REI INK

Austin, Atlanta & Tampa Are Attracting Homebuyers From More Expensive Cities, Contributing to a Housing Supply Crunch

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Nationwide, 27.8% of Redfin.com users looked to move to another metro area in 2020, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That’s up from 25.5% in 2019, a 9% year-over-year increase. The increase is driven by people leaving expensive coastal areas for relatively affordable places. The uptick in migration is exacerbating the severe shortage of homes for sale in 2021. In December, supply was down a

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CIVIC FINANCIAL SERVICES ANNOUNCES ACQUISITION BY PACWEST BANCORP

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Civic Financial Services, LLC (“CIVIC”) announced today that Pacific Western Bank has purchased the company from Wedgewood, LLC (“Wedgewood”). Based in Redondo Beach, Calif., CIVIC is one of the leading institutional private lenders in the U.S. specializing in originating residential business-purpose loans (BPLs). Terms of the agreement were not disclosed. CIVIC was founded in 2014 through a partnership between Wedgewood and one of its subsidiaries, HMC Assets, to serve investors

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Target Auction Company Announces Online Auction Sale of 15 South Florida Residential Rental Properties

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Target Auction Company is offering 15 residential rental properties in Southeast Florida at online auction. The properties are located within the cities of Pompano Beach, Ft. Lauderdale, Hollywood, Miami Gardens, Opa Locka, Miami, and Homestead, Florida. Online bidding will begin Thursday, Feb. 18 and concludes Thursday, Feb 25 at 10 a.m. EST. Technology has changed the way investors and home buyers purchase real estate. Bidding and buying online is now as simple as the click of a button. Online auction marketing is the safest and

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ATTOM Becomes Fast-Growing Data Licensing Company With CEO Rob Barber At The Helm

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As the real estate industry continues to digitize, ATTOM continues to grow rapidly by providing a broad spectrum of businesses the data needed to enable digital products. Once an investor focused subscription business, ATTOM has evolved into the country’s leading data licensing platform and expanded at a remarkable speed. At the helm is Rob Barber, ATTOM’s CEO since 2015, who was recently named to the SP 200 (Swanepoel Power 200) for 2021, recognized as the

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OWNING A HOME MORE AFFORDABLE THAN RENTING IN NEARLY TWO THIRDS OF U.S. HOUSING MARKETS

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ATTOM Data Solutions, curator of the nation’s premier property database, released its 2021 Rental Affordability Report, which shows that owning a median-priced three-bedroom home is more affordable than renting a three-bedroom property in 572, or 63 percent of the 915 U.S. counties analyzed for the report. That has happened even though median home prices have increased more than average rents over the past year in 83 percent of those counties

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Geospatial Analytics® Democratizes Analytics for Front Line Workers Transforming the Real Estate Services Industry

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Geospatial Analytics®, a real estate software development company, announced the release of a new set of analytical solutions. The suite of products consists of Analytic Calculators™, Analytic Widgets™, Analytic Predictors™, and Analytic Pods™, which are an integral component of the Geospatial Analytics® industry-leading real estate management SaaS suite of solutions. A data analytics solution, Analytic Calculators™ enables users to answer important business calculations. Analytic Widgets™ enables users to access data from various sources

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