REI INK

Black Knight’s First Look: Number of Seriously Past-Due Loans Continues to Improve

  • by
  • Comment Off
  • 749 views

Long Holiday Weekend Drives Up May’s Overall Delinquency Rate – The national delinquency rate rose to 4.73% from 4.66% in April, driven largely by the three-day Memorial Day weekend foreshortening available payment windows – Similar occurrences are rare; the last time was in May 2004, at which time mortgage delinquencies jumped by more than 15% in a single month; this month saw a 1.5% increase – Early-stage delinquencies (those 30

Read More

Redfin Reports Homebuying Demand Lets Up a Bit as Prices Soar

  • by
  • Comment Off
  • 411 views

Redfin’s Homebuyer Demand Index was down 14% from its peak 9 weeks ago, and pending sales have declined 10% from their early May peak Fierce competition continues to drive home prices up, but home tours, offers and pending sales have slowed, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. New listings, a key lever for home sales growth, have held up better than pending sales and are inching

Read More

Arrived Homes Announces $37 Million in Seed Funding and Debt Financing

  • by
  • Comment Off
  • 716 views

Arrived is the first and only company with SEC qualified offerings allowing anyone to buy shares in individual rental homes Arrived Homes (“Arrived”), the ground-breaking real estate investing platform that makes ownership of rental properties a possibility for everyone, announced that it has raised $37 million in a combination of seed funding and debt financing. The round is comprised of $10 million in equity financing and $27 million in debt financing. This is the company’s first financing round

Read More

Civic Financial Services Surpasses $5 Billion in Loan Originations

  • by
  • Comment Off
  • 639 views

Private money lender hits industry milestone at record pace for business purpose loan space Civic Financial Services, a leading institutional private money lender, announced that it has surpassed $5 billion in loan originations and 12,000 funded loans since the company was founded six years ago. CIVIC funds exclusively business purpose loans for real estate investors, making this milestone the first for any company in the private lending industry. CIVIC topped

Read More

Experts Say Zoning Changes Are Most Effective Path to Boost Housing Supply for a More-Balanced Market

  • by
  • Comment Off
  • 448 views

A Zillow survey of economists and other real estate experts finds high costs are expected to slow construction and may lower homeownership among today’s 30-somethings. – The expert panel’s prediction for home price growth is the most optimistic ever in the quarterly survey that dates back to 2010. – The panel expects new construction to slow in the coming years, with high costs as the main barrier. But last quarter,

Read More

RealtyTrac Enhances Online Offerings and Resources for Real Estate Investors and Agents

  • by
  • Comment Off
  • 932 views

New Web Platform Houses the Industry’s Largest Database   RealtyTrac, the largest online marketplace for foreclosure and distressed properties and an ATTOM Data Solutions company, announced a significant enhancement of its data offerings and resources – available on realtytrac.com – to help individual investors and real estate agents find, analyze and invest in residential properties. The new web platform showcases RealtyTrac’s property- level database which includes more than 90% of

Read More