REI INK

News Updates

U.S. Foreclosure Activity In January 2023 Continues To Increase Annually For 21 Consecutive Months

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Completed Foreclosures (REOs) See First Year-Over-Year Decrease;  Foreclosure Starts Down 1 Percent from Last Month ATTOM, a leading curator of land, property, and real estate data, released its January 2023 U.S. Foreclosure Market Report, which shows there were a total of 31,557 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – up 36 percent from a year ago, and up 2 percent from the prior month. ”The uptick

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Mid-Atlantic Housing Market is Poised for a Rebound Heading into the Spring Market

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Buyers begin to return to the market in January as interest rates begin to level off and sellers may not be far behind As mortgage rates hit their lowest levels since September, buyers and sellers are coming to terms with 6% interest rates as the new normal. After record low sales activity at the end of 2022, the Mid-Atlantic housing market rebounded in January. Both pending sales and showing activity

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Housing market activity remains low as the federal reserve slows down rate hikes

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Net New Listings Placed on The Market Experienced a 43.9% Decrease Year-Over-Year Despite the Slowing Rate Hikes from the Federal Reserve Price Has Flatlined Due to Low Market Activity, Indicated by the Median Price Remaining Unchanged Month-Over-Month Tight Supply Points to a Balanced Market Environment, But Other Market Indicators Such as Days-On-Market and Sale-to-List-Price Ratio Suggest a Buyer’s Market is Imminent HouseCanary, Inc. (“HouseCanary”), a national brokerage known for its

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MRI Survey Reveals What Renters Want

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Green Practices, Digital Interactions, Luxury Amenities, and Future Homeownership The PropTech firm MRI Software has good news for landlords and property managers: They can easily make renters happy by adopting green practices and digital communications.  Additionally, luxury amenities earned top spots on renters’ wish lists. Although these are more difficult for landlords to provide, they add significantly to a unit or building’s appeal. These are the key findings from the recent Voice of

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REDFIN REPORTS $2,500 MONTHLY BUDGET BUYS A $400,000 HOME AS RATES DIP BELOW 6%

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Home sellers are starting to come off the sidelines to meet buyer demand as mortgage rates steadily decline, with new listings and pending sales both posting their smallest drops in four months A homebuyer on a $2,500 monthly budget can afford a $400,000 home for the first time in four months as mortgage rates dip below 6%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The average

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HOME EQUITY FLATTENS OUT ACROSS U.S. IN FOURTH QUARTER OF 2022

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Nearly Half of Mortgaged Homes Remain Equity-Rich but Portion Dips Slightly;Seriously Underwater Level of Mortgages Unchanged at Just Below 3 Percent;Sixteen Times as Many Mortgages are Equity Rich Versus Seriously Underwater ATTOM, a leading curator of real estate data nationwide for land and property data, released its fourth-quarter 2022 U.S. Home Equity & Underwater Report, which shows that 48 percent of mortgaged residential properties in the United States were considered equity-rich in the fourth

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