REI INK

RE/MAX National Housing Report for February 2023

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Home Sales Show Strong Increase and Slight Rise in Median Sales Price Over January Despite being down 24.4% year over year, February home sales increased 16.8% from January. That was the largest month-over-month increase in 11 months and ended a five-month streak of sales declines that began in September. The median sales price of $385,000 increased 0.6% over January, ending a seven-month streak of price declines since the peak of $426,000 in June 2022. Although

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Foundation Shares Updates Ahead of One Year Anniversary of PAVE Task Force Report

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The Appraisal Foundation shared an update on how it is progressing on a number of recommendations made in the Biden Administration’s Property Appraisal and Valuation Equity (PAVE) Task Force’s Action Plan. The Action Plan was released a year ago next week with the aim of providing a “blueprint for how all Americans can benefit fairly from the equity built through homeownership.” “The Appraisal Foundation shares the PAVE Task Force’s commitment

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Roc360 Expands its Leading Portfolio of Brands with Acquisition of Finance of America Commercial Through Asset Sale

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Roc Capital Holdings LLC (“Roc360”), a vertically integrated platform for residential real estate investors and a leading originator of business purpose loans nationwide, announced it has closed on the previously announced transaction for Finance of America Commercial (“FACo”) assets. Under the terms of the transaction, Finance of America Companies Inc. (NYSE:FOA) has sold the operational assets of its FACo division, which specializes in residential real estate investment loans, to Roc360. Excluded

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Housing Markets In California, Illinois, And East Coast Still Top List Of Areas Around U.S. More Vulnerable To Declines

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Chicago and New York City Areas Remain More At Risk Based on Key Market Measures from Fourth Quarter of 2022;  East Coast and Swaths of Interior California Also More Vulnerable to Downturns;  South Region and Sections of Midwest are Less Vulnerable  ATTOM, a leading curator of land, property, and real estate data, released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less

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Redfin Reports Rents Drop to Lowest Level in a Year

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The median U.S. asking rent is up just 1.7% from a year ago—the smallest gain in nearly two years—as landlords grapple with vacancies due to still-high rental costs and rising supply The median U.S. asking rent rose 1.7% year over year to $1,937 in February—the smallest increase in nearly two years and the lowest level in a year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents

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Evolving Preferences of Growing Renter Market Revealed in New Report from RCLCO Real Estate Consulting

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With so much industry emphasis on homeowners, proprietary survey data offers unprecedented and detailed insights into a rising segment of the more than 34% of the population that rents their homes Leading real estate consulting firm RCLCO Real Estate Consulting announced the availability for the first time of a new in-depth national research report on the consumer preferences of renters, a growing and influential market segment comprising over one third of the

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