REI INK

FORECLOSURE VOLUME FORECAST TO INCREASE 24% IN 2023 TO HALF OF 2019 LEVEL ACCORDING TO DISTRESSED MARKET OUTLOOK

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Proactive pricing key to optimal distressed disposition outcomes as housing market slows; Auction bidder behavior predicting retail home price declines in 4 of 10 largest U.S. markets; Some high-level takeaways from the report: Auction.com, the nation’s leading distressed real estate marketplace, released its 2023 Distressed Market Outlook report, which shows that foreclosure volume is poised to continue its gradual post-moratorium rise in 2023 after plateauing in late 2022. A regression

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The 2022 Allied U.S. Migration Report

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The Allied Magnet States Report tracks migration patterns in the US. Data shows fewer people moved in 2022 compared to 2021. In fact, moves plummeted in every state, resulting in a 20 percent decrease over last year. Rising rents and interest rates, along with inflation and falling wages, meant people moved less in 2022 than they did during the coronavirus pandemic. Those who could afford to relocate, moved south and settled

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MCS Broadens Commercial Property Service Offerings with Acquisition of Chain Store Maintenance

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Firms Join Forces to Strengthen Interior and Exterior Facility Services Available to Retail, Restaurant, Office, Lodging and Other Commercial Customers MCS, the national property services Company founded in 1986, announced it has acquired industry-leading commercial facilities services firm Chain Store Maintenance (“CSM”). MCS’s interior commercial facility services platform will be marketed as Chain Store Maintenance – an MCS Company, offering the core interior maintenance services that CSM is known for.

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RCN Capital Surpasses 20,000 Loans Funded Since Inception

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Company Recognizes Noteworthy Origination Milestone Despite Industry Turbulence RCN Capital, a leading nationwide private lender specializing in financing for real estate investors, announced a major origination milestone of over 20,000 loans funded since its inception in 2010. RCN Capital, which offers financing for short-term fix & flip projects, long-term rentals, & ground-up construction, takes pride in its commitment to providing the investor community with funding options despite ongoing turbulence in

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INVESTORS ARE BUYING ROUGHLY HALF AS MANY HOMES AS THEY WERE A YEAR AGO

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Pandemic boomtowns Las Vegas and Phoenix saw investor purchases fall over 60%—more than all of the other metros Redfin analyzed Investor purchases of U.S. homes fell a record 45.8% year over year in the fourth quarter as the high cost of borrowing money and the prospect of substantial home-price declines made real estate investing less attractive. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The second

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U.S. Foreclosure Activity In January 2023 Continues To Increase Annually For 21 Consecutive Months

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Completed Foreclosures (REOs) See First Year-Over-Year Decrease;  Foreclosure Starts Down 1 Percent from Last Month ATTOM, a leading curator of land, property, and real estate data, released its January 2023 U.S. Foreclosure Market Report, which shows there were a total of 31,557 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – up 36 percent from a year ago, and up 2 percent from the prior month. ”The uptick

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