REI INK

U.S. Home Price Index Annual Growth Reaches All-Time High in July, CoreLogic Reports

  • by
  • Comment Off
  • 497 views

In July, the 12-month rise in U.S. Home Price Index reaches record-setting 18% Areas with lower population density remain in high demand; lead the way in price growth CoreLogic, a leading global property information, analytics and data-enabled solutions provider, released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for July 2021. With mortgage rates remaining near record lows, the ongoing challenges of persistent demand and constricted supply continue to put upward

Read More

Vacant Zombie Properties Decline In Third Quarter As Foreclosure Moratorium Ends

  • by
  • Comment Off
  • 592 views

Zombie Foreclosures Comprise Only One of Every 13,060 Residential Properties in U.S.; Number of Zombie Properties Drops 7 Percent Across Nation in Third Quarter of 2021; But Counts Could Increase as National Foreclosure Moratorium is Lifted ATTOM, curator of the nation’s premier property database, released its third-quarter 2021 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,332,706) residential properties in the United States sit vacant. That represents 1.4 percent, or

Read More

Offerpad to Become Publicly Traded Following Completed Business Combination With Supernova

  • by
  • Comment Off
  • 346 views

OfferPad, Inc. (“Offerpad”), a leading tech-enabled platform for buying and selling residential real estate, and Supernova Partners Acquisition Company, Inc. (NYSE: SPNV) (“Supernova”), a publicly traded special purpose acquisition company, completed their previously announced transaction to take Offerpad public. The newly formed company, named Offerpad Solutions Inc. (“Offerpad Solutions”, the “Company” or the “combined company”), uses technology-enabled solutions, including iBuying, to remake the home selling and buying experience by offering

Read More

Latest Data from HouseCanary Indicates Home Listing Prices Have Plateaued Despite Sustained Short Supply

  • by
  • Comment Off
  • 319 views

Listing Price Growth Continued to Plateau for the Third Consecutive Month, With Median Price of Single-Family Listings Down 1.9% Month-Over-Month Sale-to-List Price Ratio Continues to Benefit Sellers, But Has Fallen Slightly From Its Peak in June Competitive Market Environment Persists Amid Inventory Deficit, With Nationwide Median Days on Market Down 18.4% Year-Over-Year HouseCanary, Inc. (“HouseCanary”), a national brokerage known for its real estate valuation accuracy, released its latest Market Pulse report, covering

Read More

Redfin Reports 9% Increase in Pending Home Sales

  • by
  • Comment Off
  • 315 views

Homes are also taking longer to sell, but prices are up 15% from a year ago Pending home sales rose 9%, the slowest growth since June 2020, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. More home sellers have started slashing their prices—another sign of softening seasonal homebuyer demand. Still, prices remain elevated, up 15% from a year earlier. Additionally, the actual number of pending sales fell to

Read More

Nomad Sets Its Sights on Becoming the Leader in the Landlord Insurance Industry

  • by
  • Comment Off
  • 1,098 views

Think of Nomad as Your Perfect Tenant After completing a successful venture capital raise, PJ O’Neil and Matt Thelen launched Nomad in Denver, Colorado, in 2020. Having been landlords themselves, O’Neil a “deliberate” landlord and Thelen an “accidental” landlord, they both knew of the potentially troubling consequences of tenants not paying their rent. Before co-founding Nomad, their paths crossed going back to their college days, but they did not even

Read More