REI INK

Statement from RealPage: The Real Story

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Company Addresses False Narrative Concerning Revenue Management Software RealPage, a leading global provider of software and data analytics to the real estate industry, issued a statement to correct factual inaccuracies that have been reported related to its revenue management software and its impact on renters. Starting in October 2022, false and misleading claims about RealPage and its revenue management software have been reported to the media and in legal filings.

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THE NAR SETTLEMENT

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The Institutional Impact on Shifting Agent Compensation There has been a lot of buzz in the industry about the NAR settlement and how it will impact all parties, from agents to consumers. But there hasn’t been much discussion about how it will affect institutions. Lenders, servicers, and investors should begin proactively adapting to the changes in agent compensation. Join us on June 24th, for a deep dive into The NAR

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Homes Sales Fell to One of the Lowest Levels on Record in May

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The median U.S. home sale price hit a record high in May as demand continued to outpace supply, with the number of homes for sale roughly 25% below pre-pandemic levels Home sales fell 1.7% month over month in May on a seasonally adjusted basis and dropped 2.9% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. There have been just two months in the

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Minimal Rent Growth Expected for U.S. Multifamily Market in 2024

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Rent performance varies by region, with national average expected to decelerate U.S. multifamily rent growth and occupancy have deteriorated since the 2022 peak, and the 2024 Multifamily Outlook from Yardi® Matrix anticipates further deceleration in the second half of this year. According to the new report, advertised multifamily rents are up 1.1 percent year-to-date, with year-over-year increases maintaining each month at around 0.6 percent. Analysts expect that advertised rent growth will be around

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RE/MAX NATIONAL HOUSING REPORT FOR MAY 2024

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Inventory Jumped 40%, Home Prices Increased 5%, Sales Exceed 2023 Pace In May, both inventory and new listings grew to levels not seen since the second half of 2022.  The number of homes for sale, as surveyed across 53 metro areas, also increased, rising 8.7% over April and 39.6% year over year. And for the third consecutive month, the number of new listings exceeded 2023 levels by double-digit percentages –

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More Than 3 in 5 Home Listings Are Now ‘Stale’ As Record-High Costs Dampen Demand

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More homes are sitting on the market for at least 30 days without going under contract, as homebuying demand falters in the face of high housing costs More than three in five (61.9%) homes that were on the market in May had been listed for at least 30 days without going under contract, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s up from 60% one year

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