February 2022 – REI INK

WORD OF THE DAY: Woodshed

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[WOOD-shed] Part of speech: Verb Origin: English, 18th century Definition: To practice a musical instrument Examples of Woodshed in a sentence “A musician who woodsheds several times a day will soon become a master of her instrument.” “The Band’s guitarist Robbie Robertson woodshedded so insistently he was known to take his guitar to the restroom.” About Woodshed “Woodshed” is a simple compound of “wood” and “shed,” a variant of “shade” derived from the Old English

Millennial Home Buyers in a Changing Real Estate Market

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Younger home buyers want a space to grow their family, but are facing unique challenges and intense competition with Boomer buyers The Millennial Generation, now in their late 20s to early 40s, are entering the housing market in higher numbers than ever before. Just a few years ago, this cohort was derided as forever renters or perpetually living at home with parents, but housing and mortgage statistics today indicate that

Redfin Reports Asking Rents Rose a Record 15% in January

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Portland and Austin saw the largest increases, with rents surging more than 30% year over year Average monthly asking rents in the U.S. increased 15.2% year over year to $1,891 in January, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This was the largest annual jump since at least February 2020. Meanwhile, the national median monthly mortgage payment for homebuyers climbed 25% year over year to $1,595,

ArborCrowd Launches Single-Family Build-to-Rent Investment Offering in Colorado Springs, CO

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Targeting 18% to 23% net internal rate of return over a two- to four-year hold period ArborCrowd, the first crowdfunding platform launched by a real estate institution, announced a new offering that allows investors to acquire equity interests in Selby Ranch, a single-family rental (SFR) and build-to-rent (BTR) development located in Colorado Springs, CO. with a total capitalization of $61.65 million. The offering enables individuals to invest in the SFR

WORD OF THE DAY: Advert

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[ad-VERT] Part of speech: Verb Origin: Late Middle English, 12th to 14th century Definition: Refer to in speaking or writing Examples of Advert in a sentence “My brother awkwardly adverted to Mom’s new boyfriend in front of our dad.” “The car’s previous owner did not advert to the vehicle’s history of accidents and repairs.” About Advert The basis of “advert” is the Latin “advertere,” meaning to direct one’s senses or attention, but the word itself

WORD OF THE DAY: Couchsurfing

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[/kouCHˈsərfiNG/] Part of speech: Verb Origin: English Definitions: 1. Sleeping on strangers’ couches while on vacation 2. Staying at a series of different places Examples of Couchsurfing in a sentence “Many college students go couchsurfing while studying abroad.” “With an adventurous spirit and a tight budget, she was no stranger to couchsurfing.” About Couchsurfing Originating with the company of the same name, couchsurfing is a free alternative to hotels and hostels that’s especially popular among