REI INK

July 2021 U.S. Foreclosure Activity Declines Slightly As Government Moratorium Comes To An End

  • by
  • Comment Off
  • 616 views

Foreclosure Starts Decrease 4 Percent from Last Month; While Completed Foreclosures Increase 5 Percent from Last Month ATTOM, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), the largest online marketplace for foreclosure and distressed properties, released its July 2021 U.S. Foreclosure Market Report, which shows there were a total of 12,483 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 4

Read More

Homebuying and Selling Sentiment Remain Polarized

  • by
  • Comment Off
  • 344 views

Seventy-Five Percent of Consumers Believe It’s a Good Time to Sell The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) decreased 3.9 points to 75.8 in July, as consumers continue to report concerns related to high home prices and a lack of homes for sale. While all six components declined month over month, the “Good Time to Buy” and “Good Time to Sell” components once again produced the most notable results. On

Read More

New Report From HouseCanary Shows Affordable Properties Remain Out of Reach Due to Tight Supply, Steep Prices

  • by
  • Comment Off
  • 332 views

Lack of Housing Inventory Persists – And Number of Affordable Homes Listed Below $200K Continues to Fall Nationwide Supply Shortage Continues to Drive Prices Higher, With Median Closed Price of Single-Family Listings Up 21.3% Year-Over-Year In July, 7.3% Fewer Listings Went Under Contract Compared to the Year Prior, Signaling That Record-High Home Prices May Be Causing Some Buyers to Retreat HouseCanary, Inc. (“HouseCanary”), a national brokerage known for its real

Read More

Hard Money Lender Accelerates Past Major Milestone in Lending

  • by
  • Comment Off
  • 404 views

Ignite Funding, a hard money lender, crossed the $1 billion dollar mark in funding residential and commercial real estate loans. It was just last year that Ignite Funding announced the milestone of $750 million funded, which puts this new achievement under their belt at record pace. “If it were not for the loyalty of our investors and the ingenuity of our borrowers, Ignite Funding would not have had the opportunity to sprint past this milestone,” states Carrie

Read More

HOMEOWNER EQUITY SURGES ACROSS U.S. DURING Q2

  • by
  • Comment Off
  • 507 views

Eight Times More Properties are Equity-Rich Across U.S. Than Seriously Underwater Portion of U.S. Homes Considered Equity-Rich Up to 34 Percent Seriously Underwater Properties Down to 4 percent ATTOM, curator of the nation’s premier property database, released its second-quarter 2021 U.S. Home Equity & Underwater Report, which shows that 34.4 percent of mortgaged residential properties in the United States were considered equity-rich in the second quarter, meaning that the combined

Read More

ASA Disappointed with Continued Exclusion of Appraisal Profession from Ongoing Federal Agency Efforts on Valuation Bias

  • by
  • Comment Off
  • 358 views

The Department of Housing and Urban Development (HUD) held a virtual event looking at bias issues surrounding the home valuation process. Notably, this event was held without any participants from the appraisal profession at the table. This marks the second event of its kind that has excluded appraisers or their representatives from these important conversations. On June 15th, the Consumer Financial Protection Bureau (CFPB) held their own valuation bias event, absent

Read More