REI INK

Realtor.com® October Rental Report: Rents Fall Again, With More New Units Expected in 2025

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Growing supply of multifamily housing suggests a 1.1% increase in rental stock to more than 49 million units by next fall, with the biggest increases in the South and West. Rents fell by -0.8% to $1,720 in October, marking their fifteenth consecutive month of year-over-year declines and falling the most for smaller-sized units, according to the Realtor.com® October Rental Report. Looking ahead, new rental properties coming onto the market are expected to put continued

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COST OF HOME REPAIRS INCREASES BY 3.35% FROM Q3 2023 ACCORDING TO THE Q3 2024 VERISK REMODEL INDEX

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Price increases continue to slow down after post-COVID surge, but have risen almost 70% in the past decade The cost of home repairs and remodeling in the third quarter of 2024 continued to increase, rising by 1.08% from the prior quarter and just over 3.35% from the third quarter of 2023 according to the Q3 2024 Verisk Remodel Index. Costs set new highs for the past decade, rising over 69.5%

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Homes With Low Natural Disaster Risk Are Rising in Value Faster Than Homes With High Risk for the First Time in Over a Decade

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Redfin reports that this year marked the first time since 2010 that low-risk homes across three major climate categories—heat, fire and flood—gained value faster than high-risk homes. That may be a sign Americans are growing more responsive to natural disasters. For the first time since 2010, homes facing low risk from natural disasters are rising in value faster than homes facing high risk, according to a new report from Redfin (redfin.com), the

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Obie Unveils Tenant Legal Liability Policy to Empower Real Estate Investors with Streamlined Tenant Risk Coverage

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Obie, a leader in modern insurance solutions for real estate investors, is proud to announce the launch of its Tenant Legal Liability (TLL) policy — a streamlined coverage option for protecting rental properties and their owners against tenant-related damage. TLL coverage seamlessly integrates into Obie’s online quoting platform at the time of new business, making adding this protection as simple as selecting a single checkbox. Obie’s TLL policy is among

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Zillow Group Promotes Jun Choo to chief operating officer

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Zillow Group, Inc. (Nasdaq: Z and ZG), which is transforming the way people buy, sell, rent and finance homes, announced that tenured Zillow executive Jun Choo has been promoted to chief operating officer (COO).  In this role, Choo will now oversee Zillow’s for sale business strategy and operations including Enhanced Markets and Mortgages in addition to the company’s real estate industry product lines, sales and operations.  Choo joined Zillow Group in 2015 through

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RE/MAX NATIONAL HOUSING REPORT FOR OCTOBER 2024

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Home Sales Were Unseasonably Strong While Inventory Climbed October home sales bucked seasonal trends and posted a 6.7% increase over September and were 8.4% higher year-over-year. Year to date, 2024 home sales have exceeded 2023 levels in six of 10 months. Though new listings were down 0.7% from September, they were 14.8% higher than October 2023. October’s active inventory grew just 0.6% from September – the lowest month-to-month increase since February

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