REI INK

How to Create and Manage a PROFITABLE Business

David Richter is a real estate investor, author, and the founder and owner of Simple CFO Solutions. He took the Profit First system developed by Mike Michalowicz and turned it into Profit First for Real Estate Investing, designed specifically to empower real estate professionals to make more profit and achieve financial freedom by gaining financial clarity and having control over their business finances. Listen now to learn more about the

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Redfin Reports Only 39% of Renters Make Enough Money to Afford the Median-Priced Apartment

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The income renters need to afford the typical apartment is the highest since 2022 amid a rebound in asking rents, which are now just $47 shy of their record high The typical U.S. renter household earns an estimated $54,712 per year, 17.3% less ($11,408 in dollar terms) than the $66,120 needed to afford monthly rent for the median-priced U.S. apartment ($1,653). That’s according to a new report from Redfin (redfin.com), the technology-powered

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ARIA Property Services Unveils Exclusive Select Investors Program with Unique Zero Deposit Policy

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ARIA Property Services, a leading force in the Texas residential housing market, is excited to announce the launch of its Select Investors programs. This pioneering initiative offers wholesale residential investors exclusive access to off-market investment opportunities with zero down for every Select Investor. This program exemplifies ARIA’s commitment to providing innovative and valuable investment solutions. Select Investors revolutionizes the residential investment landscape. ARIA offers wholesale investors the opportunity to access exclusive off-market homes. A one-time annual

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ICE First Look: Mortgage Performance Remains Strong as Delinquencies, Foreclosures Continue to Improve in May

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Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, reports the following “first look” at May 2024 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Data as of May 31, 2024 Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.04% Month-over-month change: -1.55% Year-over-year change: -1.94%   Total U.S. foreclosure

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To afford a monthly mortgage payment, middle-class Americans need to put more than $127,000 down

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Forty-three percent of last year’s home buyers used a gift from family or friends to help with their down payment, the most since at least 2018 To comfortably afford a typical U.S. home, a home buyer making the median income needs to put down nearly $127,750, or 35.4%, a new Zillow® analysis shows. Five years ago, when mortgage rates were hovering just above 4% and the typical home was worth about 50% less,

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Unaffordability Expected to Remain Primary Constraint on Home Sales

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Rise in Listings Likely Means Many Homeowners No Longer Willing to Delay Moving Affordability constraints continue to limit the number of buyers willing and able to make home purchases, even as listings of for-sale homes rise, according to the June 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. As such, the ESR Group downgraded its total home sales forecast to 4.82 million in 2024, representing a modest 1.3

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