REI INK

News Updates

Housing Activity Expected to Pick Up in 2024 as Rates Move Lower

  • by
  • Comment Off
  • 1,859 views

Economic Growth Still Predicted to Soften as the Labor Market Shows Signs of Cooling Existing home sales and new single-family housing starts are expected to grow modestly in 2024 amid lower mortgage rates and slowly strengthening homebuyer sentiment, according to the February 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. While housing affordability is still seriously constrained following the home price run-up of the past few years, the

Read More

Realtor.com® January Rental Report: Mild Relief for Renters Continues As Rental Prices Decline to Start New Year

  • by
  • Comment Off
  • 427 views

In January, U.S. median rents dropped (-0.3%) for sixth straight month Rents fell in January for the sixth month in a row, with year-over-year prices down -0.3%, according to the monthly Realtor.com® Rental Report . That’s providing some relief for renters, though prices remain higher than pre-pandemic levels amid strong demand and a limited supply of new units in many markets. In January, the median asking rent for 0-2 bedroom units in

Read More

Private Lending Industry Veteran Stephan Leccese Joins Lima One Capital’s Senior Management Team

  • by
  • Comment Off
  • 472 views

Lima One Capital, the nation’s premier lender for real estate investors, has added Stephan Leccese as Managing Director of Operations. In this newly created role, Leccese oversees core operational functions including loan production, strategic accounts, lender finance, valuations, and construction management. Leccese brings over two decades of experience in real estate, finance, and technology that will help Lima One drive efficient loan production and a more effective customer experience. “I’m

Read More

Redfin Home Price Index: Price Growth Holds Steady at Start of the Year

  • by
  • Comment Off
  • 265 views

Home prices rose 0.5% month over month in January, on par with December’s gain, as the drop in mortgage rates at the end of last year gave buyers a bit more purchasing power U.S. home prices climbed 0.5% from a month earlier in January, matching the 0.5% gain seen in both December and November, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a year-over-year basis, prices

Read More

Housing Market Activity Lost Steam in January as Mortgage Rates Stopped Falling and Prices Kept Rising

  • by
  • Comment Off
  • 260 views

Redfin reports new listings dropped for the first time since June and pending sales growth slowed; Stagnating mortgage rates and the biggest home-price jump in over a year caused the market to lose momentum New listings dropped 1.2% month over month on a seasonally adjusted basis, the first decline since June, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They were up 2.7% from a year earlier,

Read More

OPPORTUNITY ZONE HOUSING MARKETS STILL TRACKING ALONG WITH BROADER U.S. HOUSING MARKET

  • by
  • Comment Off
  • 235 views

Median Home Values Decrease During Fourth Quarter of 2023 in Just Over Half of Opportunity Zones Targeted for Economic Redevelopment Around U.S.;  Price-Decline Trends Inside Zones Again Follow Closely With National Market Patterns ATTOM, a leading curator of land, property, and real estate data, released its fourth-quarter 2023 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017. In this report, ATTOM looked

Read More