REI INK

News Updates

U.S. Asking Rents Rose 0.4% in February—A Small Increase, But the First in 6 Months

Landlords may have more leeway to raise rents next year because apartment construction is slowing, which could eventually lead to more renters than vacant units The median U.S. asking rent rose 0.4% year over year to $1,607 in February—the first increase in six months and the biggest in nine months. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a month-over-month basis, asking rents climbed 0.6%.

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Consumer Housing Sentiment Down Year over Year for First Time Since 2023

Pessimism Toward Mortgage Rates and Personal Financial Situations Grows The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 1.8 points in February to 71.6, driven largely by consumers’ increased pessimism that mortgage rates will go down in the next year. The share of consumers who say it is a good time to buy a home inched up last month to 24%, while the share who say it is a good

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Flatiron Realty Capital Secures $1 Billion in Mortgage Funding Facilities

Will Support Luxury Single-Family Homes, Brokers, and Mortgage Loan Originators Nationwide Flatiron Realty Capital, LLC (“Flatiron”), a leading private equity firm specializing in real estate lending, announced the successful closing of $1 billion in total credit facilities. These facilities are designed to fuel the growth and financing of luxury single-family homes across the United States, providing capital for brokers, mortgage loan originators, and home builders. Founding Partners, Robert Talas, Michael Ostad and Edward Ostad have a crucial role in

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NMHC and NAA Send Letter to White House Highlighting Regulations for Review

As our nation continues to grapple with a significant housing shortage, the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) sent a letter to the White House requesting a thorough review of 32 federal programs, rules and regulations at 10 different agencies. The goal of this review is to increase housing supply, lower costs and improve housing affordability. Some regulations stray from their intended purpose, stifling innovation, and hampering housing

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Figure’s DART Lien Registry Attracts Major Partners

Figure’s DART system, a blockchain-based lien registry, adds Goldman Sachs, Jefferies, Deutsche Bank, and over half of the Top 20 Independent Mortgage Banks Figure Technology Solutions (“Figure”), a technology platform powering a more efficient and liquid marketplace for financial products, announced that its DART electronic lien registry has achieved significant ecosystem traction among warehouse providers, investors and originating partners. DART is a core component of the Figure Connect loan marketplace. Goldman Sachs, Jefferies,

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THE Q4 2024 VERISK REMODEL INDEX

Prices continue to increase, but at a slower pace, as the industry braces for the impact of potential tariffs on imported goods and materials. The cost of home repairs and remodeling in the third quarter of 2024 continued to increase, rising by 3.65% from the fourth quarter of 2023, and 0.83% from the prior quarter according to the Q4 2024 Verisk Remodel Index. Costs set new highs for the past

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