REI INK

Rapidly Rising Rates and Persistent Inflation Further Soften Economic Outlook

  • by
  • Comment Off
  • 444 views

Housing Activity Expected to Slow Further as Affordability Worsens Persistent inflation, rising interest rates, and a slowdown of global economic growth are the primary contributing factors to updated expectations that full-year 2022 real GDP will grow at the reduced rate of 1.3 percent, 0.8 percentage points less than previously predicted, according to the May 2022 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group.The ESR Group’s latest forecast sees second

Read More

WORD OF THE DAY: Abstruse

  • by
  • Comment Off
  • 2,340 views

[əb-STROOS] Part of speech: Adjective Origin: Latin, late 16th century Definition: Difficult to understand; obscure. Examples of Abstruse in a sentence “The single was critically acclaimed despite its abstruse lyrics.” “The movie’s ending was far too abstruse for the general public.” About Abstruse Abstruse comes from the Latin word “abstrusus” (put away, hidden). This word developed in turn from the word “abstrudere” (conceal), a combination of “ab” (from) + “trudere” (to push). Did you Know?

Read More

WORD OF THE DAY: Palindrome

  • by
  • Comment Off
  • 741 views

[pa-lən-ˌdrōm] Part of speech: noun Definitions: A word that reads the same when spelled forward and backward; a verse or sentence that can be reversed and spelled exactly the same Examples of Palindrome in a sentence “”Race car” is one of my favorite palindromes.” “In addition to being a funny thing to say, “Madam, I’m Adam” is also a palindrome.” About Palindrome In 1961, C.C. Bombaugh coined the term semordnilap in his book Oddities

Read More

Redfin Reports Growth in Asking Rents Slows for the 1st Time in a Year

  • by
  • Comment Off
  • 431 views

Rents rose 15% year over year in April, down from March’s 17% increase. Still, Austin, Portland and South Florida saw rents surge more than 30% The median monthly asking rent in the U.S. increased 15% year over year to a record high of $1,962 in April, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s below March’s 17% increase, marking the first slowdown in a year. “The

Read More

Home Buyers May Find Less Competition Near City Centers for the First Time in Years

  • by
  • Comment Off
  • 362 views

Suburbs are generally seeing home values grow more than urban areas, indicating more competition Suburban home values have been growing faster than those in urban areas since July 2021, a reversal from previous norms and from the first 15 months of the pandemic. With remote work now an option for more households, many buyers are prioritizing affordability over proximity to the workplace. Understanding which areas are most competitive can help home

Read More

WORD OF THE DAY: Vicinal

  • by
  • Comment Off
  • 579 views

[vi-sə-nəl] Part of speech: Adjective Origin: French, early 17th century Definitions: Adjacent, local; of or relating to a neighborhood or limited area Examples of Vicinal in a sentence “My dog’s loud barking disturbed every vicinal household.” “When I dine out, I stick to vicinal restaurants that I can walk to from my house.” About Vicinal In logology, or the linguistic sub-genre of word games and wordplay, a vicinal word is one in which each letter

Read More