted monthly income for rent. However, the payment standard does not limit and does not affect the amount of rent a landlord may charge or the family may pay. The PHA determines a payment standard that is the amount generally needed to rent a moderately-priced dwelling unit in the local housing market and that is used to calculate the amount of housing assistance a family will receive. Search the largest affordable housing listings network in the country, save your favorite properties and search criteria, plus, connect directly with property owners.Ī family which receives a housing voucher can select a unit with a rent that is below or above the payment standard. Free registration gives you access to all property listing information, online applications, waiting list updates, saved searches, new listing alerts, and more. Free listings include online applications, waiting lists, intuitive tenant matching, affordability calculators, integrations with government programs like section 8, and more.įind your next home on the most visited property listing service for affordable and moderately priced rentals in the Country. List your properties for free on the most visited property listing service for affordable and moderately priced rentals in the country. As the largest source for affordable housing options online, our focus is to bring together Owners and Renters who are in search of the perfect affordable housing opportunities.
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