REI INK

Realtor.com® 2023 Hottest ZIP Codes in America Reveal Demand for Closer Commutes is Back

  • by
  • Comment Off
  • 163 views

Affordability isn’t the only priority for U.S. homebuyers, according to Realtor.com®‘s ninth annual Hottest ZIP Codes report; Proximity to cities is key as many companies call workers back to the office For the first time in five years, the suburbs of five major metropolitan areas – Boston, New York, Chicago, Detroit and St. Louis – are represented on the annual Realtor.com® Hottest ZIP Codes Report, marking a renewed interest in commutable homes as much of the country’s workforce returns

Read More

DEFAULT SERVICING INDUSTRY LEADERS EXPECT SLIGHT INCREASE IN FORECLOSURE VOLUME AND FALLING HOME PRICES TO END 2023

  • by
  • Comment Off
  • 240 views

Auction.com, the nation’s leading distressed real estate marketplace, released its 2023 Seller Insights report, which shows that 92 percent of default servicing industry leaders expect completed foreclosure auction volume to increase in 2023 compared to 2022 while 85 percent expect home prices to decline in 2023 compared to 2022. The report is based on a June 2023 survey of more than 50 leaders in the default mortgage servicing industry at

Read More

ZOMBIE FORECLOSURES HOLD STEADY DURING THIRD QUARTER

  • by
  • Comment Off
  • 186 views

Count of Vacant Homes in Foreclosure Increases for Sixth Straight Quarter; Zombie Properties Increase as Foreclosure Activity Keeps Growing; But Portion of Homes Nationwide That are Empty in Foreclosure Remains Just One in 11,600 ATTOM, a leading curator of land, property, and real estate data, released its third-quarter 2023 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,277,612) residential properties in the United States are vacant. That figure represents

Read More

Student Housing Preleasing Nears Record High

  • by
  • Comment Off
  • 392 views

Insights on sector performance now being delivered monthly for investors and owners The student housing sector continues to outperform as the Fall 2023 school year approaches, according to the August National Student Housing Report from Yardi® Matrix. Reports on national student housing performance, with insight on preleasing and rental rates, are now being delivered on a monthly basis. As of July, 90.1 percent of beds at Yardi 200 universities were preleased for

Read More

OPPORTUNITY ZONE HOUSING MARKETS REBOUND IN Q2 2023 ALONG WITH REST OF NATION

  • by
  • Comment Off
  • 194 views

Median Home Values Increase After Period of Decline in Majority of Opportunity Zones Targeted for Economic Redevelopment Around U.S. ATTOM, a leading curator of land, property, and real estate data, released its second-quarter 2023 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017. In this report, ATTOM looked at 3,909 zones around the United States with sufficient data to analyze, meaning they

Read More

RE/MAX National Housing Report for July 2023

  • by
  • Comment Off
  • 161 views

July Sales Down but Inventory is Up, Sellers Get Their Asking Price July marked the first month-over-month decline in home sales since April, signaling that perhaps the peak of summer buying is beginning to taper. Growth in the inventory of homes for sale inched up alongside modest increases in interest rates despite strong consumer demand. July home sales declined 14.7% from June and 16.1% compared to a year ago. The

Read More