REI INK

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

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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

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Hard Money Lender Accelerates Past Major Milestone in Lending

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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

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HOMEOWNER EQUITY SURGES ACROSS U.S. DURING Q2

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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

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

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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

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Realtor.com® Investor Report: Top Markets Where Investors Are Impacting the Inventory Crunch

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– Nationally, investors took more inventory off the market than they contributed in April; their purchases represented 5.7% of all home sales – Among the 50 largest U.S. metros, investors made the biggest contributions to inventory levels in: Atlanta, Dallas, Baltimore, Los Angeles and San Francisco – In April, investors took away the most inventory in: Phoenix, Charlotte, Miami, Tampa and Chicago Despite the common perception that investors are always

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Mr. Cooper Group Announces Two Executive Appointments

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Executive Team Expanded to Drive Portfolio Growth and Customer Experience Enhancements Mr. Cooper Group Inc. (NASDAQ: COOP) announced two additions to the executive leadership team as the company focuses on becoming the largest home loan company in the country, with a customer-centric culture and best-in-class digital tools. Shawn Stone was named Executive Vice President and Chief Revenue Officer and will focus on the company’s accelerated growth strategy, exploring new delivery channels

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