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FirstKey Homes Announces Leadership Transition

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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 Chairman, Chan will work closely with FirstKey Homes’ leadership team to oversee all strategic and operational aspects of the business. “FirstKey Homes is proud to be a leader in delivering exceptional offerings to

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Nearly 40% of Renters Think They’ll Never Own a Home, Up From 27% Last Year

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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 technology-powered real estate brokerage. Lack of affordability is the prevailing reason renters believe they’re unlikely to become homeowners. Nearly half (44%) of

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Phoenix Real Estate Investment Start-Up Shakes Up Industry

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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who have controlled the market for the last 15 years are suffering massive employee exodus due to poor management, outdated sales tactics and ambitions of a big cashout payday. “With modern times comes modern expectations. Investment real estate professionals no longer want to work for organizations whose executives or

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U.S. FORECLOSURE ACTIVITY INCREASES QUARTERLY IN Q1 2024

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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 filings during the first quarter of 2024, up 3 percent from the previous quarter but down less than 1 percent from a year ago. The

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RCN capital SPRING 2024 INVESTOR SENTIMENT SURVEY

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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 the investors surveyed noted that rising insurance costs or the unavailability of insurance coverage was a factor in their decisions to buy and sell real

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Half of U.S. Homeowners and Renters Struggle to Afford Their Housing Payments

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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 estate brokerage. Many report making sacrifices to cover their housing costs. The most common sacrifice was taking no or fewer vacations. More than one-third of homeowners and renters (34.5%) who struggle

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