REI INK

News Updates

HOME AFFORDABILITY WORSENS ACROSS U.S. DURING SECOND QUARTER OF 2023 AS HOME PRICES TICK UPWARDS

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Major Home-Ownership Expenses Consume One-Third of Average Wage;Historic Affordability Hits Low Point Since 2007;Affordability Declines as Median Home Price Spikes 10 Percent ATTOM, a leading curator of land, property, and real estate data, released its second-quarter 2023 U.S. Home Affordability Report showing that median-priced single-family homes and condos are less affordable in the second quarter of 2023 compared to historical averages in 98 percent of counties around the nation with enough

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Backflip Demonstrates National Growth with Launch in 41 U.S. Markets

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The real estate fintech platform has expanded nationwide, acquired Austin-based Refinably, appointed its first Chief Product Officer, and has grown 3X year-over-year  Backflip, an all-in-one real estate and fintech platform for fix-and-flip investors, announced its nationwide expansion to 41 new U.S. markets. First-time and experienced residential real estate investors from Alaska to Hawaii can now leverage Backflip’s data, technology, and capital to make better real estate investment decisions and quickly fund the rejuvenation of America’s

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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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