News Updates

Black Homeowners Earned $59,000 in Home Equity in 2020, Compared With $50,000 for White Homeowners

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People who bought homes in primarily Black neighborhoods in 2019 gained a median $59,000 in home equity last year, compared with $50,000 for people who bought homes in primarily white neighborhoods, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Equity grew more for people who bought homes in primarily Asian and Hispanic neighborhoods—by $79,000 and $67,000, respectively. For the purposes of this report, a neighborhood is considered primarily one race or another if more

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REI INK and RCN Capital would like to invite you to our “A Year In Review” virtual webinar. In 2020 we hosted multiple webinars covering a broad range of topics moderated by Jeff Tesch, the CEO of RCN Capital. Joining Jeff at each webinar were leaders in the real estate industry sharing their expertise on navigating the COVID crisis. On March 15th, Jeff Tesch will be moderating three separate panels

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Each year, the Congressional Budget Office publishes a report presenting its projections of what federal debt, deficits, spending, and revenues would be for the next 30 years if current laws governing taxes and spending generally did not change. This report is the latest in the series. Deficits. At an estimated 10.3 percent of gross domestic product (GDP), the deficit in 2021 would be the second largest since 1945, exceeded only by the 14.9 percent

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Invitation Homes Inc. announced the promotion of John Gibson to executive vice president and chief investment officer, effective immediately. Mr. Gibson joined Invitation Homes in December 2016 as senior vice president, Asset Management. He was promoted to Executive Vice President, Portfolio Management, in March 2019. Prior to joining Invitation Homes, Mr. Gibson spent 21 years with Goldman Sachs and its subsidiary, Archon Group, with various positions in real estate asset

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Fannie Mae’s (OTCQB: FNMA) January 2021 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae’s monthly and year-to-date activities for our gross mortgage portfolio, mortgage-backed securities and other guarantees, interest rate risk measures, serious delinquency rates, and loan modifications. The monthly Summary highlights are: • Fannie Mae’s Guaranty Book of Business increased at a compound annualized rate of 6.0% in January.• The Conventional Single-Family Serious Delinquency Rate decreased

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Synergy, Inc., a second-generation and family-owned construction company, announced plans to expand its business and focus on modular construction, affordable housing, senior housing and assisted living, and other real estate development projects in the mixed-use and multi-family markets. The commercial general contractor is a market leader in modular construction through its Synergy Modular brand, with a large focus on affordable housing and market-rate multi-family housing. Synergy Modular was created to