REI INK

Pending Home Sales Rose 4% in December—Biggest Jump in Over Two Years

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Homebuyers came out of the woodwork as mortgage rates posted the biggest monthly decline since 2008 Pending home sales rose 4.1% month over month in December on a seasonally adjusted basis–the biggest increase since September 2021–to the highest level in more than a year. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They climbed 5.9% from a year earlier, the biggest annual gain since June 2021.

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Blackstone Real Estate to Take Tricon Residential Private

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Blackstone Remains Committed to Tricon’s Extensive Housing Development Platform, Including its Pipeline of $1 Billion of New Single-Family Homes in the U.S. and $2.5 Billion of New Apartments in Canada Plans to Improve Quality of Existing U.S. Single-Family Homes through an Additional $1 Billion of Capital Projects   Blackstone and Tricon Residential Inc. announced that they have entered into an arrangement agreement under which Blackstone Real Estate Partners X together with

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RENTING A HOME STILL MORE AFFORDABLE THAN OWNING ACROSS U.S.

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Home Rental and Ownership Still Difficult in 2024 for Average Workers in Most of Nation; But Renting Less of a Burden in Nearly 90 Percent of Local Markets; Trend Continues Despite Rents Growing Faster Than Home Prices ATTOM, a leading curator of land, property and real estate data, released its 2024 Rental Affordability Report, which shows that median three-bedroom rents in the U.S. are more affordable than owning a similarly-sized

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FIX-AND-FLIP INVESTORS MORE OPTIMISTIC THAN RENTAL PROPERTY OWNERS

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High financing costs, limited inventory continue to be biggest challenges, but insurance costs and coverage are growing concerns. There were significant differences of opinion between fix-and-flip investors and rental property owners about the state of real estate investing, according to the Winter 2023 Investor Sentiment Survey from RCN Capital, conducted by market intelligence firm CJ Patrick Company. To read the full report: https://lp.constantcontactpages.com/su/emMCtPO/WinterInvestorSentiment Fifty percent of flippers felt things were

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Gov. Murphy signs new foreclosure protection program into law

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By Nikita Biryukov, New Jersey Monitor New Jerseyans facing foreclosure will have a new path back to homeownership under a bill Gov. Phil Murphy signed Friday. The new law creates the community wealth preservation program, which will give homeowners facing foreclosure — plus their families and certain nonprofits — the right of first refusal to purchase their home at a sheriff’s sale. “With today’s bill signing, we are creating a new avenue

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GoDocs Appoints Adam Craig as CEO to Lead Next Phase of Growth

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GoDocs, the premier commercial lending document automation platform, has announced Adam Craig as its new CEO. This move signals a continued commitment to providing a true enterprise-class solution for banks, credit unions, and private lenders focused on delivering a seamless and consistent closing experience at scale. Craig, a seasoned FinTech leader with a 20-year track record driving disruptive growth, brings to GoDocs a deep expertise in building and delivering best-in-class SaaS solutions

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