REI INK

News Updates

HOME EQUITY TICKS DOWNWARD AGAIN ACROSS U.S. AS HOUSING MARKET REMAINS STALLED

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Equity Remains Historically High in First Quarter of 2023;But Equity-Rich Portion of Mortgaged Homes Dips for Second Straight Quarter as Home Prices Drop Around Most of U.S.;Seriously Underwater Level of Mortgages Virtually Unchanged ATTOM, a leading curator of land, property, and real estate data, released its first-quarter 2023 U.S. Home Equity & Underwater Report, which shows that 47.2 percent of mortgaged residential properties in the United States were considered equity-rich in the first quarter,

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Veros Names Heather Zeller Vice President OF Marketing

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Zeller will lead brand management and drive company growth In support of Veros Real Estate Solutions (Veros®) goal to strengthen brand awareness and further penetrate the financial services and real estate markets by offering innovative enterprise risk management and property valuation services, the company has announced hiring Heather Zeller as its Vice President of Marketing. Zeller has over 25 years of experience in marketing management, product marketing, and corporate strategy in the financial services,

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Home Prices Up Again in March on Worsening Inventory Shortages and Modest Rise in Demand

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The Data & Analytics division of Black Knight, Inc. released its latest Mortgage Monitor report, based on the company’s industry-leading mortgage, real estate and public records data sets. A modest rise in homebuyer demand led to home prices strengthening for the third consecutive month in March, as both January and February were upwardly revised to show positive movement in prices. As Black Knight Vice President of Enterprise Research Andy Walden explains, while historical trends would suggest an increase

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U.S. HOME-SELLERS EXPERIENCE FURTHER DECLINE IN PROFITS IN Q1 2023

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Profit Margins on Typical Home Sales Nationwide Drop to Two-Year Low as Home Prices Remain Flat;  Investment Returns Decline Quarterly by Five Points;  Median Home Values Down Again in Most Markets ATTOM, a leading curator of land, property, and real estate data, released its first-quarter 2023 U.S. Home Sales Report, which shows that profit margins on median-priced single-family home and condo sales across the United States decreased to 44.2 percent as home prices stayed flat

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Real Estate Investors Find Growth Opportunities in a Contracting Market

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Purchases increased by 49% in the Midwest and 24% in the West Q/Q from New Western’s 150,000+ investors New Western, the largest national private real estate investment marketplace, announced its continued momentum from 2022 into Q1 2023, including a double digit surge in growth over the last quarter. Powered by New Western, local independent investors found opportunities in the midst of a tumultuous housing market. While iBuyers and institutional buyers

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Lessen Continues Business Transformation With Hire of Justin Iannacone

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Single-family rental veteran will architect solutions to address needs and challenges of today’s commercial and residential clients Lessen, the premier tech-enabled, end-to-end solution for outsourced real estate property services, continues to enhance its leadership team by appointing Justin Iannacone as chief process & innovation officer. “This is an exciting time at Lessen and having the right executive team in place is essential as we continue to build on our momentum,”

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