REI INK

News Updates

Mixed Data Complicates Economic Forecast, though Recession Remains Likely

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Lack of Homes for Sale Is Supporting Home Prices, New Home Construction Mixed data has painted a muddled picture of macroeconomic conditions in recent months, though a recession remains the most likely outcome of the rapid tightening of monetary policy and late-stage business cycle dynamics, according to the June 2023 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. While inflation has moderated partly due to slowing domestic and global economic

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Attention Investors and Fix-n-Flippers!

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Attention Investors and Fix-n-Flippers! 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. We encourage you to participate, as you will receive exclusive data and information about specific markets of your choosing. What’s in it for You?At the end of the survey, participants can download a FREE set of

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No End in Sight for the Housing Shortage, New Western Investor Survey Finds

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Due to the lack of inventory, 80 percent of surveyed investors are selling homes at or above asking price  New Western, the largest national private real estate investment marketplace, released a survey and report on single family real estate investor sentiment in the United States and the company’s top growing markets right now. Approximately 60 percent of survey respondents believe the U.S. is in a housing shortage. As a result, 80 percent of

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Black Knight: Past-Due Mortgages Approach Recent Record Lows

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Serious Delinquencies Continue Improvement; Prepayments See Seasonal Rise Black Knight, Inc. reports the following “first look” at May 2023 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.10%Month-over-month change: -6.25%Year-over-year change: -2.62% Total U.S. foreclosure pre-sale inventory rate: 0.43%Month-over-month change: -2.03%Year-over-year change: 2.02% Total U.S. foreclosure starts: 25,400       Month-over-month

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Redfin Report: The Spring 2023 Homebuying Season Never Happened

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Near-7% mortgage rates are preventing both would-be homebuyers and would-be sellers from entering the market. Construction of new single-family homes is near its highest level in almost two decades, providing some hope for an uptick in inventory by next year. As spring turns into summer, it’s official: The traditionally hot spring homebuying season didn’t come to fruition in 2023. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate

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Affordability crisis: United States needs 4.3 million more homes

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Gap between families and available homes widens and likely continues to grow A significant shortage of affordable housing options is fueling America’s affordability crisis, particularly for those looking to move out on their own for the first time, a new Zillow analysis shows. This huge housing deficit underscores the need for policies and investments that can boost construction. This lack of housing — especially affordable options — has left millions of

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