REI INK

WORD OF THE DAY: Outlier

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Part of speech: Noun Origin: English; 17th century Definitions: A person or thing considered atypical within its class or category; a location or feature positioned far away from other, related locations or features; a statistical value that’s distinctly different in value from other values in the sample. Examples of Outlier in a sentence “Suri got an A on the exam, but she was definitely an outlier.” “The island was an outlier from the others

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Buyers Gaining Time and Options as Competition Eases

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Affordability challenges mount as market rebalancing accelerates, especially in expensive markets Monthly payments on a typical mortgage are more than 75% higher than they were in June 2019. Less-expensive metros are seeing the smallest declines in sales. Typical U.S. rents have surpassed $2,000 a month for the first time, but growth is easing. Home shoppers are finding more options to choose from, more time to make decisions and even price cuts in some

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Americans Least Willing to Give Up Dining Out, Streaming TV and Vacation to Save Money as 82% say Inflation is Impacting Spending

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New Survey Examines Impact on Spending and Home Emergency Preparedness While the impact of inflation on Americans’ budgets has been widely covered this year, a new survey conducted by HomeServe dug into the specifics of how Americans have adjusted their spending habits due to higher prices on everything from groceries and gas to entertainment and education. An overwhelming 82% said that inflation is impacting their household budget. When asked what

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WORD OF THE DAY: Charrette

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[shə-RET] Part of speech: noun Origin: Old French, 15th century Definition: A meeting in which all stakeholders in a project attempt to resolve conflicts and map solutions. Examples of Charrette in a sentence “After attending the charette on the plans for the park, residents were enthusiastic about the fundraising.” “A charrette on the redesign of city hall brought together the city’s architects, community leaders, and residents.”

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REI Nation Reports Increases in Key Metrics for the Company and its Single-Family Rental Investors  

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REI Nation, one of the largest turnkey real estate investment companies in the U.S., announced its half-year 2022 single-family rental performance metrics. During the first half of the year, the company paid its single-family rental investors more than $42 million in net rental income, a year-over-year increase of 19%. By year-end 2022, REI Nation expects its net rental income payments to top $80 million, a year-over-year increase of 9.9%.  Rent rates,

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Home Sales Are Getting Canceled at the Highest Rate Since the Start of the Pandemic

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Some homebuyers are backing out of deals as a slowing housing market gives them more room to negotiate. Nationwide, roughly 60,000 home-purchase agreements fell through in June, equal to 14.9% of homes that went under contract that month, according to the latest analysis from Redfin (www.redfin.com), the technology-powered real estate brokerage. That’s the highest percentage since March and April 2020, when the housing market all but ground to a halt due to

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