REI INK

Economic Growth Forecast Downgraded as ‘Soft Landing’ Appears Increasingly Unlikely

  • by
  • Comment Off
  • 370 views

Higher Mortgage Rate Environment Expected to Slow Housing Activity Expectations of aggressive monetary policy tightening through 2023 by the Federal Reserve are likely to further soften economic output already being weighed down by decades-high inflation and the ongoing effects stemming from the Russian invasion of Ukraine, according to the April 2022 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group’s latest forecast includes downgrades of 0.2 and 2.4

Read More

WORD OF THE DAY: Approbate

  • by
  • Comment Off
  • 624 views

[AP-rə-beyt] Part of speech: Verb Origin: Latin, 15th century Definition: Approve formally; sanction. Examples of Approbate in a sentence “In order to build a shed, the city council needed to approbate my project with a building permit.” “My boss approbated my expenses from my trip to the trade show.” About Approbate “Approbate” is derived from Latin, mingling “ad-” (meaning “to”), “probare” (meaning “try” or test”), and “approbat,” meaning “approved.” Together the term suggests the kind

Read More

Property Taxes on Single-Family Homes Rise Across U.S. in 2021, to $328 Billion

  • by
  • Comment Off
  • 260 views

Average Property Tax Also Up 2 percent, to $3,785, as Effective Rate Declines Slightly; Highest Effective Tax Rates in Illinois, New Jersey, Connecticut, Vermont, Pennsylvania ATTOM, a leading curator of real estate data nationwide for land and property data, released its 2021 property tax analysis for almost 87 million U.S. single family homes, which shows that $328 billion in property taxes were levied on single-family homes in 2021, up just 1.6 percent from

Read More

Financing Program Created to Alleviate Housing Crisis Provides Homebuilders with Increased Access to Capital

  • by
  • Comment Off
  • 383 views

Homepoint New Build partners mortgage brokers with regional independent builders to accelerate new construction A new partnership in the wholesale mortgage lending industry is aimed at sparking more widespread development of new homes, alleviating the inventory woes that currently plague the real estate market. The Homepoint New Build program connects thousands of regional homebuilders throughout the country with increased access to capital through its nationwide network of local independent mortgage

Read More

WORD OF THE DAY: Bailiwick

  • by
  • Comment Off
  • 328 views

[bay-li-wik] Part of speech: Noun Origin: Middle English, 15th century Definition: A bailiff’s jurisdiction; a person’s specific area of skill, knowledge, or ability Examples of Bailiwick in a sentence “Criminals who find themselves tried in his bailiwick can expect stern courtroom rules.” “I’m a novice at science, but literature is my bailiwick.” About Bailiwick Bailiwick has been in use in English since the 15th century, but only in the 1800s did it begin to be

Read More

Spruce Announces Enhanced Bulk Transaction Capability

  • by
  • Comment Off
  • 370 views

Centralized Tech Solution Lowers Costs, Adds Certainty Spruce, the proptech company powering online real estate transactions, formally announced its industry-leading bulk transaction capability, bringing its unique, centralized operating model to large-scale investors to lower costs and add certainty to an otherwise obtuse process. As a national company with local expertise, Spruce offers a one-stop shop for bulk title and closing services, all with a custom approach to pricing–specifically designed for the

Read More