REI INK

Renting Beats Buying in All but Three of the Largest U.S. Metros

  • by
  • Comment Off
  • 369 views

Buying a starter home in the top 50 metros cost $1,111 (60.3%) more than renting in August, as median U.S. rents see fourth consecutive month of year-over-year declines The elevated mortgage rates, steep home prices and declining rent costs familiar in today’s housing market have made it less costly to rent than to buy a starter home in all but three of the largest metros in the U.S., according to the Realtor.com® Monthly Rental

Read More

HOME FLIPPING ACTIVITY DROPS AS PROFITS RISE ACROSS U.S. IN SECOND QUARTER OF 2023

  • by
  • Comment Off
  • 345 views

Flipping Rate Declines to Near Low Point Since 2021;Typical Profit Margins Increase at Fastest Quarterly Pace in Three Years Following Extended Slump;Raw Flipping Profits Also Rebound, Up 18 Percent Over First Quarter ATTOM, a leading curator of land, property, and real estate data, released its second-quarter 2023 U.S. Home Flipping Report showing that 84,350 single-family homes and condominiums in the United States were flipped in the second quarter. Those transactions represented 8 percent, or

Read More

RCN Capital Announces Preferred Partnership with REiDEAL MASTER

  • by
  • Comment Off
  • 351 views

RCN Capital, a leading nationwide private lender specializing in financing for real estate investors, announced its partnership with REiDEAL MASTER, a comprehensive technology platform that provides real estate investors with state-of-the-art tools to help grow and manage their businesses.  Through this strategic partnership with REiDEAL MASTER, RCN Capital looks to help equip its investor clients with a full technological suite of resources that can help them succeed in all market conditions.

Read More

Mild Recession Remains Likeliest Outcome as Inflation and Labor Markets Cool

  • by
  • Comment Off
  • 249 views

Housing Faces Renewed Headwinds from 7 Percent Mortgage Rates, but Downside Risk to Home Sales is Limited With underlying inflation decelerating and signs that the labor market is cooling, the central question for economists remains whether the economy is headed for a soft landing or a mild recession. According to the September 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group, mixed signals from key economic data releases

Read More

New Jersey And Illinois Have Highest Concentrations Of Housing Markets At Risk Of Declines

  • by
  • Comment Off
  • 202 views

Areas More Vulnerable to Downturns Clustered in New York City, Chicago and Philadelphia Metro Areas, Based on Measures from Second Quarter of 2023;  South and New England Less Exposed to Downturns ATTOM, a leading curator of land, property, and real estate data, released a Special Housing Impact Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, foreclosures and other

Read More

FoxyAI Unveils FoxyAI-GPT: A Generative AI Model Designed to Revolutionize Real Estate Research and Analysis

  • by
  • Comment Off
  • 288 views

Real Estate’s AI Experts Reinforce their Commitment to Innovation by Introducing the Latest Frontier in Generative AI Technology FoxyAI, a PropTech leader in real estate visualization and property intelligence, proudly announces the launch of FoxyAI-GPT, a highly specialized generative AI model poised to redefine the real estate industry. With unrivaled expertise in artificial intelligence and real estate, FoxyAI continues its mission to deliver practical and effective solutions to real estate professionals.

Read More