REI INK

A Record 1 In 4 Single-Family Homes for Sale In the First Quarter Were New Construction

  • by
  • Comment Off
  • 385 views

New construction is taking up a bigger piece of the pie as low mortgage rates and surging homebuyer demand make homebuilding more attractive during the coronavirus pandemic More than a quarter (25.7%) of single-family homes for sale in America during the first quarter were new-construction homes, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That is up from 20.4% a year earlier and represents the highest share

Read More

Computer Vision Is Changing Residential Property Management

  • by
  • Comment Off
  • 729 views

Lanthorn.ai and Uptimo are partnering up to streamline residential property management Lanthorn.ai, a Video Analytics Company, and Uptimo, a Real Estate Management Company, announced a collaboration agreement to bring AI solutions into property management. Property management is an essential service facilitating the balance in the rental housing market. The goal of this collaboration is to increase operating income, by reducing costs, and by increasing tenant’s satisfaction through enhanced experiences. This

Read More

Urban Single-Family Homes Are Seeing the Fastest Price Growth as Buyers Return to City But Still Crave Space

  • by
  • Comment Off
  • 527 views

– As vaccines roll out, prices of spacious city dwellings are rising 20% – The pandemic-driven bump in rural properties has peaked – Urban condos are making a comeback with sales up nearly 30% year over year Prices of urban single-family homes are rising nearly 20% year over year—faster than any other type of home—according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. But this year’s hot housing

Read More

Atlas Real Estate and DivcoWest Form $1 Billion Joint Venture to Acquire and Renovate Single-Family Rental (SFR) Homes

  • by
  • Comment Off
  • 607 views

The JV will acquire, renovate, and manage single-family rental (SFR) homes, marking DivcoWest’s entrance into the SFR investment market Atlas Real Estate, a full-service real estate company specializing in investment brokerage, property management and institutional acquisition, announced that it has entered into a joint venture (JV) partnership with San Francisco-based DivcoWest to invest $250 million of equity in single-family homes as rentals throughout the Western United States. The JV expects to deploy $1 billion acquiring and renovating homes

Read More

Median Texas home price up 13.4% during first quarter of 2021

  • by
  • Comment Off
  • 674 views

Texas Realtors releases 2021-Q1 edition of the Texas Quarterly Housing Report The median sales price of homes in Texas reached $274,300 in the first quarter this year, an increase of 13.4% over the same period last year, according to the 2021-Q1 Texas Quarterly Housing Report released today by Texas Realtors. “The demand for housing in Texas remained strong despite the winter storm in February and the pandemic,” said Marvin Jolly, chairman of Texas Realtors. “With a low supply of

Read More

Housing Supply Shortage Intensifies, Driving Prices Up 18%

  • by
  • Comment Off
  • 541 views

Homes sell at their fastest pace on record with nearly half off-market within one week The median home-sale price increased 18% year over year to $344,625—an all-time high—according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Below are other key housing market takeaways for more than 400 U.S. metro areas during the 4-week period ending April 18. Note that at this time last year, pandemic stay-at-home orders halted homebuying and

Read More