REI INK

Low-Income Renters Left Out of Pandemic Savings

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Home values continued their march upward in February, matching record monthly growth from months prior, according to Zillow’s February Market Report. While home sales and appreciation soared over the course of the pandemic, rent growth slowed, seemingly a boost for rent affordability. However, it was often the more-expensive areas of metros that softened the most, providing little respite for renters in lower-priced areas.  Rents have largely flatlined nationally during the pandemic

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DLP Bancshares Inc., an affiliate of DLP Real Estate Capital, to Acquire Sunnyside Bancorp, Inc.

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Sunnyside Bancorp, Inc. (OTCBB: SNNY) announced that it had entered into an agreement with DLP Bancshares, an affiliate of DLP Real Estate Capital, a private financial services and real estate investment firm, pursuant to which DLP Bancshares would acquire Sunnyside Bancorp and its subsidiary, Sunnyside Federal Savings and Loan Association of Irvington (“Sunnyside Federal”). Under the terms of the agreement, shareholders of Sunnyside Bancorp will receive $15.55 in cash per

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COVID Cash Kicks Off New Policy Era for CRE

Besides providing a short-term boost to the commercial real estate segments most affected by the pandemic, the $1.9 trillion COVID-19 relief package signed into law by President Joe Biden promises to be a taste of the type of progressive policymaking Democrats will implement while they control Congress. The American Rescue Plan funds a wish list of programs sought by the industry, including nearly $40 billion of aid for rental housing,

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U.S. Foreclosure Activity Sees An Uptick In February 2021, But Still Down Significantly From Last Year

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ATTOM Data Solutions, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), a foreclosure listings portal, today released its February 2021 U.S. Foreclosure Market Report, which shows there were a total of 11,281 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 16 percent from a month ago but down 77 percent from a year ago. “Extensions to the Federal Government’s foreclosure moratorium

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iBuyer Market Continues Slow Recovery

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The nation’s top iBuying companies purchased 3,505 homes in the fourth quarter of 2020, down 48% from a year earlier, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That represents 0.3% of homes that sold across the 418 U.S. metropolitan areas tracked by Redfin in the fourth quarter, down from 0.8% a year earlier but up slightly from 0.2% in the third quarter of 2020.  Redfin analyzed

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NATIONWIDE TITLE CLEARING WINS GOLD AND SILVER STEVIE® AWARDS IN SALES & CUSTOMER SERVICE

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Nationwide Title Clearing was presented with a Gold and three Silver Stevie® Awards in the Sales Representative of the year, Senior Sales Executive of the Year, National Sales Team of the Year and Customer Service Department of the Year categories in the 2021, 15th annual Stevie Awards for Sales & Customer Service. The Stevie Awards for Sales & Customer Service are the world’s top honors for customer service, contact center,

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