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News Updates

ALL HAIL TEXAS!

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Severe hail events 18% more frequent in the first half of 2023 than prior three years. Severe hail events in the United States – storms which delivered hail of at least one inch in size within a metropolitan area – increased by almost 18% in the first half of 2023 compared to the average number of events over the same period during the past three years, according to data produced

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CoreLogic: US Mortgage Performance Remains Exceptionally Strong in July

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CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, released its monthly Loan Performance Insights Report for July 2023. For the month of July, 2.7% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.3 percentage point decrease compared with 3% in July 2022 and a 0.1% increase from June 2023. To gain a complete

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HOME AFFORDABILITY GETS EVEN TOUGHER ACROSS U.S. DURING Q3

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Major Home-Ownership Expenses Consume 35 Percent of Average Wage Nationwide, Reaching Another High Over the Past Decade; Historic Affordability Drops to New Low ATTOM, a leading curator of land, property, and real estate data, released its third-quarter 2023 U.S. Home Affordability Report showing that median-priced single-family homes and condos are less affordable in the third quarter of 2023 compared to historical averages in 99 percent of counties around the nation with

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Renting Beats Buying in All but Three of the Largest U.S. Metros

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Buying a starter home in the top 50 metros cost $1,111 (60.3%) more than renting in August, as median U.S. rents see fourth consecutive month of year-over-year declines The elevated mortgage rates, steep home prices and declining rent costs familiar in today’s housing market have made it less costly to rent than to buy a starter home in all but three of the largest metros in the U.S., according to the Realtor.com® Monthly Rental

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HOME FLIPPING ACTIVITY DROPS AS PROFITS RISE ACROSS U.S. IN SECOND QUARTER OF 2023

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Flipping Rate Declines to Near Low Point Since 2021;Typical Profit Margins Increase at Fastest Quarterly Pace in Three Years Following Extended Slump;Raw Flipping Profits Also Rebound, Up 18 Percent Over First Quarter ATTOM, a leading curator of land, property, and real estate data, released its second-quarter 2023 U.S. Home Flipping Report showing that 84,350 single-family homes and condominiums in the United States were flipped in the second quarter. Those transactions represented 8 percent, or

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RCN Capital Announces Preferred Partnership with REiDEAL MASTER

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RCN Capital, a leading nationwide private lender specializing in financing for real estate investors, announced its partnership with REiDEAL MASTER, a comprehensive technology platform that provides real estate investors with state-of-the-art tools to help grow and manage their businesses.  Through this strategic partnership with REiDEAL MASTER, RCN Capital looks to help equip its investor clients with a full technological suite of resources that can help them succeed in all market conditions.

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