REI INK

NRHC Applauds Governor Kemp for Signing the “Georgia Squatter Reform Act”

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The National Rental Home Council (NRHC) commends Georgia Governor, Brian Kemp, for signing into law House Bill 1017, the “Georgia Squatter Reform Act,” legislation providing legal protections and recourse for homeowners in the event of the illegal occupation of their properties. Passed with overwhelming bipartisan support in both houses of the Georgia legislature, HB 1017 codifies and reinforces basic, foundational rights and responsibilities of homeowners throughout the state. “NRHC commends

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Home Prices Stagnate in Florida and Texas as Supply Soars

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The number of homes for sale in Cape Coral, FL and North Port, FL surged roughly 50% from a year earlier in March—more than anywhere else in the country. And in McAllen, TX, supply jumped 25%. On the west coast of Florida, housing supply is surging, sellers are cutting their asking prices and the time it takes to sell a home is soaring—all at a faster rate than anywhere else

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PROFITS FOR U.S. HOME SELLERS DECLINE AGAIN IN FIRST QUARTER OF 2024 AS PRICES FALL

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Profit Margins on Typical Home Sales Nationwide Decrease to 55 Percent; Returns Slip Downward as Median U.S. Home Price Slumps 4 percent ATTOM, a leading curator of land, property, and real estate data, released its first-quarter 2024 U.S. Home Sales Report, which shows that profit margins on median-priced single-family home and condo sales in the United States decreased to 55.3 percent in the first quarter – the smallest level in more than two years. The

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Hot Economy, Inflation Likely to Keep Rates ‘Higher for Longer’

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Rise in New Home Listings Projected to Boost Sales Despite Recent Run-up in Mortgage Rates Stronger-than-expected economic and inflation data have pushed interest rates higher and financial markets to price in fewer Federal Reserve rate cuts this year, according to the April 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group. While higher mortgage rates present renewed headwinds to the expected recovery in home sales this year, as well as

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ResiBuilt Expands Business Operations into For Sale Housing Market

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ResiBuilt, a trailblazer in the Build-to-Rent sector for the past 5 years, has recently launched its strategic expansion into the ‘Build for Sale’ sector, while affirming its unwavering commitment to Build-to-Rent endeavors. This expansion marks a significant milestone for ResiBuilt as it diversifies its business verticals and adapts to evolving market dynamics. “We are excited to embark on this new chapter of growth and innovation,” said Andy Capps, CEO of ResiBuilt.

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Redfin Reports the Typical U.S. Luxury Home Costs More Than Ever Before

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Luxury sales are outperforming partly because elevated mortgage rates aren’t a deterrent for many luxury buyers, as a record 47% of luxury homes were bought in cash at the start of 2024 The median-priced U.S. luxury home sold for a record $1,225,000 in the first quarter, up 8.7% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Prices of non-luxury homes rose at roughly

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