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New Western Grows U.S. Affordable Housing Inventory by 6,540 in 2022 without Building a Single Home

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Inventory growth fueled by 10 new market openings this year including the latest in Washington, D.C.; Fix-and-flip properties purchased through New Western’s marketplace sell for up to 31% less than new builds New Western, the largest national private marketplace for fix-and-flip residential investment properties, announced that the company has made home ownership accessible for more Americans by growing U.S. housing inventory by 6,540 units to date in 2022. Without building a

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Reali Closing Operations

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Reali, the real estate and fintech platform transforming home buying and selling, announced it will begin a shutdown and will be laying off most of the workforce on September 9, 2022. Co-Founder and Chairman of the Board Amit Haller said, “Reali was one of the pioneering companies to offer the ‘buy before you sell’ and ‘cash offer’ programs to homeowners. We believed deeply in benefiting the consumer foremost in every transaction.

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WORD OF THE DAY: Acuity

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[ə-KYOO-ə-dee] Part of speech: Noun Origin: Late Middle English, 16th century Definition: Sharpness or keenness of thought, vision, or hearing. Examples of Acuity in a sentence “Jonah’s natural acuity made him a model student.” “The optician had noticed a worrying decline in the acuity of Martha’s sight in recent years.” About Acuity Acuity comes from the Latin “acuere” meaning “sharpen.” The word “acuere” is found in medieval Latin as “acuitas,” and in Old French as

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word of the day: Bafflegab

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[ba-fəl-ˌgab] Part of speech: Noun Origin: English, 20th century Definition: Messy, wordy jargon; Incomprehensible gibberish; Confusing legal or bureaucratic language Examples of Bafflegab in a sentence “The contract was full of so much bafflegab that I don’t even know what I agreed to.” “Do your words have actual meaning, or is it all just bafflegab?” About Bafflegab In addition to bafflegab, English has a rich history of words used to describe nonsense. Some standouts include

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ZOMBIE PROPERTY COUNT INCHES UP AGAIN IN THIRD QUARTER OF 2022 ACROSS U.S. AMID CONTINUED RISE IN FORECLOSURE ACTIVITY

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Zombie Properties Still Represent Just One of Every 13,000 Residential Properties Nationwide; But Ratio is Up Since Lifting of Foreclosure Moratorium One Year Ago ATTOM, a leading curator of real estate data nationwide for land and property data, released its third-quarter 2022 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,277,162) residential properties in the United States sit vacant. That figure represents 1.3 percent, or one in 78 homes, across the nation. The

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Buyers gaining time and options as housing market rebalances

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Competition is easing as inventory accumulates, leading the market back toward ‘normal’ U.S. home values fell 0.1% from June to July, the first decline in the raw Zillow Home Value Index since 2012. Home values fell last month in 30 of the 50 largest metro areas, but are still up 16% from a year ago.  Rising inventory is being driven by homes lingering on the market and new listings trailing

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