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PURE Property Management Launches Institutional Management Division

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PURE Institutional Management responds to the growing demand for dedicated services that reduce the complexities and costs of managing institutional portfolios PURE Property Management, the fastest growing residential property management and technology company in the U.S., announced the launch of PURE Institutional Management, a dedicated division to service institutional investor clients and their residential portfolios across multiple locations within PURE’s rapidly expanding national footprint. “Institutions managing portfolio investments are challenged

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Rapidly Rising Rates and Persistent Inflation Further Soften Economic Outlook

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Housing Activity Expected to Slow Further as Affordability Worsens Persistent inflation, rising interest rates, and a slowdown of global economic growth are the primary contributing factors to updated expectations that full-year 2022 real GDP will grow at the reduced rate of 1.3 percent, 0.8 percentage points less than previously predicted, according to the May 2022 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group.The ESR Group’s latest forecast sees second

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WORD OF THE DAY: Abstruse

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[əb-STROOS] Part of speech: Adjective Origin: Latin, late 16th century Definition: Difficult to understand; obscure. Examples of Abstruse in a sentence “The single was critically acclaimed despite its abstruse lyrics.” “The movie’s ending was far too abstruse for the general public.” About Abstruse Abstruse comes from the Latin word “abstrusus” (put away, hidden). This word developed in turn from the word “abstrudere” (conceal), a combination of “ab” (from) + “trudere” (to push). Did you Know?

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WORD OF THE DAY: Palindrome

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[pa-lən-ˌdrōm] Part of speech: noun Definitions: A word that reads the same when spelled forward and backward; a verse or sentence that can be reversed and spelled exactly the same Examples of Palindrome in a sentence “”Race car” is one of my favorite palindromes.” “In addition to being a funny thing to say, “Madam, I’m Adam” is also a palindrome.” About Palindrome In 1961, C.C. Bombaugh coined the term semordnilap in his book Oddities

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Redfin Reports Growth in Asking Rents Slows for the 1st Time in a Year

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Rents rose 15% year over year in April, down from March’s 17% increase. Still, Austin, Portland and South Florida saw rents surge more than 30% The median monthly asking rent in the U.S. increased 15% year over year to a record high of $1,962 in April, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s below March’s 17% increase, marking the first slowdown in a year. “The

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Home Buyers May Find Less Competition Near City Centers for the First Time in Years

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Suburbs are generally seeing home values grow more than urban areas, indicating more competition Suburban home values have been growing faster than those in urban areas since July 2021, a reversal from previous norms and from the first 15 months of the pandemic. With remote work now an option for more households, many buyers are prioritizing affordability over proximity to the workplace. Understanding which areas are most competitive can help home

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