REI INK

Student Housing Asking Rents Reach New High

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Preleasing continues to outpace all previous years, and rent growth remained strong in March Preleasing at Yardi 200 schools hit 67.7 percent in March, exceeding last year’s pace by 2.4 percent, while rent growth accelerated to six percent, according to the latest Yardi® Matrix National Student Housing Report.  As of March, the average rent reached $895 per bedroom, marking an all-time high for the sector. A total of 41 universities had double-digit rent

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RE/MAX NATIONAL HOUSING REPORT FOR MARCH 2024

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Inventory Gains and a Surge of New Listings Highlight a March in Which Sales Climbed from February 2024 But Trailed March 2023  Home sales in March increased 21.6% over February while trailing the March activity of a year ago. At the same time, a 20.9% surge in new listings during the month fueled a substantial 7.7% expansion in inventory. The inventory gains helped expand the supply of homes for sale by 24.2%

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Home values rising fastest in costliest metros

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Inventory and rate lock are deciding factors in market competition this spring Those shopping for homes this spring are feeling vastly different levels of market heat depending on where they’re looking. Inventory is a critical factor, the latest market report from Zillow® shows.  “Shoppers in the market today should expect competition, especially for attractive listings on the lower end of the price range — a rare opportunity these days,” said Skylar Olsen, Zillow’s chief

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FirstKey Homes Announces Leadership Transition

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FirstKey Homes, LLC (“FirstKey Homes” or the “Company”) announced today that Colleen Keating will step down as Chief Executive Officer. Board of Directors members Chan Galbato and Brendan Garvey have been appointed Executive Chairman and Lead Director, respectively. In his role as Executive Chairman, Chan will work closely with FirstKey Homes’ leadership team to oversee all strategic and operational aspects of the business. “FirstKey Homes is proud to be a leader in delivering exceptional offerings to

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Nearly 40% of Renters Think They’ll Never Own a Home, Up From 27% Last Year

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Lack of affordability is the most commonly cited reason renters don’t believe they’ll ever own a home Nearly two in five (38%) U.S. renters don’t believe they’ll ever own a home, up from roughly one-quarter (27%) less than a year ago, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Lack of affordability is the prevailing reason renters believe they’re unlikely to become homeowners. Nearly half (44%) of

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Phoenix Real Estate Investment Start-Up Shakes Up Industry

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The residential real estate investment industry is experiencing a major shakeup across the country, as the short list of industry giants who have controlled the market for the last 15 years are suffering massive employee exodus due to poor management, outdated sales tactics and ambitions of a big cashout payday. “With modern times comes modern expectations. Investment real estate professionals no longer want to work for organizations whose executives or

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