REI INK

ALI HARALSON PROMOTED TO PRESIDENT OF AUCTION.COM

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Haralson will oversee sales and operations as company’s first woman president Intensifies company’s focus on “get to sold” with innovative solutions that yield better outcomes for servicers, buyers, homeowners, and communities Sets stage for efficient scaling as distressed disposition volumes rise Auction.com, the nation’s leading distressed real estate marketplace, announced that Ali Haralson has been promoted to president, a new position in the company that will oversee both sales and

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NRHC Creates Rental Assistance Guide for Rental Home Providers

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The National Rental Home Council (NRHC) announced the release of The Property Owners Guide to Rental Assistance, a concise, step-by-step resource to help rental home providers – especially small, individual owners – navigate the process of applying for funding through the federal government’s emergency rental assistance program. “NRHC has been advocating for rental assistance since the beginning of the COVID crisis in early 2020. Now that assistance is finally available,

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Home Prices Post 17% Annual Gain, Largest in at Least 5 Years

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The median home sale price increased 17% year over year to $330,250—an all-time high—according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This is the largest increase on record in this data set, which goes back through 2016. Below are other key housing market takeaways for more than 400 U.S. metro areas during the 4-week period ending March 14.  Asking prices of newly listed homes hit a new all-time

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Low-Income Renters Left Out of Pandemic Savings

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Home values continued their march upward in February, matching record monthly growth from months prior, according to Zillow’s February Market Report. While home sales and appreciation soared over the course of the pandemic, rent growth slowed, seemingly a boost for rent affordability. However, it was often the more-expensive areas of metros that softened the most, providing little respite for renters in lower-priced areas.  Rents have largely flatlined nationally during the pandemic

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DLP Bancshares Inc., an affiliate of DLP Real Estate Capital, to Acquire Sunnyside Bancorp, Inc.

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Sunnyside Bancorp, Inc. (OTCBB: SNNY) announced that it had entered into an agreement with DLP Bancshares, an affiliate of DLP Real Estate Capital, a private financial services and real estate investment firm, pursuant to which DLP Bancshares would acquire Sunnyside Bancorp and its subsidiary, Sunnyside Federal Savings and Loan Association of Irvington (“Sunnyside Federal”). Under the terms of the agreement, shareholders of Sunnyside Bancorp will receive $15.55 in cash per

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COVID Cash Kicks Off New Policy Era for CRE

Besides providing a short-term boost to the commercial real estate segments most affected by the pandemic, the $1.9 trillion COVID-19 relief package signed into law by President Joe Biden promises to be a taste of the type of progressive policymaking Democrats will implement while they control Congress. The American Rescue Plan funds a wish list of programs sought by the industry, including nearly $40 billion of aid for rental housing,

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