Newsletter – Page 32 – REI INK
REI INK

RCN CAPITAL INVESTOR SENTIMENT INDEX

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REAL ESTATE INVESTOR SENTIMENT JUMPS 16% Real estate investor sentiment jumped by 16% from the previous quarter, according to the new RCN Capital/CJ Patrick Company Investor Sentiment Index™. Sixty percent of investors viewed today’s market as better or much better than it was a year ago, compared to only 20% who felt it was worse or much worse. Investors were equally bullish on where the market is headed, with 61% expecting it

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New Legislation Would Revitalize America’s Communities

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NAIOP Commends “Revitalizing Downtowns and Main Streets Act” Introduced in the U.S. House of Representatives NAIOP, the Commercial Real Estate Development Association, commends the introduction of the “Revitalizing Downtowns and Main Streets Act,” which establishes a new 20% tax credit to make possible conversion of many underutilized or vacant commercial properties to residential use. The bipartisan bill is sponsored by U.S. Representatives Mike Carey (R-OH) and Jimmy Gomez (D-CA). “This legislation will spur the conversion

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Falling Mortgage Rates, Rising Supply Create Opportunity for Homebuyers This Summer, Even Amid Record-High Prices

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Homebuyers on a $3,000 monthly budget have gained over $20,000 in purchasing power since mortgage rates peaked in the spring A homebuyer on a $3,000 monthly budget can afford a $447,750 home with a 6.85% mortgage rate, the daily average as of July 11, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That buyer has gained $22,500 in purchasing power since mortgage rates hit a five-month peak

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FORECLOSURE ACTIVITY IN FIRST HALF OF 2024 DOWN FROM PREVIOUS YEAR

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U.S. Foreclosure Starts Decrease 3.5 Percent in First Six Months of 2024;  Average Days to Complete a Foreclosure Up Second Quarter in a Row;  June and Q2 2024 Foreclosure Activity Post Annual Declines ATTOM, a leading curator of land, property and real estate data, released its Midyear 2024 U.S. Foreclosure Market Report, which shows there were a total of 177,431 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions —

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Incenter Marketing Elevates Jake Haynes to Director of Creative Operations

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Leader Recognized for Success Ensuring Creative and Service Excellence Incenter Marketing, a national branding, marketing, public relations, and sales engagement firm with specialties in the mortgage and finance industries, announced the promotion of Jake Haynes to Director of Creative Operations. In his new role, Mr. Haynes is responsible for maximizing the creative impact of every Incenter Marketing program using the most effective strategies, tactics and tools, while ensuring consistently topnotch

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Rents are growing fastest in unexpected places

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Rents are still most expensive in large coastal markets, but they are growing fastest in smaller markets in the Northeast and Midwest While rents are most expensive in large coastal markets like New York City, the San Francisco Bay Area and Boston, the fastest-growing rents are in unexpected places. New data from Zillow® shows rents are growing faster in Hartford than any other major market, and Cleveland and Louisville aren’t far behind. “More people move during the summer, which causes the rental

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