REI INK

Sluggish Home Sales Expected as Consumers Hold Out for Improved Affordability

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Despite Recent Decline in Mortgage Rates, Existing Home Sales Likely to Remain Weak Despite the recent pullback in mortgage rates, total home sales are expected to come in lower than previously forecast through the rest of 2024, and then not pick up meaningfully until further out in 2025, according to the August 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group notes that purchase mortgage applications

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ZOMBIE FORECLOSURE RATE CONTINUES TO DECLINE IN THIRD QUARTER OF 2024, MARKING LOWEST LEVEL SINCE 2021

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Abandoned Homes in Foreclosure Down 20 Percent Annually;  Only One in 14,800 U.S. Homes Sit Empty in Foreclosure, Matching Three-Year Low;  Zombie-Property Trends Come Amid Decline in Lenders Going After Delinquent Homeowners ATTOM, a leading curator of land, property, and real estate data, released its third-quarter 2024 Vacant Property and Zombie Foreclosure Report showing that 1.4 million (1,357,423) residential properties in the United States are vacant. That figure represents 1.3 percent, or one

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Redfin Reports U.S. Home Prices Tick Up 0.2% for the Second Month in a Row

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Home prices grew 0.2% in July—equal to the slowest pace since January 2023—with more than 40% of the most populous U.S. metros recording a drop in home prices U.S. home prices ticked up 0.2% for the second-consecutive month in July, on a seasonally adjusted basis, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s equal to the smallest month over month increase since January 2023. On a

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Realtor.com® Unveils the 2024 Hottest ZIP Codes in America

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Midwest and Northeast ZIPs Dominate this Years List For the first time since Realtor.com®‘s inaugural Hottest ZIP Codes Report in 2017, one ZIP code, 43230, Gahanna, Ohio, took the No. 1 spot for a second consecutive year. In the 2024 report, we once again see this years’ hottest ZIPs located exclusively in the Midwest and the Northeast, as each of this year’s top markets attract buyers who are looking for a combination of value and

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U.S. FORECLOSURE ACTIVITY SEES A MONTHLY INCREASE IN JULY 2024

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Foreclosure Starts Increase 18 Percent from Last Month; Completed Foreclosures Increase 14 Percent ATTOM, a leading curator of land, property, and real estate data, released its July 2024 U.S. Foreclosure Market Report, which shows there were a total of 31,929 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 15 percent from a month ago and up slightly by .2 percent from a year ago.  “July’s foreclosure activity reflects a

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Indigo Emerges from Stealth to Bring AI to Home Transactions

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Following Burnett v. NAR, Indigo provides real estate agents, buyers and sellers streamlined communications, bidding and negotiations to adapt to changes. Indigo, the market’s first AI-powered home transaction platform, launched with leading real estate agents and teams from Compass, Keller Williams, eXp, RE/MAX and more. Indigo is launching in Charlotte, N.C., with additional markets in the coming months. Indigo’s flagship offering, Home Checkout, elevates the industry from search portals to transaction

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