REI INK

Blox Launches AI Financial Automation for Property Operators

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With investment from Fika, Navitas, and Clocktower Blox, the financial AI automation company for real estate, announced the launch of its all-in-one software platform. Blox uses machine learning to automate key receivables tasks, including statement audit, refunds, payments, messaging, disputes, settlements, and bank treasury. Blox is founded by real estate technology veteran, Derek Merrill, who previously founded LeaseLock, installed in almost 500,000 apartment homes. Blox closed pre-seed investment from Fika

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U-Haul Signs Exclusive Partnership with Moved to Support the Multifamily Industry and Renters

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U-Haul®, the industry leader in DIY moving and self-storage, announced an exclusive partnership with resident technology company Moved™. The agreement includes exclusive rights for both U-Haul and Moved’s business-to-business-to-consumer (B2B2C) software, which streamlines the onboarding and offboarding process for tenants of multifamily communities. It’s a first-of-its-kind commercial agreement for U-Haul, which has been providing movers with affordable mobility solutions since 1945. This also marks the first outside investment of U-Haul in

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Redfin Reports New Listings and Pending Sales Ticked Up in September, But Deals Were Canceled at Highest Rate in Almost a Year

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New listings inched up as some homeowners opted to cash out, fearing that elevated mortgage rates could drive a drop in home prices New listings climbed 1.4% month over month in September, the largest increase since February 2022 on a seasonally adjusted basis, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s a glimmer of relief for homebuyers, who for months have been waiting for more homes

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2023’s Severe Weather Events Are Proving Costly to U.S. Insurers

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The U.S. is experiencing its costliest year ever in 2023 for severe convective storms, with insured losses from these events exceeding $50 billion through the end of September, according to the Insurance Information Institute (Triple-I.) Severe convective storms include natural catastrophes such as thunderstorms with lightning, hail, tornadoes, and derechos, which are organized lines of thunderstorms with widespread damaging winds. Tornadoes in Arkansas, Illinois, and Mississippi caused a significant loss of life

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Thinking Outside the Box to Solve America’s Housing Crisis

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Robert Vazquez is a serial entrepreneur, national speaker, and one of today’s most influential real estate experts. Robert has years of experience under his belt investing in different asset classes. He is with us on the show to talk about his journey and what he’s currently seeing in the marketplace. Listen to this episode to learn more about the current real estate market, the strategies that work, and why thinking

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Redfin Reports 2023 on Pace For Fewest Home Sales Since 2008 As Mortgage Rates Hit 8%

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Redfin economists say this is likely to be the slowest sales year since the Great Recession as persistently high mortgage rates and low inventory spook buyers This year is likely to end with roughly 4.1 million existing home sales nationwide, the fewest since the housing bubble burst in 2008 after the subprime mortgage crisis. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. What Redfin economists say: “Buyers

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