REI INK

Black Knight: Signs of Cooling in Nation’s Least Affordable Markets as Inventory Levels Improve

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-Home price growth slowed in 97 of the 100 largest U.S. housing markets in May, with the national annual appreciation rate pulling back by more than a full percentage point from the month prior -While the slowdown to 19.3% from a revised 20.4% in April marks the largest single-month deceleration since 2006, prices were still up 1.5% month over month – nearly twice the historical average for May -Markets experiencing

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Opteon Announces Acquisition of Northeastern Appraisal Associates

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Acquisition strengthens leading nationwide Appraisal Management Company’s footprint in Northeast Opteon, a leading international provider of valuation, advisory, and property services, has announced its acquisition of Northeastern Appraisal Associates Residential (NEA), a Buffalo, New York-based appraisal management company (AMC) and staff appraisal firm. This partnership expands Opteon’s presence in the Northeast, strengthening its nationwide service offerings and faster turn times in the fourth largest US real estate market. Northeastern Appraisal Associates

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WORD OF THE DAY: Imprest

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[IM-prest] Part of speech: Noun Origin: Italian, mid-16th century Definition: A fund used by a business for small items of expenditure and restored to a fixed amount periodically; a sum of money advanced to a person for a particular purpose. Examples of Imprest in a sentence “The business has a specific imprest fund.” “Charlotte was clear that she was offering her friend an imprest for her bills.” About Imprest This term stems from the earlier

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Redfin Reports Asking Prices Come Down from All-Time High

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A record-high share of home sellers are dropping their prices after this month’s historic mortgage-rate hike put a damper on homebuyer activity More and more, home sellers are ceding to the mounting pressure on affordability posed by this month’s rapid mortgage-rate hike, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median asking price of newly-listed homes for sale is down 1.5% from the all-time high it

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Vulnerable Housing Markets

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Certain Markets Will Be More Susceptible to Declines in 2022 By ATTOM Staff ATTOM, a leading curator of real estate data nationwide for land and property data, released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, unemployment and other measures in the first quarter of 2022. The report shows that New Jersey, Illinois,

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Overcoming Obstacles

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From Prom Dresses to Real Estate By Brittney Fairweather My career started out quite differently than most. For one, I was a teenager. Second, I wasn’t exactly seeking a lifetime career.  I had been asked to the prom and I was thrilled. I had the exact dress picked out that I wanted. However, dresses cost money — more than most 14-year-olds have from an allowance. I had to earn some

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