- The U.S. currently has 481 million-dollar cities, in which the typical home value is at least $1 million. - Idaho, Montana and Tennessee gained million-dollar cities for the first time, although most exist within eight coastal metros. - There are more new $1 million cities this year than there...
Month: February 2022

LRES Welcomes Natalie Harrison as Director, Vendor Management
LRES Corporation, a provider of real estate appraisals and evaluations, asset management, and commercial trustee services, has expanded its leadership team to include industry veteran, Natalie Harrison, as Director of Vendor Management. Ms. Harrison oversees the management of LRES' national panel...
Redfin Reports Homebuyers’ Monthly Payments Up 25% to Record High
People who need to move now are pinched by rising mortgage rates, sky-high home prices and rising rents The estimated monthly mortgage payment for a typical home for sale rose 25% year over year—or $388—to a record $1,931, according to a new report from Redfin (redfin.com), the...

WORD OF THE DAY: Inglenook
[ING-ɡəl-nook] Part of speech: Noun Origin: Scottish, late 18th century Definition: A space on either side of a large fireplace Examples of Inglenook in a sentence "The central feature of the living room was the inglenook." "Some historical homes have inglenook fireplaces...

Entera Welcomes Chief People Officer, Jeffrey Belanger and SVP of Growth, Alejandro Guerrero
Entera, the leading platform for single-family real estate investors, announced the appointment of Jeffrey Belanger as Chief People Officer (“CPO”), and Alejandro Guerrero as the Senior Vice President of Growth to Entera’s executive leadership team. In their roles, Belanger will be responsible for...
RealtyTrac® Data Shows Increase in Share of Real Estate Investor Purchases
More Investors Paying with Cash, But Pricing Discounts Decline Real estateinvestor purchases accounted for 16.4% of all home purchases nationally in Q3 2021 compared with 11.7% in Q3 2020, a year-over-year increase of just over 40 percent, according to the RealtyTrac® Investor Purchase...

Word of the day: Equable
[EK-wə-bl] Part of speech: Adjective Origin: Latin, mid-17th century Definitions: 1. (of a person) Not easily disturbed or angered; calm and even-tempered. 2. Not varying or fluctuating greatly. Examples of Equable in a sentence "Dad is easier to bargain with because of his...

Word of the Day: Tête-à-tête
[ted-ə-TET] Part of speech: Noun Origin: French, late 17th century Definitions: 1. A private conversation between two people. 2. An S-shaped sofa on which two people can sit face to face. Examples of Tête-à-tête in a sentence "The world leaders had a private tête-à-tête before...
Invitation Homes Announces Lead Investment in Pathway Homes
Company investment broadens opportunity and choice in the overall housing market Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”) announced it has committed to providing $250 million of equity capital to launch Pathway Homes (“Pathway”), a new real estate...