FirstKey Homes, LLC ("FirstKey Homes" or the "Company") announced today that Colleen Keating will step down as Chief Executive Officer. Board of Directors members Chan Galbato and Brendan Garvey have been appointed Executive Chairman and Lead Director, respectively. In his role as Executive...
Lack of affordability is the most commonly cited reason renters don’t believe they’ll ever own a home Nearly two in five (38%) U.S. renters don’t believe they’ll ever own a home, up from roughly one-quarter (27%) less than a year ago, according to a new report from Redfin (redfin.com), the...
The residential real estate investment industry is experiencing a major shakeup across the country, as the short list of industry giants who have controlled the market for the last 15 years are suffering massive employee exodus due to poor management, outdated sales tactics and ambitions of a big...
Foreclosure Starts See Quarterly Increase of 2 Percent; Bank Repossessions Up 7 Percent from Previous Quarter ATTOM, a leading curator of land, property, and real estate data, released its Q1 2024 U.S. Foreclosure Market Report, which shows a total of 95,349 U.S. properties with a foreclosure...
RISING INSURANCE COSTS A GROWING CONCERN FOR REAL ESTATE INVESTORS Insurance challenges have become a major cause of concern among real estate investors, according to the Spring 2024 Investor Sentiment Survey from RCN Capital, conducted by market intelligence firm CJ Patrick Company. Over 68% of...
Americans report skipping meals, working overtime, and delaying medical care to afford housing Half of U.S. homeowners and renters (49.9%) sometimes, regularly or greatly struggle to afford their housing payments, according to a new report from Redfin (redfin.com), the technology-powered real...
Total Single-Family Taxes Levied Nationwide in 2023 Rise Twice as Fast as in 2022; Average Property Tax Up 4 percent, to $4,062, While Effective Rate Also Increases; Highest Effective Tax Rates Remain Clustered in Northeast and Midwest ATTOM, a leading curator of land, property, and real estate...
March data shows the largest share of price reductions since 2019 with 34 out of the 50 largest metros showing an uptick in drops According to the Realtor.com® March housing report, buyers are looking at an optimistic mix of increasing inventory and an uptick in price reductions going into the...
Veros Real Estate Solutions (Veros®), an industry leader in enterprise risk management and collateral valuation services, released its 2024 Q1 VeroFORECASTSM, with projections indicating an average nationwide appreciation of 2.9% over the next 12 months. This is an upward revision from last...
