REI INK

home seller profits top 50% despite market slowdown

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Profits on Typical Sales Nationwide Rise from 45 percent to 51 Percent; National Median Home Price for Full Year Up 10 Percent to $330,000; Home Sellers Continue Staying in Their Homes Less Than Six Years ATTOM, a leading curator of real estate data nationwide for land and property data, released its Year-End 2022 U.S. Home Sales Report, which shows that home sellers nationwide realized a profit of $112,000 on the typical sale

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Atlanta Housing Board Approves Five-Year Strategic Plan to Create, Preserve 10,000 Housing Units

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The Atlanta Housing Board of Commissioners approved a Strategic Plan that calls for the creation and preservation of 10,000 housing units over the next five years. “We are excited to embark upon a five-year journey that we believe is ambitious and achievable, and aligned with Mayor Andre Dickens’ goal of building and preserving 20,000 affordable housing units over eight years,” said Larry Stewart, chair of the AH Board of Commissioners. “This plan’s implementation

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CREFC Q4 2022 Survey Shows Improving Sentiment for CRE Finance Markets

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The CRE Finance Council (CREFC), the industry association that exclusively represents the $5.5 trillion commercial and multifamily real estate finance industry, announced the results of its Fourth-Quarter 2022 CREFC Board of Governors (BOG) Sentiment Index. The Sentiment Index, initiated in the fourth quarter of 2017, captures the pulse of various industry constituents, including balance sheet and securitized lenders, loan and bond investors, private equity firms, debt funds, servicers, and rating agencies. CREFC’s quarterly

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keep more properties and cash flow in 2023

David Olds is the founder of Ez REI Closings, a real estate wholesale company based in Chattanooga, TN. He moved to Chattanooga in the middle of the crash in 2009 and built his business from the ground up, and he is on the show today to share his story. Listen now to learn more about Ez REI Closings and the lessons David learned through the years as a real estate

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Housing Sector Awaits Improvement in Affordability; Modest Recession Still Expected

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Elevated Mortgage Rates and Home Prices Expected to Continue to Limit Housing Activity Despite ending the year on a stronger-than-anticipated footing, the economy is still expected to slip into a modest recession beginning in the first half of 2023, according to the January 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group views the current rate of consumption as unsustainable relative to disposable income and forecasts

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Home Prices Post Small Increase as Mortgage-Rate Drop Attracts Buyers

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An increase in home searches and tours at the end of 2022 is starting to translate into purchases as mortgage rates fall. Mortgage applications are up 25%, and the slowdown in pending sales is easing. The median U.S. home-sale price increased 0.9% from a year earlier to $350,250 during the four weeks ending January 15, the biggest increase in a month, according to a new report from Redfin (redfin.com), the technology-powered real

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