Homebuyer Competition Ticked Up in February, Hitting Record High

Bidding Wars Are Intensifying at a Slower Pace Than They Were at the Start of the Pandemic By Lily Katz, Senior Data Journalist at Redfin Nationwide, 68.6% of home offers written by Redfin agents faced bidding wars on a seasonally adjusted basis in February—the highest level in Redfin’s records, which date back to April 2020. That’s up slightly from a revised rate of 68% in January and 60.2% a year

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WORD OF THE DAY: Autodidact

[aw-toh-DIE-dakt] Part of speech: Noun Origin: Greek, late 18th century Definitions: A self-taught person; a person who learned through methods outside of formal education Examples of Autodidact in a sentence “He loves being homeschooled and proudly calls himself an autodidact.” “Thanks to unlimited how-to videos and courses on the internet, anyone can be an autodidact.” About Autodidact An autodidact is a self-taught person who hasn’t received any formal education or training in their chosen skill

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ResView Partners With RhinoWare Strengthening SFR Oversight

Both Groups Are Poised To Lead The Industry With Forward Thinking And Innovation ResView is a technology-based company that assists large property managers and institutional investors in the Single Family Residential (SFR) space with software to run and operate their businesses. This includes construction oversight, vendor management, real estate purchasing software, broker licensing, and home warranty products. ResView has announced its partnership with RhinoWareIT, a technology company for the real estate industry that

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WORD OF THE DAY: Fatuous

[FA-tchoo-əs/] Part of speech: Adjective Origin: Latin, early 17th century Definitions: Silly and pointless; Lacking intelligence Examples of Fatuous in a sentence “He thought the decorative pillows were fatuous, but they made his mom happy.” “The teacher got frustrated by the fatuous questions that showed the students hadn’t been paying attention.” About Fatuous The word fatuous is a clever adjective used to describe someone lacking in intelligence, or something that is just plain pointless. You

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ServiceLink Welcomes Jamie Rey-Hipolito as Vice President of Single-Family Rental

Industry veteran brings decades of real estate operations and asset management experience to mortgage leader ServiceLink is expanding its leadership team to better meet the needs of single-family rental investors by appointing Jamie Rey-Hipolito as vice president of single-family rental. An accomplished real estate operations and asset management veteran, Rey-Hipolito brings more than 20 years’ experience in multifamily, single-family and iBuyer asset management. In this role, Rey-Hipolito will be responsible

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Your house probably made more than you did last year

Skyrocketing home values and rent make the jump to ownership even more challenging 2021 home value growth exceeded median income in 25 of 38 major metros studied. Appreciation on the typical home ranged from the equivalent of an oral surgeon’s annual wages in San Jose to that of a food preparation worker in St. Louis. Annual rent payments grew by more than $3,000, while down payments increased by more than $10,000. The term “household income”

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