REI INK

LESSEN JOINS FORCES WITH PROPERTY MELD THROUGH VENDOR NEXUS PROGRAM, VALIDATING INDUSTRY’S PUSH FORWARD TO STRENGTHEN PROPERTY MAINTENANCE OPERATIONS

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Property Meld, the leading property maintenance operations platform, proudly announces a groundbreaking partnership with Lessen, the largest vendor provider in the nation, with a market value of $2 billion. As part of Property Meld’s revolutionary Vendor Nexus program, this partnership is set to drive even greater efficiency and value for property managers across the U.S. “Lessen’s partnership with Property Meld continues to show how Vendor Management and Sourcing can be solved

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Pending Home Sales Jumped 2.5% in September, the Biggest Monthly Increase in Over a Year and a Half

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Redfin reports that existing home sales, which are a lagging indicator, fell to a seasonally adjusted annual rate of 4,023,067. That’s the lowest level on record aside from the start of the pandemic. Pending home sales jumped 2.5% month over month in September on a seasonally adjusted basis, the largest increase since January 2023, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They rose 3.1% year over

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Builders continue shift to condos and townhomes amidst affordability crisis

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Markets with faster-rising home values have seen a greater surge in permitting, on average America’s housing stock continues to grow faster than it did before the pandemic-induced housing frenzy, as builders race to fill a shortage of 4.5 million homes. The latest analysis from Zillow® shows roughly 1 million single-family homes were completed in 2023, the second-highest annual total since before the global financial crisis. That’s about 11% more homes than were completed

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U.S. Economic Footing Firmer Than Previously Thought, Projected to Expand 2.3 Percent in 2024

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Home Price Growth Expected to Decelerate in 2025 as Affordability Remains Stretched Following annual revisions to the national accounts and an improvement in payroll employment growth in both August and September, the economy now appears to be on firmer footing than previously thought, according to the October 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. While the ESR Group still expects economic growth to slow from the robust 3.2

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LexisNexis U.S. Home Trends Report Highlights Impact of Severe Storms as Catastrophic Claims Climb to Record Levels

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2024 LexisNexis Home Trends Report highlights why home insurance has increased for homeowners as loss costs across all perils rise for the fifth year in a row LexisNexis® Risk Solutions released its ninth annual LexisNexis U.S. Home Trends Report, providing an updated view of by-peril trends in the U.S. home insurance industry to help insurers make more informed business decisions to be better positioned for profitable growth, and help them educate consumers

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RE/MAX NATIONAL HOUSING REPORT FOR SEPTEMBER 2024

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Inventory Grows as Home Sales Cool, Prices Dip Slightly The number of homes for sale climbed for the seventh consecutive month across the 52 metro areas surveyed – 6.4% higher than August and 33.6% above September 2023 levels. New listings also increased 9.7% compared to September 2023. At the same time, September home sales cooled off 13.3% from August – a seasonal norm. Home sales dropped 13.8% and 9.7% from August to September

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