Los Angeles-Based Real Estate Investment Firm Hires Bill Stoll to Lead New Initiative BH Properties (“BH”) has launched a new investment initiative into affordable housing with a goal of ultimately building a $1 billion portfolio of assets. The new initiative will be led by veteran...
Month: July 2023
Average Home Is Selling Above Its Asking Price for the First Time in Nearly a Year
This is the first time since last August the average sale-to-list price ratio has surpassed 100%. Low inventory and steady demand are buoying home prices. The average sale-to-list price ratio hit 100.1% during the four weeks ending July 2, marking the first time in nearly a year the average U.S....
Consumer Confidence in Housing May Have Plateaued
HPSI Remains Stuck at Relatively Low Level Amid Ongoing Supply and Affordability Constraints The Fannie Mae Home Purchase Sentiment Index® (HPSI) remained mostly flat in June, increasing by only 0.4 points to 66.0, as difficult supply and affordability conditions continue to weigh...
D.R. Horton, Inc. Acquires the Homebuilding Operations of Truland Homes
D.R. Horton, Inc. (NYSE:DHI), America’s Builder, announced the acquisition of Truland Homes, the largest private homebuilder along the Gulf Coast. The homebuilding assets of Truland Homes (“Truland”) acquired include approximately 263 lots, 155 homes in inventory and 55 homes in sales...
CoreLogic: US Mortgage Performance Continues Strong Run in April
Despite small annual upticks in certain states and metro areas, overall mortgage delinquencies remain near an all-time low CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, released its monthly Loan Performance Insights Report for April...
HOME AFFORDABILITY WORSENS ACROSS U.S. DURING SECOND QUARTER OF 2023 AS HOME PRICES TICK UPWARDS
Major Home-Ownership Expenses Consume One-Third of Average Wage;Historic Affordability Hits Low Point Since 2007;Affordability Declines as Median Home Price Spikes 10 Percent ATTOM, a leading curator of land, property, and real estate data, released its second-quarter 2023 U.S. Home...
Backflip Demonstrates National Growth with Launch in 41 U.S. Markets
The real estate fintech platform has expanded nationwide, acquired Austin-based Refinably, appointed its first Chief Product Officer, and has grown 3X year-over-year Backflip, an all-in-one real estate and fintech platform for fix-and-flip investors, announced its nationwide expansion...

REI INK at IMN East
Co-Hosted by RCN Capital & REI INK | Sponsored by Five Brothers Asset Management, The Home Depot and Urban Surfaces Taste Tester Investor - Another great culinary event themed “Spice Up Your Life with Indian Cuisine.”

Sacramento, California
California’s Capital City Remains an Anomaly…In a Good Way By Carole VanSickle Ellis Just before the start of the 20th century, the residents of Sacramento decided to enact a sea change in the local geography. Believing the “City of Plains,” as the area was called in 1855, to be too flat and...