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New Western

Full company profile

uuid00065a6

Namestring
New Western
Legal namestring
New Western
Websiteurl
newwestern.com
Company typeenum
Private
Founded yearint
2011
Descriptiontext

New Western operates an investor-only real estate investment marketplace that connects small and mid-market real estate investors with off-market, value-add residential properties — primarily single-family homes, small multifamily projects, and land — sourced through a network of licensed agents across 30+ U.S. markets. The platform combines a web marketplace at marketplace.newwestern.com with native iOS and Android applications, investor verification, criteria-based property alerts, and agent-mediated transaction execution from offer through closing. Its primary buyer-side segments are fix-and-flip investors and landlords, while supply is sourced from listing agents, wholesalers, and motivated homeowners selling as-is for cash.

The business model is brokerage-style with no monthly membership fee for investors; revenue is generated through transaction facilitation fees and commissions on properties bought through the marketplace, with licensed New Western agents capturing economics across the deal lifecycle. Go-to-market is a hybrid of self-serve marketplace access and inside/field sales, with agents proactively reaching out to verified investors within 48 hours of inquiry and providing boots-on-the-ground local market expertise. Marketing is multi-channel, spanning content (Investor Playbook, glossary, The Flipside annual report), earned media (Forbes, Inman, HousingWire, USA Today), social (YouTube, Instagram, LinkedIn, TikTok, Facebook), and community events (REI on Tap).

Underlying operations are anchored by a Texas-headquartered entity based in Irving, 501-1,000 employees, a cumulative $17B in marketplace sales volume, 250,000+ active investors, and a stated purchase rate of roughly one home every 13 minutes. The October 2025 acquisition of Big State Home Buyers added up to 8,200 annual investment opportunities and a dedicated seller-experience function, while the 2026 Flip Side Report quantifies the company's positioning around independent-investor dominance in the sub-$215,000 starter-home segment (83.75% market share, 120,193 homes delivered in 2025).

Short descriptiontext

New Western is a U.S. real estate investment marketplace connecting 250,000+ investors with off-market, value-add residential properties via licensed agents across 30+ markets, monetizing through transaction fees and brokerage commissions.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersIrving, United States
HQ citystring
Irving
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices30 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
real estate investment marketplace, off-market properties, fix-and-flip properties, real estate brokerage, investment property sourcing
Industry2 codes
1Traditional Residential Brokerage (Existing Homes)
CodeBPAJAAAAPrimaryYes
2Multifamily Brokerage
CodeBPAJABADPrimaryNo
NAICS code2 codes
  • Offices of Real Estate Agents and Brokers53121
  • Offices of Real Estate Agents and Brokers5312
SIC code1 code
  • Real Estate Agents & Managers (For Others)6531
Product category
Real Estate Investment Marketplace
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Transaction Facilitation
TypeTransaction Fee
Description

The company acts as a real estate investment brokerage, facilitating transactions between investors (buyers) and motivated sellers. Revenue appears to be generated through transaction fees or commissions on property sales facilitated through the marketplace.

newwestern.com
2Agent-Facilitated Services
TypeProfessional Services
Description

Licensed New Western agents work throughout the transaction process from offer to closing, generating revenue through brokerage services on completed transactions.

newwestern.com
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Pricing details1 tier
1No monthly membership fee to access marketplace
ModelFreemiumBilling cadencePay-as-you-go
Notes

Many companies charge a monthly membership fee to access their property lists. New Western does not charge monthly fees to access their inventory of off-market properties.

newwestern.com
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Brand1 record
1The Flipside
Description

Annual report/research publication released by New Western analyzing the role of local independent investors in delivering starter homes to market, also referred to as 'The Great Renovation' initiative.

newwestern.com
Core offering1 text field

New Western operates an investor-only real estate investment marketplace that connects verified real estate investors with off-market properties, including single-family homes, small multifamily projects, and land suited for fix-and-flip and buy-and-hold strategies. Licensed local agents in 30+ U.S. markets facilitate the full transaction lifecycle from offer through contract execution and closing. The company also provides seller services for homeowners, listing agents, and wholesalers seeking fast, as-is cash sales.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • 120,193 starter homes delivered by investors in 2025, outpacing traditional builders by 217%
+3 more records
Product overview1 text field

New Western operates a unified real estate investment marketplace platform connecting investors with exclusive off-market properties. The core New Western Marketplace provides investors access to distressed and value-add properties for fix-and-flip and rental strategies, complemented by Seller Services that connect homeowners, listing agents, and wholesalers seeking fast cash sales. The company offers a mobile app for iOS and Android, publishes The Flipside Report as an annual research product, and provides financing resources. The platform is supported by a network of licensed agents across 30+ U.S. markets.

Product and service5 records
1New Western Marketplace
CategoryCore Product
Description

An investor-only online marketplace offering verified real estate investors exclusive access to off-market properties including single-family homes, small multifamily projects, and land for strategies such as fix-and-flip and buy-and-hold.

2Seller Services
CategoryService Offering
Description

Service offering connecting homeowners, listing agents, and wholesalers with the New Western investor marketplace for fast, hassle-free cash sales of as-is, distressed, or off-market properties.

3Mobile App
CategoryPlatform
Description

Native iOS and Android mobile applications enabling verified investors to access the marketplace, browse off-market properties, receive property alerts, and manage their investment activity on mobile devices.

4Investment Property Financing Resources
CategoryService Offering
Description

Financing resources and guidance for real estate investors to secure funding for property acquisitions and rehabilitation projects through the marketplace.

5The Flipside Report
CategoryResearch Publication
Description

Annual research publication (also known as 'The Flip Side Report') analyzing the role of independent real estate investors in delivering starter homes, including market data and trends supporting New Western's 'Great Renovation' strategic narrative.

Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-10-21
Description

New Western acquired Big State Home Buyers, a company specializing in sourcing vacant and distressed homes in Texas, to expand its supply pipeline and accelerate its 'Great Renovation' strategy. The acquisition is expected to generate up to 8,200 additional investment opportunities annually. Big State's founder Brian Spitz joined New Western as Vice President of Seller Experience to lead seller-focused initiatives.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Online marketplace for single-family rental investment properties, directly comparable to New Western in serving real estate investors with curated property sourcing, marketplace tools, and transaction support.

TypeDirect peer
Description

Single-family rental investment platform enabling individuals to buy fractional or whole rental properties; competes for the same buy-and-hold investor segment as New Western's landlord customers.

TypeBroad incumbent
Description

Large iBuyer that purchases homes directly from sellers and resells them, overlapping with New Western's seller services and competing for motivated sellers willing to accept cash offers.

TypeBroad incumbent
Description

iBuyer operating a direct home-buying and resale model with local market presence in many of the same Sun Belt metros as New Western, competing for the same motivated seller pool.

TypeDirect peer
Description

Largest online community and resource hub for real estate investors, addressing the same fix-and-flip and landlord personas as New Western, though primarily via education/content rather than a transaction marketplace.

TypeEmerging player
Description

Home trade-in platform that facilitates move-buy and bridge-financing transactions, competing indirectly with New Western by serving home sellers who might otherwise have sold to investors.

TypeEmerging player
Description

Real estate platform connecting buyers, sellers, and agents with data-driven matchmaking; overlaps with New Western's investor-to-property matchmaking and agent coordination.

TypeEmerging player
Description

AI-driven real estate platform focused on agent productivity and lead conversion; targets some of the same agent and investor workflows as New Western's marketplace.

TypeBroad incumbent
Description

Real estate investment platform offering access to private real estate deals to individual investors; overlaps with New Western's mission of democratizing real estate investing though via pooled funds rather than direct property transactions.

TypeBroad incumbent
Description

Largest U.S. residential real estate marketplace; while not a direct investor marketplace, Zillow sets the competitive baseline for property data, agent leads, and online real estate transaction flows.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers4 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment5 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile5 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

New Western

Real Estate Investment Marketplacenewwestern.com

New Western is a U.S. real estate investment marketplace connecting 250,000+ investors with off-market, value-add residential properties via licensed agents across 30+ markets, monetizing through transaction fees and brokerage commissions.

What New Western does

New Western operates an investor-only real estate investment marketplace that connects small and mid-market real estate investors with off-market, value-add residential properties — primarily single-family homes, small multifamily projects, and land — sourced through a network of licensed agents across 30+ U.S. markets. The platform combines a web marketplace at marketplace.newwestern.com with native iOS and Android applications, investor verification, criteria-based property alerts, and agent-mediated transaction execution from offer through closing. Its primary buyer-side segments are fix-and-flip investors and landlords, while supply is sourced from listing agents, wholesalers, and motivated homeowners selling as-is for cash.

The business model is brokerage-style with no monthly membership fee for investors; revenue is generated through transaction facilitation fees and commissions on properties bought through the marketplace, with licensed New Western agents capturing economics across the deal lifecycle. Go-to-market is a hybrid of self-serve marketplace access and inside/field sales, with agents proactively reaching out to verified investors within 48 hours of inquiry and providing boots-on-the-ground local market expertise. Marketing is multi-channel, spanning content (Investor Playbook, glossary, The Flipside annual report), earned media (Forbes, Inman, HousingWire, USA Today), social (YouTube, Instagram, LinkedIn, TikTok, Facebook), and community events (REI on Tap).

Underlying operations are anchored by a Texas-headquartered entity based in Irving, 501-1,000 employees, a cumulative $17B in marketplace sales volume, 250,000+ active investors, and a stated purchase rate of roughly one home every 13 minutes. The October 2025 acquisition of Big State Home Buyers added up to 8,200 annual investment opportunities and a dedicated seller-experience function, while the 2026 Flip Side Report quantifies the company's positioning around independent-investor dominance in the sub-$215,000 starter-home segment (83.75% market share, 120,193 homes delivered in 2025).

New Western firmographics

Firmographics
Name
New Western
Legal name
New Western
Website
https://newwestern.com
Company type
Private
Founded year
2011
Operating status
Operating
Headcount range
501–1,000 employees
Short description
New Western is a U.S. real estate investment marketplace connecting 250,000+ investors with off-market, value-add residential properties via licensed agents across 30+ markets, monetizing through transaction fees and brokerage commissions.
Ownership category
akta.pro rank

New Western industry classification

Industry
Product category
Real Estate Investment Marketplace
NAICS
Offices of Real Estate Agents and Brokers (53121), Offices of Real Estate Agents and Brokers (5312)
SIC
Real Estate Agents & Managers (For Others) (6531)
akta.pro primary industry
Traditional Residential Brokerage (Existing Homes) (BPAJAAAA)
akta.pro secondary industry
Multifamily Brokerage (BPAJABAD)

Keywords

  • Real estate investment marketplace
  • Off-market properties
  • Fix-and-flip properties
  • Real estate brokerage
  • Investment property sourcing

Where New Western is headquartered

Location

Headquarters

HQ city
Irving
HQ country
United States
HQ region
North America

Offices30 records

Markets served

New Western business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

  1. Transaction Facilitation: The company acts as a real estate investment brokerage, facilitating transactions between investors (buyers) and motivated sellers. Revenue appears to be generated through transaction fees or commissions on property sales facilitated through the marketplace.
  2. Agent-Facilitated Services: Licensed New Western agents work throughout the transaction process from offer to closing, generating revenue through brokerage services on completed transactions.

Pricing tiers

ModelBillingPrice
FreemiumPay-as-you-goNo monthly membership fee to access marketplace

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

New Western product offering

Product offering

Core offering

New Western operates an investor-only real estate investment marketplace that connects verified real estate investors with off-market properties, including single-family homes, small multifamily projects, and land suited for fix-and-flip and buy-and-hold strategies. Licensed local agents in 30+ U.S. markets facilitate the full transaction lifecycle from offer through contract execution and closing. The company also provides seller services for homeowners, listing agents, and wholesalers seeking fast, as-is cash sales.

Product overview

New Western operates a unified real estate investment marketplace platform connecting investors with exclusive off-market properties. The core New Western Marketplace provides investors access to distressed and value-add properties for fix-and-flip and rental strategies, complemented by Seller Services that connect homeowners, listing agents, and wholesalers seeking fast cash sales. The company offers a mobile app for iOS and Android, publishes The Flipside Report as an annual research product, and provides financing resources. The platform is supported by a network of licensed agents across 30+ U.S. markets.

Differentiator

Problem solved

Functional benefit

Brands

  • The Flipside: Annual report/research publication released by New Western analyzing the role of local independent investors in delivering starter homes to market, also referred to as 'The Great Renovation' initiative.

Products and services

  • New Western Marketplace An investor-only online marketplace offering verified real estate investors exclusive access to off-market properties including single-family homes, small multifamily projects, and land for strategies such as fix-and-flip and buy-and-hold.
  • Seller Services Service offering connecting homeowners, listing agents, and wholesalers with the New Western investor marketplace for fast, hassle-free cash sales of as-is, distressed, or off-market properties.
  • Mobile App Native iOS and Android mobile applications enabling verified investors to access the marketplace, browse off-market properties, receive property alerts, and manage their investment activity on mobile devices.
  • Investment Property Financing Resources Financing resources and guidance for real estate investors to secure funding for property acquisitions and rehabilitation projects through the marketplace.
  • The Flipside Report Annual research publication (also known as 'The Flip Side Report') analyzing the role of independent real estate investors in delivering starter homes, including market data and trends supporting New Western's 'Great Renovation' strategic narrative.

Quantifiable outcome

  • 120,193 starter homes delivered by investors in 2025, outpacing traditional builders by 217%
  • +3 more outcomes

Companies that use New Western

Customer profile

Named customers4 records

Segments5 records

Ideal customer profiles5 records

New Western technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

New Western partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Big State Home BuyerscoreStrategic or Co-development Partner · 21 October 2025New Western acquired Big State Home Buyers, a company specializing in sourcing vacant and distressed homes in Texas, to expand its supply pipeline and accelerate its 'Great Renovation' strategy. The acquisition is expected to generate up to 8,200 additional investment opportunities annually. Big State's founder Brian Spitz joined New Western as Vice President of Seller Experience to lead seller-focused initiatives.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

New Western competitors and assessment

Company assessment

Direct peers

  • Roofstock: Online marketplace for single-family rental investment properties, directly comparable to New Western in serving real estate investors with curated property sourcing, marketplace tools, and transaction support.
  • Arrived Homes: Single-family rental investment platform enabling individuals to buy fractional or whole rental properties; competes for the same buy-and-hold investor segment as New Western's landlord customers.
  • BiggerPockets: Largest online community and resource hub for real estate investors, addressing the same fix-and-flip and landlord personas as New Western, though primarily via education/content rather than a transaction marketplace.

Broad incumbents

  • Opendoor: Large iBuyer that purchases homes directly from sellers and resells them, overlapping with New Western's seller services and competing for motivated sellers willing to accept cash offers.
  • Offerpad: iBuyer operating a direct home-buying and resale model with local market presence in many of the same Sun Belt metros as New Western, competing for the same motivated seller pool.
  • Fundrise: Real estate investment platform offering access to private real estate deals to individual investors; overlaps with New Western's mission of democratizing real estate investing though via pooled funds rather than direct property transactions.
  • Zillow: Largest U.S. residential real estate marketplace; while not a direct investor marketplace, Zillow sets the competitive baseline for property data, agent leads, and online real estate transaction flows.

Emerging players

  • Knock: Home trade-in platform that facilitates move-buy and bridge-financing transactions, competing indirectly with New Western by serving home sellers who might otherwise have sold to investors.
  • HomeLight: Real estate platform connecting buyers, sellers, and agents with data-driven matchmaking; overlaps with New Western's investor-to-property matchmaking and agent coordination.
  • Roof: AI-driven real estate platform focused on agent productivity and lead conversion; targets some of the same agent and investor workflows as New Western's marketplace.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

New Western social profiles

Digital presence

New Western financial estimates

Financial estimate

Revenue estimate

Valuation estimate

New Western leadership team

Management profile

Number of profiles

Profiles4 records

New Western subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

New Western funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

New Western M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Western

What does New Western do?

New Western operates an investor-only real estate investment marketplace that connects verified real estate investors with off-market properties, including single-family homes, small multifamily projects, and land suited for fix-and-flip and buy-and-hold strategies. Licensed local agents in 30+ U.S. markets facilitate the full transaction lifecycle from offer through contract execution and closing. The company also provides seller services for homeowners, listing agents, and wholesalers seeking fast, as-is cash sales.

Is New Western a public or private company?

New Western is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was New Western founded?

New Western was founded in 2011. It employs 501 to 1,000 people.

Where is New Western based?

New Western is headquartered in Irving, United States, in the North America region.

How does New Western make money?

Two revenue lines are on record. Transaction Facilitation is the primary driver. The others are agent-Facilitated Services.

Who are New Western's main competitors?

Direct peers on record are Roofstock, Arrived Homes and BiggerPockets. Broad incumbents are Opendoor, Offerpad, Fundrise and Zillow. Emerging players are Knock, HomeLight and Roof.

Does New Western have an API?

No public API is recorded for New Western.

What industry is New Western in?

New Western's product category is Real Estate Investment Marketplace. Its primary akta.pro industry code is BPAJAAAA, Traditional Residential Brokerage (Existing Homes), with a secondary code of BPAJABAD, Multifamily Brokerage. Its NAICS code is 53121 and its SIC code is 6531.

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Live signals
HousingWireLocal investors outpace builders in delivering starter homesNew Western released its 2026 Flip Side Report finding that independent real estate investors delivered 120,193 starter homes in 2025, compared with just 37,931 homes supplied by traditional builders — representing 217% more entry-level inventory from investors. The report highlights that small investors dominate the sub-$215,000 price segment with 83.75% market share and argues that existing vacant and underutilized homes, rather than new construction, represent the primary source of attainable housing for first-time buyers. This shift, termed "The Great Renovation," suggests investors are converting distressed properties into move-in-ready homes that generate over $20.9 billion in agent commissions.HousingWireFix-and-flips fill a critical entry-level home vacuum, data revealsFix-and-flip investors delivered 120,193 homes priced below $261,000 to entry-level homebuyers in 2025, outpacing homebuilders who sold 37,931 homes below that price threshold, according to a data analysis from real estate investment platform New Western. The report argues that small, independent investors play a critical role in addressing America's housing crisis by revitalizing homes that would otherwise remain underutilized or uninhabitable, particularly in rural areas and dilapidated urban neighborhoods. The analysis further notes that while new home sizes have declined from 2,465 square feet in 2015 to 2,155 square feet in 2024 due to affordability constraints, homebuilders continue to build fewer starter homes compared to historical levels.PR NewswireLocal Investors Outpace Builders by 217% in Delivering Starter Homes to Market as Affordable Housing Shortage DeepensNew Western released its 2026 Annual Flip Side Report showing that local independent investors delivered 216.9% more starter homes (120,193 units) than builders (37,931 units) in 2025, accounting for 83.75% of new inventory under $215K and becoming the primary source of affordable entry-level housing. The report identifies over 15 million vacant homes nationwide and 6.7 million occupied homes needing significant repair as a vast pipeline for revitalization, while investor-driven transactions generated $20.9 billion in listing agent commissions. The findings argue that small-scale renovation of existing homes represents a structural shift in housing supply that can expand attainable inventory without requiring new land development.HousingWireNew Western acquires Big State Home BuyersNew Western, the nation's largest homebuyer, has acquired Big State Home Buyers, a Houston-based company specializing in sourcing vacant and distressed homes. The acquisition aims to expand New Western's supply pipeline, leveraging Big State's track record of sourcing over 10,000 home opportunities in the past 24 months, with the combined entity expected to generate up to 8,200 additional investment opportunities annually once fully integrated. Brian Spitz, founder of Big State Home Buyers, will join New Western as vice president of seller experience following the acquisition.PR NewswireLocal Investors Outpace Builders in Delivering Affordable Homes, New Western's Flip Side Report RevealsNew Western released its Flip Side Report showing that small, independent local investors are delivering more homes to buyers than traditional builders in most U.S. markets, having brought 30,852 revitalized homes to market in 2025 compared to 18,973 new builds sold in the same period. These revitalized homes are 35% to 80% more affordable than new construction and 17% more affordable than the market median existing home sales, representing a significant but underreported force in addressing the nation's housing affordability gap. Institutional investors account for just 1.93% of all home purchases, with 93.4% of investment activity coming from small, local operators who generate nearly $1 billion in Q1 realtor commissions.PR NewswireReport Finds Local Real Estate Investors on the Verge of Outperforming BuildersNew Western, a national real estate investment marketplace, released a report finding that local real estate investors are delivering flipped homes at 21% below average sales prices across 42 markets in 2023, with 91% of surveyed investors expecting business growth despite market conditions. The report shows 68,000 new investors were added to the platform in 2023, and in specific markets like Boston, Indianapolis, and Denver, flipped homes are selling below median prices while millions of vacant homes remain available for renovation. NAHB's chief economist noted that higher costs and interest rates remain obstacles to housing affordability even as local investors contribute to new inventory.Business InsiderA wave of inventory could hit the housing market in the coming years as 24 million homes present an opportunity for fix-and-flip investors, brokerage saysNew Western says up to 24 million US homes will enter prime age for renovation by 2027, creating opportunities for fix-and-flip investors. Investor activity in cities like Houston, Raleigh, and Atlanta rose over 20% in the second half of the year. The report notes tight inventory and high mortgage rates, with the median home price at $413,000.PR NewswireFortune and Great Place To Work Name New Western to 2023 Best Workplaces in Real Estate™, Ranking No. 23Great Place To Work and Fortune selected New Western for the 2023 Fortune Best Workplaces in Real Estate list, ranking the company at No. 23 based on survey responses from over 27,000 employees at Great Place To Work Certified companies in the real estate industry. The award recognizes companies that offer positive workplace experiences for employees regardless of job role, race, gender, or other demographic factors. Amy Rosellini, Chief People Officer at New Western, stated that the recognition is a testament to the company's commitment to a culture that celebrates success.PR NewswireNew Western Ranks in Inc. 5000 for Fourth Year in a RowNew Western, the largest national private source of fix-and-flip residential investment properties, has been ranked at number 4,196 on the 2023 Inc. 5000 list of fastest-growing private companies in America. The company has achieved over 40 percent year-over-year growth from 2020 to 2022 despite ongoing housing inventory shortages and rising interest rates. Since 2008, New Western has transacted more than $15 billion worth of residential real estate, buying a property approximately every 13 minutes.BenzingaNo End In Sight For Housing Shortage Even Though 830,000 New Homes Are Expected To Be Built This YearA survey by real estate investment marketplace New Western of 1,350 investors found that 60% believe the U.S. is in a housing shortage, with 80% selling renovated homes at or above asking price and 31% cheaper than new homes in the same market. About 830,000 new homes are expected to be built this year, with another 350,000 homes projected to be rehabilitated and flipped, as investors see the shortage as an opportunity. Industry analysts note that new listing data is at all-time lows, and if mortgage rates fall, housing demand could surge from current low levels.