2021 – Page 18

Vacant Zombie Properties Decline In Third Quarter As Foreclosure Moratorium Ends

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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

Offerpad to Become Publicly Traded Following Completed Business Combination With Supernova

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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

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

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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

Redfin Reports 9% Increase in Pending Home Sales

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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

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

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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

How Realtors Can Best Work With Investors in a Small Market

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Learn to Speak the Investor Language by Scott Russell As a real estate professional, I have years of experience working with investors for both residential and commercial investment properties in Asheville, in particular. With moving patterns shifting due to the pandemic, investment properties are becoming more relevant, especially when it comes to apartment buildings and single-family residences. Therefore, if you’re a realtor working in a small market, you need to