REI INK

Home Prices Hit New Record Highs in 60% of Major Markets as Annual Growth Rate Rises

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The Data & Analytics division of Black Knight, Inc. (NYSE:BKI) released its August 2023 Mortgage Monitor Report, based on the company’s industry-leading mortgage, real estate and public records data sets. This month’s report looks again at the reheating housing market nationwide, with home prices hitting new peaks at the national as well as local levels, and no end in sight to the constrictive lack of for-sale inventory driving the price increases. As Black Knight Vice President

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Roofstock Deepens Institutional Capabilities with Two Key New Hires

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Roofstock, a leading real estate services and investment platform specializing in the single-family rental (SFR) sector, is excited to announce the additions of Justin Yagerman as its new Head of Capital Markets and Paul Briggs as its new Head of Research and Investment Strategies. With over two decades in both public and private markets, Mr. Yagerman has a proven track record of building long-term relationships with, and driving successful outcomes

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HouseCanary Report Finds Rental Inventory Surges in Q2 2023, Signaling Hope for Price Decreases

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HouseCanary, Inc. (“HouseCanary”), a national brokerage known for its real estate valuation accuracy, released its latest National Rental Report, highlighting that listing inventory is up 70% year-over-year and days on market is up 50% year-over-year as median monthly rent prices have seemingly reached a peak. Despite median listing prices for Single-Family Rentals in other parts of the United States slowing down, Metropolitan Statistical Areas (MSA) in the East Coast and Industrial

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The Typical U.S. Homebuyer’s Monthly Payment Is Up Nearly 20% From a Year Ago As Prices Rise

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The median U.S. home-sale price is up 3.2% year over year, the biggest increase since November, and mortgage rates remain elevated The typical U.S. homebuyer’s monthly mortgage payment was $2,605 during the four weeks ending July 30, up 19% from a year earlier and down just $32 from early July’s all-time high. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Housing payments remain historically high because

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PURE Property Management Completes 70th Acquisition

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Profitable Proptech Now Managing 25,000+ Residential Properties Across 50 Major U.S. Residential Markets PURE Property Management, the fastest-growing residential property management and technology company in the U.S., announced today that it has completed 70 acquisitions since its start in October 2020. “We average about six acquisitions per quarter and aim to do that many, or more, for the foreseeable future,” said PURE co-founder and general partner Michael Catalano. “Our mission is to

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REI INK Celebrates its 50th Issue

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A Remarkable Journey During Remarkable Times By Robert Rakowski Welcome to the 50th issue of REI INK. These last four and a half years have been quite the journey; a journey through the struggles of being the “new kid in town”, the COVID pandemic, inflation, an out-of-control and uncertain economy, but mostly a terrific journey of forming professional and personal relationships with absolutely wonderful people and companies. It took an

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