REI INK

Rampant, Increasing Fraud Impacting Rental Housing Costs

  • by
  • Comment Off
  • 289 views

Throughout the country, incidences of rental application, financial and identity fraud are on the rise and fueled by social media. Results from a groundbreaking new survey of rental housing providers have revealed staggering increases of fraud, contributing to both the growth in rents and number of evictions. A vast majority of respondents (70.7%) reported experiencing an increase in fraudulent applications and payments, utilizing fraudulent documentation, financial statements and even identities in the

Read More

PetScreening Recognized As A CRE Technology Influencer

  • by
  • Comment Off
  • 284 views

Award from GlobeSt. Honors Company’s Impact on Multifamily Industry  PetScreening, which offers the rental housing industry’s first and leading pet policy management software at no charge to property owners and managers, announced it has been named a 2024 Influencer in Commercial Real Estate Technology by GlobeSt. The awards program recognizes companies and individuals who provide innovative technology applications for property owners and operators in the multifamily, retail, industrial, office, hospitality

Read More

SFR Rent Growth Edges Up in Q4 2023: Is the Slowdown Over?

  • by
  • Comment Off
  • 263 views

Four Out of Six Regions Showed Improved Year-Over-Year Rent Growth in Q4 2023 vs. Q3 2023 Rentometer has released their quarterly Rent Report for Q4 2023. The focus of the quarterly Rent Report is three-bedroom (3-BR) single-family rentals (SFRs). The Q4 2023 report covers 646 cities that had at least 25 data points for Q4 2022 and Q4 2023. Highlights from the report are as follows: Rentometer’s president, Mike Lapsley, commented

Read More

HOME EQUITY DOWN SLIGHTLY ACROSS U.S. DURING FOURTH QUARTER BUT REMAINS STRONG

  • by
  • Comment Off
  • 314 views

Equity-Rich Portion of Mortgaged Homes Decreases While Seriously Underwater Level Rises; Overall Equity for Homeowners Also Ticks Downward Amid Decline in Home Values; But Nearly 95 Percent of Mortgaged Homeowners Still Have Equity Built Up ATTOM, a leading curator of land, property, and real estate data, released its fourth-quarter 2023 U.S. Home Equity & Underwater Report, which shows that 46.1 percent of mortgaged residential properties in the United States were considered

Read More

Homebuyers on a $3,000 Monthly Budget Have Gained $40,000 in Purchasing Power Since Mortgage Rates Peaked Last Fall

  • by
  • Comment Off
  • 350 views

Redfin reports buyers can afford a more expensive home now that mortgage rates have dropped to 6.7%, down from nearly 8% in October A homebuyer on a $3,000 monthly budget has gained nearly $40,000 in purchasing power since mortgage rates peaked this past fall, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. A $3,000 monthly budget will buy a $453,000 home with a 6.7% mortgage rate, roughly

Read More

Price Growth Starts the Year Strong But Harsh Weather Freezes Out Some Would-Be Homebuyers

  • by
  • Comment Off
  • 355 views

Redfin agents in areas affected by inclement weather report slow homebuying activity, but agents in warmer locales say buyers and sellers are active as mortgage rates stay in the high-6% range, down from 8% a few months ago The median U.S. home-sale price rose 5.1% during the four weeks ending January 21, the biggest increase since October 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Asking

Read More