REI INK

Redfin Reports More Sellers Dropping Their Prices, But Buyers Find Little Relief

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Homebuying is as competitive and costly as ever as soaring mortgage rates make the market less inviting for many would-be sellers The share of home sellers who dropped their asking price shot up to a six-month-high of 15% for the four weeks ending May 1, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s up from 9% a year earlier, and represents the largest annual gain on

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WORD OF THE DAY: Quiddity

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[KWID-ə-dee] Part of speech: Noun Origin: Latin, 14th century Definitions: The inherent nature or essence of someone or something; a distinctive feature; a peculiarity. Examples of Quiddity in a sentence “Her love of singing is as much a quiddity as her brown hair is.” “Many people share the quiddity of dipping their fries into their milkshakes.” About Quiddity Quiddity is a Middle English word, but originally developed in Latin from the words “quidditas” and “quid”

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ATTOM Unveils New Data Product for Reliable Rental Market Data

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ATTOM’s new Rental AVM (Automated Valuation Model) delivers automated rental estimates, arming real estate professionals with reliable values to make better decisions ATTOM, a leading curator of real estate data nationwide for land and property data, is pleased to announce it has added yet another new data product to the ever-expanding ATTOM Table of Data Elements – the ATTOM Rental AVM (Automated Valuation Model). This new solution, built from the foundation of the company’s

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Second Avenue Names New COO, Strategic Advisors

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 Innovative Single-Family Rental (SFR) Investment Platform Brings in Trio of Industry Veterans Second Avenue Group (‘Second Avenue’), a full-service, institutional quality single-family rental platform (“SFR”), announced that three visionary SFR industry executives have joined the company in various senior-level roles. Ray Barrows, who boasts more than 25 years of experience in housing operations, acquisitions and development, joins Second Avenue as the firm’s new COO. In addition, Bruce Strohm and Fred Tuomi – two iconic

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WORD OF THE DAY: Snuggery

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[snə-ɡə-ree] Part of speech: Noun Origin: British English, early 19th century Definitions: A cozy or comfortable place, especially someone’s private room or den; another term for snug, a small, comfortable public room in a pub or inn. Examples of Snuggery in a sentence “The hidden snuggery behind the kitchen is my favorite room in the house.” “The extra room was supposed to be an office, but it turned into a reading snuggery.” About Snuggery A

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Home Sales, Seller Profits Dip Across U.S. in First Quarter of 2022 As Price Increases Slow

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Returns Drop for First Time in Over Two Years and Decline at Fastest Pace in 10 Years; Median U.S. Home Price Up Just 2 Percent Quarterly, to New High of $320,500 ATTOM, a leading curator of real estate data nationwide for land and property data, released its first-quarter 2022 U.S. Home Sales Report, which shows that profit margins on median-priced single-family home sales across the United States dipped to 47.2 percent – the

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