REI INK

Rents are growing fastest in unexpected places

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Rents are still most expensive in large coastal markets, but they are growing fastest in smaller markets in the Northeast and Midwest While rents are most expensive in large coastal markets like New York City, the San Francisco Bay Area and Boston, the fastest-growing rents are in unexpected places. New data from Zillow® shows rents are growing faster in Hartford than any other major market, and Cleveland and Louisville aren’t far behind. “More people move during the summer, which causes the rental

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Reimagining Risk Management for Residential Real Estate Investors 

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As the landscape of property insurance changes, real estate investors must rethink their risk management strategies. Bundling rental properties with personal lines policies may no longer be the most effective solution given the rental market’s scale and the frequency of claims.  The Rental Market Landscape  According to John Burns Research & Consulting, there are approximately 14 million SFR rental properties. Notably, 11.2 million (80%) are owned by ‘mom-and-pop’ landlords with

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Home Affordability Gets Tougher During Second Quarter Across U.S. As Prices Shoot Back Up

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Major Home-Ownership Expenses Now Consume 35 Percent of Average Wage Nationwide;  Portion Hits High Point in Over a Decade as Median Home Price Soars to Another Record ATTOM, a leading curator of land, property and real estate data, released its second-quarter 2024 U.S. Home Affordability Report showing that median-priced single-family homes and condos remained less affordable in the second quarter of 2024 compared to historical averages in 99 percent of counties

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U.S. Home Prices Hit New All-Time High, Pushing Pending Sales Down 5%

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The good news for prospective buyers: There are more new listings to choose from, and monthly housing payments are down nearly $100 from their April peak as mortgage rates decline. Pending home sales posted their biggest decline since February during the four weeks ending June 30, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median sale price rose 5% from a year ago, hitting an all-time

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Q2 2024 Fix and Flip Survey is now LIVE!

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REI INK has partnered with the National Private Lenders Association and John Burns Research and Consulting to give you the chance to participate in a survey of fix-and-flip market conditions. At the end of the survey, you can select a free metro-level data report for each market you rate (up to 3) to help inform you and your business. Data includes statistics on sales, prices, rents, demand, supply, and affordability.

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ICE Mortgage Monitor: As Market Gradually Shifts to Higher Rates, Latest Data Identifies Possible Refinance Tipping Point

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Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, released its July 2024 ICE Mortgage Monitor Report, based on the company’s industry-leading mortgage, real estate and public records data sets. This month’s Mortgage Monitor looks into the dynamics behind the changing makeup of the active mortgage market, which is gradually shifting toward higher average rates. As Andy Walden, ICE’s Vice President of Research and Analysis notes, the overall

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