REI INK

HOME-SELLING PROFITS DROP IN 2023 FOR FIRST TIME IN OVER A DECADE AMID MODEST PRICE GAINS

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Profits on Home Sales Across U.S. Decrease for First Time Since 2011;Typical Seller Gains Remain Strong, But Decline from 60 Percent to 57 Percent;National Median Home Price Rises at Slowest Pace in 12 Years ATTOM, a leading curator of land, property and real estate data, released its Year-End 2023 U.S. Home Sales Report, which shows that home sellers made a $121,000 profit on the typical sale in 2023, generating a 56.5 percent return

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Realtor.com® December Rental Report: Price Peak Behind Us as Rents Continue to Fall at Year’s End

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In December, U.S. median rents dropped (-0.4%) for the eighth month in a row and across all-sized homes The U.S. rental market experienced a noticeable shift in momentum in 2023 and closed out the year with eight straight months of year-over-year price declines, according to the Realtor.com® December Rental Report. While rents are overall up from pre-pandemic levels, an uptick in supply from a building boom in recent years means 2023

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Nearly 80% Of Prospective Homebuyers Willing to Adjust Their Homebuying Plans

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New data reveals property and financing options prospective homebuyers are willing to consider. From purchasing multi-family properties to co-owning with friends and family, prospective buyers are willing to get creative to become homeowners in the next 12 months, new data reveals. In a consumer survey, RE/MAX, the #1 name in real estate, showcases Americans’ plans for achieving homeownership in 2024. The housing market has experienced a few years of record-high

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Marriott International Announces Global Growth of Apartments by Marriott Bonvoy Portfolio

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Just one year after announcing its intention to expand presence in premium and luxury apartment-style accommodations, Marriott has opened its first property in Puerto Rico and signed agreements in the United States, Italy, and Saudi Arabia. Marriott International, Inc. announced plans to further expand its new Apartments by Marriott Bonvoy™ brand offering, with signed development agreements in the United States, Italy, and the Kingdom of Saudi Arabia. Today’s announcement comes on the heels of the recent opening of

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Rent Control and Other Rent Regulation Laws Hurt Renters Seeking Housing Opportunity and Affordability

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Regulations Disproportionally Benefit Higher Income Renters As communities across the nation continue to face real housing affordability challenges, too many lawmakers are considering policies to regulate rents instead of those that will increase the supply of housing and, therefore, enhance equity and lower housing costs for residents. A new study by Dr. Arthur C. Nelson, Professor Emeritus at the University of Arizona, provides a comprehensive review of peer reviewed academic

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Pending Home Sales Rose 4% in December—Biggest Jump in Over Two Years

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Homebuyers came out of the woodwork as mortgage rates posted the biggest monthly decline since 2008 Pending home sales rose 4.1% month over month in December on a seasonally adjusted basis–the biggest increase since September 2021–to the highest level in more than a year. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They climbed 5.9% from a year earlier, the biggest annual gain since June 2021.

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