REI INK

News Updates

U.S. Home Prices Hit New All-Time High, Pushing Pending Sales Down 5%

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The good news for prospective buyers: There are more new listings to choose from, and monthly housing payments are down nearly $100 from their April peak as mortgage rates decline. Pending home sales posted their biggest decline since February during the four weeks ending June 30, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The median sale price rose 5% from a year ago, hitting an all-time

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Q2 2024 Fix and Flip Survey is now LIVE!

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REI INK has partnered with the National Private Lenders Association and John Burns Research and Consulting to give you the chance to participate in a survey of fix-and-flip market conditions. At the end of the survey, you can select a free metro-level data report for each market you rate (up to 3) to help inform you and your business. Data includes statistics on sales, prices, rents, demand, supply, and affordability.

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ICE Mortgage Monitor: As Market Gradually Shifts to Higher Rates, Latest Data Identifies Possible Refinance Tipping Point

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Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, released its July 2024 ICE Mortgage Monitor Report, based on the company’s industry-leading mortgage, real estate and public records data sets. This month’s Mortgage Monitor looks into the dynamics behind the changing makeup of the active mortgage market, which is gradually shifting toward higher average rates. As Andy Walden, ICE’s Vice President of Research and Analysis notes, the overall

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Easy Street Offers Expands into Nine New States

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Easy Street Offers, the premier online marketplace connecting real estate agents and property investors for cash real estate transactions, proudly announces its expansion into nine new states: Colorado, Georgia, Florida, Indiana, Kansas, Missouri, Oklahoma, Pennsylvania, and Utah, effective June 30, 2024. Easy Street Offers is revolutionizing the real estate market by bridging the gap between listing agents and property investors. Our platform ensures a seamless and user-friendly process, delivering quality

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BLN SOFTWARE UNVEILS DYNAMIC REBRANDING INITIATIVE

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New Brand Marks Bold New Chapter for the Tech Company BLN Software, formerly known as Bridge Loan Network, is proud to announce a bold rebranding strategy that marks a significant milestone in the company’s journey in the real estate software space. This strategic initiative is set to drive the company into a new era of innovation and cutting-edge solutions, reinforcing its commitment to revolutionizing the way businesses leverage software for

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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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