REI INK

First-time buyers, inventory expected to rebound in 2024

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Panel of housing experts sees pandemic-fueled deficits sticking around until then Panel expects a two-year climb back to pre-pandemic for-sale inventory levels  Share of first-time buyers is forecast to stay below 2019 levels until 2024 Home price appreciation should outstrip all inflation measures this year except that of energy The housing market is expected to return to pre-pandemic, 2019 norms — at least in terms of inventory and the share

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Homebuyer Competition Ticked Up in February, Hitting Record High

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Bidding Wars Are Intensifying at a Slower Pace Than They Were at the Start of the Pandemic By Lily Katz, Senior Data Journalist at Redfin Nationwide, 68.6% of home offers written by Redfin agents faced bidding wars on a seasonally adjusted basis in February—the highest level in Redfin’s records, which date back to April 2020. That’s up slightly from a revised rate of 68% in January and 60.2% a year

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WORD OF THE DAY: Autodidact

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[aw-toh-DIE-dakt] Part of speech: Noun Origin: Greek, late 18th century Definitions: A self-taught person; a person who learned through methods outside of formal education Examples of Autodidact in a sentence “He loves being homeschooled and proudly calls himself an autodidact.” “Thanks to unlimited how-to videos and courses on the internet, anyone can be an autodidact.” About Autodidact An autodidact is a self-taught person who hasn’t received any formal education or training in their chosen skill

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RCN Capital Recognized on 2021 Inc. 5000 List of the Fastest-Growing Private Companies

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RCN Capital, the leading nationwide private lender for real estate investors, has been named on the 2021 Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies, ranking No. 3251. RCN Capital also ranked No. 180 on the Inc. 5000 Regionals: New York City Metro list earlier this year.  “It is truly an honor to see RCN Capital on the 2021 Inc. 5000 list with the likes

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33 Holdings LLC & Beers Housing Inc., Merge Operations & Service Lines

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Creates a Vertically Integrated Real Estate Platform 33 Holdings LLC announced the signing of a merger agreement to acquire interest in Beers Housing Inc., a General Contractor and a leading service provider in mortgage field services, maintenance, rehab, construction and development in the southeast US. The M&A is expected to strengthen 33 Holding’s vertically integrated real estate platform executing value-add and opportunistic real estate projects. Joining 33 Holdings LLC is an incremental progression

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2020 Census Statistics Highlight Local Population Changes and Nation’s Racial and Ethnic Diversity

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U.S. Census Bureau Delivers Data for States to Begin Redistricting Efforts The U.S. Census Bureau released additional 2020 Census results showing an increase in the population of U.S. metro areas compared to a decade ago. In addition, these once-a-decade results showed the nation’s diversity in how people identify their race and ethnicity. “We are excited to reach this milestone of delivering the first detailed statistics from the 2020 Census,” said acting Census

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