REI INK

News Updates

Sherman Bridge Launches Lending Marketplace

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First of its kind marketplace connects investors with 15 lenders in over 40 markets across the United States Sherman Bridge, a private money lender for investors purchasing distressed single-family residential real estate, has launched a new, first of its kind online marketplace to efficiently connect lenders with investors. The marketplace will help investors streamline the financing process, connecting them with 15 different proven and vetted lenders who offer competitive loan options

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Homes in Upstate New York Sell in Roughly a Week While in Austin It Takes Nearly Two Months

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Albany, Rochester and Buffalo are among the nation’s fastest housing markets. Austin, once known for its speed, is one of the slowest. In Albany, NY, the typical home that sold in September went under contract in just eight days, making it the fastest market in the country, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Next came Rochester, NY (9), Grand Rapids, MI (9) Buffalo, NY (11), San Jose, CA (12) and Seattle (12). Aside from Seattle and

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Serious Mortgage Delinquency Rate Drops to All-Time Low in August

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CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, released its monthly Loan Performance Insights Report for August 2023. In August 2023, 2.6% 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 0.2 percentage point decrease compared with 2.8% in August 2022 and a 0.1 percentage point decrease from July 2023. To gain a complete

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Blox Launches AI Financial Automation for Property Operators

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With investment from Fika, Navitas, and Clocktower Blox, the financial AI automation company for real estate, announced the launch of its all-in-one software platform. Blox uses machine learning to automate key receivables tasks, including statement audit, refunds, payments, messaging, disputes, settlements, and bank treasury. Blox is founded by real estate technology veteran, Derek Merrill, who previously founded LeaseLock, installed in almost 500,000 apartment homes. Blox closed pre-seed investment from Fika

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U-Haul Signs Exclusive Partnership with Moved to Support the Multifamily Industry and Renters

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U-Haul®, the industry leader in DIY moving and self-storage, announced an exclusive partnership with resident technology company Moved™. The agreement includes exclusive rights for both U-Haul and Moved’s business-to-business-to-consumer (B2B2C) software, which streamlines the onboarding and offboarding process for tenants of multifamily communities. It’s a first-of-its-kind commercial agreement for U-Haul, which has been providing movers with affordable mobility solutions since 1945. This also marks the first outside investment of U-Haul in

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Redfin Reports New Listings and Pending Sales Ticked Up in September, But Deals Were Canceled at Highest Rate in Almost a Year

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New listings inched up as some homeowners opted to cash out, fearing that elevated mortgage rates could drive a drop in home prices New listings climbed 1.4% month over month in September, the largest increase since February 2022 on a seasonally adjusted basis, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s a glimmer of relief for homebuyers, who for months have been waiting for more homes

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