REI INK

Mortgage Delinquencies Hit Record Low in March, While Prepayments Rose 

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Black Knight, Inc. reports the following “first look” at March 2023 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 2.92%Month-over-month change: -15.23%Year-over-year change: -13.23% Total U.S. foreclosure pre-sale inventory rate: 0.46%Month-over-month change: -0.21%Year-over-year change: 13.24% Total U.S. foreclosure starts: 32,000Month-over-month change: 9.03%Year-over-year change: -5.69% Monthly prepayment rate (SMM):

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Real Estate Investors Are Losing Money on Roughly 1 in 7 Homes They Sell

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Investors are selling at a loss as elevated mortgage rates curtail homebuyer demand. Roughly one of every seven (13.5%) U.S. homes sold by an investor in March sold for less than the investor bought it for, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s comparable with February’s 14.5% rate—the highest since 2016. It’s also nearly triple the share of a year earlier and compares with a

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Economy Resumes Gradual Slowdown Following Bank Turmoil

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Mortgage Demand and Home Prices Prove Resilient; Sales Expected to Decline Further Due primarily to an upward revision in recent consumer spending data, Fannie Mae’s (OTCQB: FNMA) Economic and Strategic Research (ESR) Group now forecasts stronger first quarter GDP growth but maintains its belief that economic momentum is running out of steam, according to the ESR Group’s latest monthly commentary. While the acute panic following the bank failures in March appears to have

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Finding the Perfect Solution for a Particular Segment

Dallas Tanner is an experienced investor and property manager who started with Treehouse Communities and now heads Invitation Homes. Discover the importance of location, product segment, and capital structure when investing in residential real estate, as well as the shifting demographic effect on homeownership and the rise of build-to-rent communities with tailored amenities. Learn about the challenges faced by millennials in finding affordable housing and the increasing desire for choice

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John Burns Real Estate Consulting Announces Name Change to John Burns Research and Consulting and Launches New Website

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John Burns Real Estate Consulting, a leading provider of research and consulting services for the US housing industry, recently announced a strategic rebranding initiative, including a name change to John Burns Research and Consulting and the launch of its newly designed website, www.jbrec.com. The rebranding initiative reflects the company’s continued evolution and expansion into new areas of expertise beyond real estate. The new name, John Burns Research and Consulting, better communicates

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U.S. FORECLOSURE ACTIVITY CONTINUES TO CLIMB IN Q1 2023

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Foreclosure Starts See an Annual Increase of 29 Percent;Bank Repossessions at Highest Level in Three Years ATTOM, a leading curator of land, property, and real estate data, released its Q1 2023 U.S. Foreclosure Market Report, which shows a total of 95,712 U.S. properties with a foreclosure filings during the first quarter of 2023, up 6 percent from the previous quarter and up 22 percent from a year ago. The report also shows a

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