REI INK

BH Properties Plans Billion Dollar Investment in Affordable Housing

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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 affordable housing executive William “Bill” Stoll who joins the firm as Managing Director, announced company President Jim Brooks. An adjunct to the firm’s value-add multifamily

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Average Home Is Selling Above Its Asking Price for the First Time in Nearly a Year

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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. home is selling for more than its asking price. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate

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Consumer Confidence in Housing May Have Plateaued

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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 on the housing market. While most of the HPSI’s six components were little changed month over month, survey respondents did report that homebuying conditions improved slightly in June compared to May.

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D.R. Horton, Inc. Acquires the Homebuilding Operations of Truland Homes

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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 order backlog. D.R. Horton also acquired 156 lots and control of approximately 400 lots through option contracts from Truland affiliates and 201 lots and control of approximately 260 lots through option

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CoreLogic: US Mortgage Performance Continues Strong Run in April

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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 2023. For the month of April, 2.8% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.1 percentage point

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HOME AFFORDABILITY WORSENS ACROSS U.S. DURING SECOND QUARTER OF 2023 AS HOME PRICES TICK UPWARDS

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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 Affordability Report showing that median-priced single-family homes and condos are less affordable in the second quarter of 2023 compared to historical averages in 98 percent of counties around the nation with enough

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