REI INK

WORD OF THE DAY: Entelechy

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[en-TEL-ə-kee] Part of speech: noun Origin: Late Middle English, late 1500s Definition: (Philosophy) The realization of potential; the supposed vital principle that guides the development and functioning of an organism or other system or organization. Examples of Entelechy in a sentence “The instructor intended to guide all students to discover their own entelechy.” “The entelechy of a tadpole is to develop into a frog.” About Entelechy This word developed trifold through Late Middle English, Latin,

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Home Prices Are Far Outpacing Inflation

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The median price per square foot of a home in the U.S. has increased 310% since 1980 and has exceeded overall inflation by 139% since 2020. The price per square foot of a U.S. home is higher than ever, according to a new report from Home Bay, an online publication that connects readers with expert real estate advice. A new single-family home has a median square footage of 2,356 and a price

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Black Knight: June Sees Record-Setting Slowdown in Home Price Growth

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Largest Monthly Inventory Gain in 12 Years; Prices Back Off Highs in Some Major Markets Annual home price growth dropped by nearly two percentage points in June – the greatest single-month slowdown on record since at least the early 1970s – with the rate of slowing this month jumping 66% from May While June’s slowdown was record-breaking, home price growth would need to decelerate at this pace for six more

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WORD OF THE DAY: Nobby

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[NAH-bee] Part of speech: Adjective Origin: Unknown, late 17th century Definition: Describing a person of wealth or high social position. Examples of Nobby in a sentence “When he wasn’t saving lives as Batman, Bruce Wayne lived a nobby lifestyle as a socialite.” “It doesn’t matter if the rental car is a nobby convertible or a family minivan — I’ll be happy either way.”   About Nobby The closest guess is that “nobby” developed by way

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Foreclosure Activity

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Foreclosures Rates Highest in Illinois, New Jersey and Ohio By ATTOM Staff ATTOM, a leading curator of real estate data nationwide for land and property data, released its Midyear 2022 U.S. Foreclosure Market Report, which shows there were a total of 164,581 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of 2022. That figure is up 153% from the

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PROFITS FOR HOME SELLERS SURGE AGAIN ACROSS U.S. AMID NEW ROUND OF PRICE SPIKES IN SECOND QUARTER OF 2022

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Profit Margins on Typical Home Sales Hit Another Record, Rising to 56 Percent;Investment Returns in Second Quarter Rise at Fastest Pace in More Than a Decade;Median U.S. Home Price Up 9 Percent Quarterly and 15 Percent Annually, to New High of $346,000 ATTOM, a leading curator of real estate data nationwide for land and property data, released its second-quarter 2022 U.S. Home Sales Report, which shows that profit margins on median-priced single-family home

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