REI INK

Buyers Have a Few Things to Be Thankful For This Week, With Listings Rising and Mortgage Rates Falling

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The median monthly mortgage payment has fallen more than $100 over the last month as rates dropped from 8% to 7.3%. Buyers are acting on the good news: Mortgage-purchase applications increased 4% this week to their highest level in six weeks. This week has brought some hopeful news for homebuyers, with new listings posting their biggest year-over-year increase since 2021, according to a new report from Redfin (redfin.com), the technology-powered real estate

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United States Real Estate Appraisal Market Insights and Forecast (2023-2028)

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Increasing Adoption of Remote Online Notarization and Digital Real Estate Transactions The “US Real Estate Appraisal Market: Insights and Forecast (2023-2028)” report has been added to ResearchAndMarkets.com’s offering. The US real estate evaluation market has seen significant changes in recent years, as technology has become increasingly important in the appraisal process. Today, many appraisers obtain and assess property information using digital techniques such as aerial imagery, 3D modelling, and data analytics, allowing them to

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Opportunity Zone Housing Markets Continue To Keep Up With Broader Price Gains Across Nation In Third Quarter

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Median Home Values Increase in Majority of Opportunity Zones Targeted for Economic Redevelopment Around U.S.;  Price Trends Inside Zones Continue to Roughly Match Broader Market Patterns;  Opportunity Zone Home Values Again Improve Slightly More Than Elsewhere ATTOM, a leading curator of land, property, and real estate data, released its third-quarter 2023 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of

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Economy Expected to Slow in 2024, Rebound in 2025

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Home Sales Likely to Weaken in Near Term but Bottom Out Early Next Year Economic growth remains likely to decelerate and ultimately result in a mild recession in 2024, followed by a return to growth in 2025, according to the November 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. While the combination of ongoing employment gains and decelerating inflation has increased the likelihood of a soft landing,

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Redfin Reports Pending Home Sales Rise to Highest Level in a Year

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New listings were near their six-month high in October, helping drive an increase in pending sales, though buyers backed out of deals at the highest rate on record. The recent drop in mortgage rates could give sales another boost in November. U.S. pending home sales rose 1% month over month in October to the highest level in a year on a seasonally adjusted basis. That’s according to a new report from Redfin

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TOP 20 CITIES FOR STEM JOB GROWTH ANNOUNCED IN RCLCO’S 2023 ANNUAL STEMdex

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Austin, Denver, Seattle, Raleigh, and D.C. top the list of cities with the most momentum for STEM job growth Leading real estate advisory firm RCLCO Real Estate Consulting, announced the results of their 2023 STEM Job Growth Index (STEMdex), which projects which metropolitan areas will have the strongest outlook for growth in STEM jobs. Published annually since 2016, with the support of light industrial and office investment management firm CapRidge Partners, the STEMdex tracks

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