2019 – Page 15

REI INK E-Newsletter Debuts

by Robert Rakowski
Comment Off
1,151 views

Welcome to the first newsletter of REI INK! REI INK is the weekly e-newsletter companion to the print version of REI INK magazine. Since REI INK is published bi-monthly, we thought it was important to send out weekly e-newsletters to keep our readers abreast of the changes occurring in our fast-paced industry, where breaking news occurs on an almost daily basis. We launched REI INK nationally at the Pitbull Conference in early March. The magazine was introduced to about 600 people as the “new kid in town” that has set a new standard for the real estate investment publishing industry. I could not agree more. Our talented staff did a tremendous job of putting the first issue together, and it’s only going to get better with age. Not only did we bring Monica Mansfield on board as our managing editor, but we also assembled a true editorial board (not just in name only to impress people) who will be helping to guide the magazine forward based on their experience and expertise. As a result of the team’s efforts, we attracted a new international client focusing on capital growth opportunities for investors in medical office buildings. We also gained the attention of some of the top names and companies in the real estate investment industry. And, the real achievement was adding Janet Moore to our team as the vice president of business development and marketing. It seems like everyone in the industry knows and respects Janet, so we were very lucky to get her on the team. We are moving forward at break-neck speed. The next issue is almost complete, the website is up and running, and you’re reading the first of our weekly e-newsletters. What’s in the works? E-mail campaigns for our clients, a media sponsorship for IMN, promotion campaigns by respected companies in the industry and lots more! We’re doing it all by being true to ourselves, respecting our competitors and providing over-the-top customer service. I would really welcome your feedback on both the newsletter and REI INK. Don’t hesitate to contact me at 816-623-0762 or email me at Robert@rei-ink.com. Also, be sure to visit www.rei-ink.com to read more articles and subscribe. Thank You and All the Best! Robert Rakowski, Publisher

by admin
Comment Off
1,096 views

ATTOM Data Solutions released is first quarter 2019 U.S. Home Sales Report on April 25. Among its findings are a slight dip in U.S. average homeownership tenure and average sales price gains. “We are starting to see homes sales prices and profit margins softening for the nation, and the average homeownership tenure did see a slight dip from last quarter,” said Todd Teta, chief product officer at ATTOM Data Solutions. “However, home prices are still above pre-recession peaks in 59 percent of local markets, and as the buying season starts to kick into gear, the next few months may provide even more answers to the question of whether a lasso is indeed around the market or if the recent trend is a temporary bump in the ride.” Average Sales Price Gains Homeowners who sold in the first quarter saw an average price gain of $57,500 since purchase, or an average 31.5 percent return on their original purchase price. That’s down from an average gain of $60,000 in first quarter 2018 but up from an average gain of $56,733 in first quarter 2018. Of the 123 metropolitan statistical areas included in the report, those with the highest average home seller returns in first quarter 2019 were San Jose, California (84.1 percent); San Francisco, California (70.9 percent); Seattle, Washington (63.1 percent); Modesto, California (59.7 percent); and Salt Lake City, Utah (56.5 percent). Homeownership Tenure Homeowners who sold in the first quarter owned their homes an average of 8.05 years. How does that compare to previous quarters? According to the report, that average represents a decrease from a record-high average of 8.17 years in the fourth quarter of 2018, but it is up from the first quarter of 2018 when the average tenure was 7.75 years. Before the Great Recession, homeownership tenure averaged 4.21 years nationwide between the first quarter of 2000 and the third quarter of 2007. Average homeownership tenure was down from a year ago in Kansas City, Tucson, Boston, Orlando and Oklahoma City, however. Those cities were among 25 of the 108 metro areas in the report to run counter to the national trend. Among major metropolitan areas with a population of at least 1 million, those with the longest average homeownership tenure for home sellers who sold in the first quarter were Hartford, Connecticut (12.52 years); Boston, Massachusetts (12.36 years); Providence, Rhode Island (11.15 years); San Francisco, California (10.40 years); and San Jose, California (10.27 years).

Jeremy Brandt: The Innovator Who is Making a Difference

by admin
Comment Off
5,269 views

Jeremy Brandt, CEO of WeBuyHouses.com, has just returned from a 10-day mastermind session in Cuba with nine other CEOs. They relaxed, smoked cigars and even toured a tobacco plantation while exchanging ideas.

Kansas City: Stable Growth in a Hot Market

by admin
Comment Off
2,419 views

Many locals boast that Kansas City, Missouri, is experiencing a modern-day Renaissance. They aren’t alone in their assessment. The metro has been racking up numerous national accolades the last few years.