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...
Month: August 2022

Reali Closing Operations
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...

WORD OF THE DAY: Acuity
[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...

word of the day: Bafflegab
[ba-fəl-ˌgab] Part of speech: Noun Origin: English, 20th century Definition: Messy, wordy jargon; Incomprehensible gibberish; Confusing legal or bureaucratic language Examples of Bafflegab in a sentence "The contract was full of so much bafflegab that I don't even know what I...
ZOMBIE PROPERTY COUNT INCHES UP AGAIN IN THIRD QUARTER OF 2022 ACROSS U.S. AMID CONTINUED RISE IN FORECLOSURE ACTIVITY
Zombie Properties Still Represent Just One of Every 13,000 Residential Properties Nationwide; But Ratio is Up Since Lifting of Foreclosure Moratorium One Year Ago ATTOM, a leading curator of real estate data nationwide for land and property data, released its third-quarter 2022...
Buyers gaining time and options as housing market rebalances
Competition is easing as inventory accumulates, leading the market back toward 'normal' U.S. home values fell 0.1% from June to July, the first decline in the raw Zillow Home Value Index since 2012. Home values fell last month in 30 of the 50 largest metro areas, but are still up 16% from a year...

RCN Capital Appears on the Inc. 5000 List of the Fastest-Growing Private Companies
RCN Capital, the leading nationwide private lender for real estate investors, has been named on the 2022 Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America, ranking No. 2083. RCN Capital also ranked No. 119 on the Inc. 5000 Regionals Northeast list...

WORD OF THE DAY: Cognoscente
[kahn-yə-SHEN-tee] Part of speech: Noun Origin: Italian, late 18th century Definition: A connoisseur; a discerning expert Examples of Cognoscente in a sentence "Jackie took special pride in her reputation as a film cognoscente." "While he could make anything behind the bar,...
Homebuyer Competition Falls to Lowest Level Since Early Months of Pandemic
Higher mortgage rates and home prices are pushing some house hunters out of the market, leaving those who remain with more options and negotiating power Nationwide, 44.3% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in July, compared with a revised rate...