REI INK

Zillow Group Promotes Jeremy Wacksman to CEO

  • by
  • Comment Off
  • 190 views

Rich Barton remains on the Zillow Group Board of Directors and becomes co-executive chair alongside Zillow co-founder and current executive chair Lloyd Frink Zillow Group, Inc., which is transforming the way people buy, sell, rent and finance homes, announced longtime executive and Chief Operating Officer Jeremy Wacksman has been promoted to chief executive officer and appointed to the Company’s Board of Directors. Wacksman succeeds co-founder Rich Barton, who remains on the Zillow Group Board of

Read More

HOMEOWNER EQUITY TURNS BACK UPWARD ACROSS U.S. IN Q2 2024

  • by
  • Comment Off
  • 137 views

Half of Mortgaged Homeowners Once Again Equity-Rich;  Portion of Owners Seriously Underwater Drops to Five-Year Low  ATTOM, a leading curator of land, property, and real estate data, released its second quarter 2024 U.S. Home Equity & Underwater Report, which shows that 49.2 percent of mortgaged residential properties in the United States were considered equity-rich in the second quarter, meaning that the combined estimated amount of loan balances secured by those properties was no

Read More

Realtor.com® July Housing Report: Inventory Hits Post-Pandemic High

  • by
  • Comment Off
  • 210 views

Seattle (37.3%), San Jose (30.8%) and Columbus (17.4%) See Highest Gains in New Listings this July According to the Realtor.com® July housing data, the market is becoming more buyer friendly through a combination of rising inventory levels and price cut reductions. Homes actively for sale grew 36.6% in July 2024 relative to the same time last year, hitting a post-pandemic high, while the share of listings with price cuts reached 18.9%, the highest rate since October. “The inventory

Read More

Rent Growth Picked Up in July, Reports Yardi Matrix

  • by
  • Comment Off
  • 135 views

July marks six consecutive months of gains in national advertised asking rents Consistent economic growth and demographic trends sustained multifamily demand at the start of the third quarter, according to the latest Yardi® Matrix National Multifamily Report. The average U.S. publicly advertised rent or “asking rent” rose 0.8 percent year-over-year (YoY) through July, or $4 to $1,743. The national occupancy rate in June remained at 94.6 percent for the seventh straight month, down 0.4 percent YoY. Gateway

Read More

PURE Property Management

Making Property Management Better for Everyone By Carole VanSickle Ellis At the beginning of 2024, roughly 10 million individuals in the United States owned rental properties. Of those 10 million, 51% work with a property manager to manage those investments, and those property management firms take between 8% and 12% of monthly rents, generating nearly $100 billion in annual revenue for these valuable services. Despite this professional management, in 2023,

Read More

Santa Fe, New Mexico

“The City Different” Continues to Stand Out from the Crowd in 2024 By Carole VanSickle Ellis In 1912, when New Mexico became the 47th state in the United States, its capital city, Santa Fe (“Holy Faith,” an abbreviation for the original name La Villa Real de la Santa Fe de San Francisco de Asís, or the Royal Town of the Holy Faith of Saint Francis of Assisi), was already more

Read More