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News Updates

U.S. FORECLOSURE ACTIVITY CONTINUES TO CLIMB IN Q1 2023

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Foreclosure Starts See an Annual Increase of 29 Percent;Bank Repossessions at Highest Level in Three Years ATTOM, a leading curator of land, property, and real estate data, released its Q1 2023 U.S. Foreclosure Market Report, which shows a total of 95,712 U.S. properties with a foreclosure filings during the first quarter of 2023, up 6 percent from the previous quarter and up 22 percent from a year ago. The report also shows a

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PropStream Announces New CEO: Brian Tepfer

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PropStream, the leading real estate data provider, is pleased to announce that industry veteran Brian Tepfer, former Executive Vice President and CTO of Rapattoni Corporation (Rapattoni), has been appointed as the new CEO of PropStream. At Rapattoni, Brian started as a Technical Operations and Business Processes Manager. By showing exceptional leadership qualities, he quickly advanced to Executive Vice President and CTO, a role he held for over eight years. While

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Rents Post First Annual Decline in Three Years

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The median asking rent fell 0.4% in March to the lowest level in 13 months. Austin and Chicago saw the largest declines, while Raleigh and Cleveland experienced the biggest gains. The median U.S. asking rent fell 0.4% year over year to $1,937 in March—the first annual decline since March 2020 and the lowest median asking rent in 13 months, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.

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Student Housing Sector Shows Resiliency

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New records for rents and preleasing set in March, but transaction activity drops The student housing sector continues to outperform other real estate verticals during challenging economic conditions, according to the latest National Student Housing Report from Yardi® Matrix. Rents increased seven percent year-over-year in March to an average of $829 per bedroom, a record high. March preleasing rates also surpassed last year’s record. As of last month, 69.7 percent of beds at Yardi

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Frontdoor Revolutionizes Home Maintenance and Repair

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The Frontdoor® app helps homeowners get things done smarter with a simple tap Frontdoor, Inc., the nation’s leading provider of home service plans with about two million members, unveiled Frontdoor®, a first-of-its-kind mobile app addressing the evolving needs of tech-savvy homeowners. “Frontdoor is an amazing app that will change how homeowners maintain and repair their most valuable asset. The video chat feature with one of our Experts is the heart of the

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Redfin Reports Demand Outpaces Limited Supply, Making Some Markets Feel Hot Despite Few Sales

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Limited new listings are making it feel like a seller’s market in some parts of the U.S. even though sales are down by double digits. Some markets still feel cool. Although elevated mortgage rates continue to dampen homebuying demand, low inventory means home are selling fast in some parts of the country, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The pool of homes available to buyers

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