REI INK

Redfin Reports New Listings Rose to the Highest Level in 17 Months in February

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Housing supply is finally rebounding as sellers get used to elevated mortgage rates, but it’s not rebounding enough to curb home price growth. High housing costs mean many house hunters remain hesitant to commit. New listings jumped 3.8% month over month on a seasonally adjusted basis in February to the highest level since September 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They were up 14.8%

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ServiceLink survey reveals Gen Z and millennials are ready to make their move

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The 2024 ServiceLink State of Homebuying Report highlights generational preferences and trends from today’s homebuyers Gen Z and millennials are optimistic, eager and ready to buy a home. Relatively high mortgage rates and lower income levels aren’t stopping their plans to become homeowners in 2024. A new report released from ServiceLink, the nation’s premier provider of tech-enabled mortgage services, analyzes generational trends among today’s homebuyers, revealing their sentiment about the current housing market

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ATTOM RANKS BEST COUNTIES FOR BUYING SINGLE-FAMILY RENTALS IN 2024

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Highest Potential SFR Returns around Vero Beach, St. Louis, Brownsville, Rochester and Augusta; Rental Margins Increasing in About Two-thirds of Nation ATTOM, a leading curator of land, property, and real estate data, released its Q1 2024 Single-Family Rental Market report, which ranks the best U.S. markets for buying single-family rental properties in 2024. The report analyzed single-family rental returns in 341 U.S. counties with a population of at least 100,000 and

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Redfin Reports Supply Ticked Up in February for First Time in 8 Months

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There are more homes for sale as spring approaches, and house hunters are hitting the pavement. Home touring activity is rising, and mortgage-purchase applications are up 11% this week. New listings rose 13% from a year earlier nationwide during the four weeks ending March 3, the biggest increase in nearly three years, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. The boost in new listings helped bring

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Home-Selling Sentiment Moves Higher Ahead of Spring Homebuying Season

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HPSI Inches Upward Again, Now at Highest Level in Nearly 2 Years The Fannie Mae Home Purchase Sentiment Index® (HPSI) increased 2.1 points in February to 72.8, inching higher for the third consecutive month, due primarily to increased optimism around home-selling conditions. In February, 65% of consumers said it’s a good time to sell a home, up from 60% last month. The share of those who believe it’s a good time to

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White House Touts Title Insurance Waiver Program as Promise of Savings, But Program Doesn’t Help First-Time Homebuyers or Low-Income Households

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During the State of the Union address, President Biden announced that the administration was moving forward with a previously rejected pilot program that would waive the requirement for lender’s title insurance on certain refinances. This misguided effort should only be seen as a purely political gesture that offers a false promise of savings for homeowners when in fact all it will do is expose consumers, lenders, and taxpayers to greater

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