REI INK

News Updates

HOMEOWNER EQUITY TURNS BACK UPWARD ACROSS U.S. IN Q2 2024

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Half of Mortgaged Homeowners Once Again Equity-Rich;  Portion of Owners Seriously Underwater Drops to Five-Year Low  ATTOM, a leading curator of land, property, and real estate data, released its second quarter 2024 U.S. Home Equity & Underwater Report, which shows that 49.2 percent of mortgaged residential properties in the United States were considered equity-rich in the second quarter, meaning that the combined estimated amount of loan balances secured by those properties was no

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Realtor.com® July Housing Report: Inventory Hits Post-Pandemic High

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Seattle (37.3%), San Jose (30.8%) and Columbus (17.4%) See Highest Gains in New Listings this July According to the Realtor.com® July housing data, the market is becoming more buyer friendly through a combination of rising inventory levels and price cut reductions. Homes actively for sale grew 36.6% in July 2024 relative to the same time last year, hitting a post-pandemic high, while the share of listings with price cuts reached 18.9%, the highest rate since October. “The inventory

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Rent Growth Picked Up in July, Reports Yardi Matrix

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July marks six consecutive months of gains in national advertised asking rents Consistent economic growth and demographic trends sustained multifamily demand at the start of the third quarter, according to the latest Yardi® Matrix National Multifamily Report. The average U.S. publicly advertised rent or “asking rent” rose 0.8 percent year-over-year (YoY) through July, or $4 to $1,743. The national occupancy rate in June remained at 94.6 percent for the seventh straight month, down 0.4 percent YoY. Gateway

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Yancy Riggs joins ServiceLink’s default division

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ServiceLink, the nation’s premier provider of tech-enabled services for all phases of the mortgage lifecycle, is pleased to welcome Yancy Riggs, vice president, national sales executive, to its default division. Riggs, who will be responsible for driving client growth and new business development for default solutions, is an accomplished and respected mortgage banking professional with more than 20 years of industry experience. He has a proven track record of success

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Redfin Reports Typical Homebuyer’s Monthly Payment Drops to Lowest Level in 4 Months

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Monthly housing payments are falling as mortgage rates decline, but many house hunters remain on the sidelines, with pending sales posting their biggest drop in nearly nine months The typical U.S. homebuyer’s monthly housing payment was $2,671 during the four weeks ending July 21, the lowest level in four months and down $166 from the record high set at the end of April. That’s according to a new report from Redfin (redfin.com),

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Nearly Two-Thirds of Gen Z and Millennials Are Ready to Become Homeowners

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New data reveals that although the younger generations have considerations about affordability, they are ready to own a home and view it as an important part of life. The dream of homeownership remains an integral part of life for Gen Z and Millennials in the U.S., who continue to feel that owning a home is important despite market conditions. In a consumer survey, RE/MAX, the #1 name in real estate, showcases Gen Z

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