REI INK

News Updates

HOUSING MARKET SLOWDOWN ACROSS U.S. STARTING TO AFFECT UPSCALE AND WESTERN MARKETS MORE THAN OTHERS

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Oregon and Washington Among Higher-Priced Areas of Nation Absorbing More of Recent Market Decline Based on Key Measures from First Quarter of 2023; Other Areas of U.S. in Lower Price Ranges Showing Less Impact from Downturn ATTOM, a leading curator of land, property, and real estate data, released a Special Housing Impact Report spotlighting how the recent downturn in the U.S. housing market is starting to affect counties around the nation, based on key

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Home Prices May Have Bottomed Out

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With Limited Inventory, the Mid-Atlantic Market Remains Competitive After two and a half years of robust price growth, home prices in the Mid-Atlantic have been relatively flat for the past three months. However, homes continue to sell very fast and the lack of new listings suggests that prices in the region may have bottomed out and could be set to rebound. Both pending and closed sales increased between April and

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Poplar Homes Names Lydia Bowers Chief People Officer

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Veteran Startup HR Leader to Help Take Company to the Next Level  Poplar Homes, the tech-enabled property management company changing the way independent single-family rental investors and multifamily owners manage their rental properties, announced that Lydia Bowers joined the company as Chief People Officer, a new role at the company. Reporting to Poplar CEO Greg Toschi, Bowers will play a pivotal role in evolving the People function as the company

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Redfin Reports Asking Rents Fall 2% in the West But Rise 5% in the Northeast, Midwest

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Nationwide, rents declined 1% from a year earlier in May—the largest drop since 2020—as a building boom increased supply and economic uncertainty cooled demand The median U.S. asking rent fell 0.6% year over year to $1,995 in May—the largest annual decline since March 2020—according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That compares with a near-record 16.5% increase one year earlier. May’s drop also represented the first

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U.S. FORECLOSURE ACTIVITY SEES SPIKE IN MAY 2023

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Foreclosure Starts Increase 4 Percent from Last Month, While Completed Foreclosures Increase 38 Percent ATTOM, a leading curator of land, property, and real estate data, released its May 2023 U.S. Foreclosure Market Report, which shows there were a total of 35,196 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 7 percent from a month ago and up 14 percent from a year ago.  “The recent increase in foreclosure

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House members introduce ‘Neighborhood Homes Investment Act’ to expand affordable homeownership opportunities and revitalize communities

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500,000 homes could be constructed, renovated and sold under the bipartisan bill Representatives Mike Kelly (R-PA) and Brian Higgins (D-NY) introduced legislation to create a new tax incentive that would produce 500,000 starter homes in under-resourced communities over the next decade. The Neighborhood Homes Investment Act (“Neighborhood Homes”) would address the needs of families throughout the country who are struggling to purchase homes as costs continue to rise and the supply of homes remains

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