REI INK

News Updates

THE Q4 2024 VERISK REMODEL INDEX

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Prices continue to increase, but at a slower pace, as the industry braces for the impact of potential tariffs on imported goods and materials. The cost of home repairs and remodeling in the third quarter of 2024 continued to increase, rising by 3.65% from the fourth quarter of 2023, and 0.83% from the prior quarter according to the Q4 2024 Verisk Remodel Index. Costs set new highs for the past

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Redfin Reports 1 in 7 Pending Home Sales Are Getting Canceled, the Highest Share During This Time of Year on Record

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Atlanta, Las Vegas, Houston and parts of Florida are seeing the highest share of deals falling through, with supply piling up in those areas. Los Angeles is among the metro areas with the biggest increase in canceled sales, due largely to January’s devastating wildfires Just over 41,000 U.S. home-purchase agreements fell through in January, equal to 14.3% of homes that went under contract that month, according to a new report from Redfin

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Hot markets and home feature fads: How the pandemic changed home buying

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Record price growth, new in-demand features and a rise in virtual home touring mark the past five years in the housing market The housing market of today looks remarkably different from the market five years ago, just before the COVID-19 outbreak was declared a global pandemic in March 2020. Since then, home values and rents have surged to record highs, the number of $1 million homes has more than doubled, and both what buyers want

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Invitation Homes Promotes Tim Lobner to Chief Operating Officer

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Invitation Homes Inc. announced the promotion of Timothy J. Lobner to Executive Vice President and Chief Operating Officer, effective March 2. Charles D. Young will continue in the role of President. “We are extremely pleased to expand the role Tim plays in the organization and at the same time position Charles to focus more closely on our long-term strategy, including our plans for growth,” said Dallas Tanner, the Company’s Chief

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REFINANCE ACTIVITY UP AGAIN DURING FOURTH QUARTER DESPITE BROADER U.S. DOWNTURN IN HOME MORTGAGES

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Home Loans Shrink 3 Percent Quarterly as Interest Rates Climb and Sales Listings Remain Low; Purchase and Home-Equity Lending Dips While Refinance Deals Increase Again; Total Activity Still Down 60 Percent from 2021 Peak ATTOM, a leading curator of land, property data, and real estate analytics, released its fourth-quarter 2024 U.S. Residential Property Mortgage Origination Report, which shows that 1.64 million mortgages secured by residential property (1 to 4 units) were issued in

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ZOMBIE FORECLOSURES REMAIN A SMALL FRACTION OF U.S. HOUSING INVENTORY IN FIRST QUARTER OF 2025

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Only One in 14,700 U.S. Homes Sit Vacant During Foreclosure, Near Five-Year Low;  Zombie Foreclosures Virtually Unchanged Quarterly, Down 3 Percent Annually;  Trends Hold as Overall Foreclosure Activity Remains Down ATTOM, a leading curator of land, property data, and real estate analytics, released its first-quarter 2025 Vacant Property and Zombie Foreclosure Report showing that 1.4 million (1,372,396) residential properties in the United States are vacant. That figure represents 1.3 percent, or one in 76 homes,

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