August 2022 – Page 2

How You Can Fix And Flip Around Market Shifts And Why Local Flippers Are Crucial To Solving The Inventory Crisis With Kurt Carlton

by REIPodcast
Comment Off
795 views

The state of our economy today is an open book and we see the hit everywhere. But how has it been in the real estate space? Specifically, how has it been in the fix and flip niche? In this episode, Kurt Carlton, President and co-founder of New Western, talks about market shifts and the several factors affecting the real estate market. He also shares insights on what the current

WORD OF THE DAY: Sprag

by admin
Comment Off
1,062 views

[sprag] Part of speech: noun Origin: Unknown origin, 17th century Definition: A short piece of wood or timber; A prop (especially made of wood or timber) used to support a roof, wall, or seam. Examples of Sprag in a sentence “After cutting the firewood, my uncle cut a few sprags to use as door stops around the house.” “My brother once built a backyard tunnel so complex it had a wooden roof supported by

STEEP DROP IN REFINANCE ACTIVITY DRIVES CONTINUED SLUMP IN MORTGAGE LENDING ACROSS U.S. IN SECOND QUARTER

by admin
Comment Off
489 views

Refinance Lending Drops 36 Percent Quarterly, Outweighing Rise in Other Lending Activity;Total Loans Down Another 13 Percent, Continuing Year-Long Decline;Purchase Mortgages Up 8 Percent While Home-Equity Deals Increase 35 Percent ATTOM, a leading curator of real estate data nationwide for land and property data, released its second-quarter 2022 U.S. Residential Property Mortgage Origination Report, which shows that 2.39 million mortgages secured by residential property (1 to 4 units) were originated in the

New Western Grows U.S. Affordable Housing Inventory by 6,540 in 2022 without Building a Single Home

by admin
Comment Off
354 views

Inventory growth fueled by 10 new market openings this year including the latest in Washington, D.C.; Fix-and-flip properties purchased through New Western’s marketplace sell for up to 31% less than new builds New Western, the largest national private marketplace for fix-and-flip residential investment properties, announced that the company has made home ownership accessible for more Americans by growing U.S. housing inventory by 6,540 units to date in 2022. Without building a

Reali Closing Operations

by admin
Comment Off
471 views

Reali, the real estate and fintech platform transforming home buying and selling, announced it will begin a shutdown and will be laying off most of the workforce on September 9, 2022. Co-Founder and Chairman of the Board Amit Haller said, “Reali was one of the pioneering companies to offer the ‘buy before you sell’ and ‘cash offer’ programs to homeowners. We believed deeply in benefiting the consumer foremost in every transaction.

WORD OF THE DAY: Acuity

by admin
Comment Off
973 views

[ə-KYOO-ə-dee] Part of speech: Noun Origin: Late Middle English, 16th century Definition: Sharpness or keenness of thought, vision, or hearing. Examples of Acuity in a sentence “Jonah’s natural acuity made him a model student.” “The optician had noticed a worrying decline in the acuity of Martha’s sight in recent years.” About Acuity Acuity comes from the Latin “acuere” meaning “sharpen.” The word “acuere” is found in medieval Latin as “acuitas,” and in Old French as